Oil is leaving negative impact on CAD. The pair is finding support at 1.33580 with resistance at 1.34000 which both lines are above the weekly pivot point at 1.32310. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high rates. The ADX is not showing any clear signal. The pair seems bullish today, long positions are recommended with the target at 1.3470.

https://fxglory.com/usdcad-analysis-for-28-10-2016/

## Friday, October 28, 2016

### USDJPY analysis for 28.10.2016

USD is being supported due to the US treasury yields and the Fed rate-hike. The support rests at 104.950 with resistance at 105.350 which both lines are above the weekly pivot point at 103.780. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving horizontally in its maximum rate and the MACD indicator is in positive territory. The ADX is showing stronger buy opportunity than sell. There is no clear signal at the moment since 105.3 area seems to be such a strong resistance zone and despite the pair’s bullish trend, there might be pullbacks soon. Traders can wait for a better chart setup.

https://fxglory.com/usdjpy-analysis-for-28-10-2016/

https://fxglory.com/usdjpy-analysis-for-28-10-2016/

### EURUSD analysis for 28.10.2016

EURUSD is massively under the influence of Initial Jobless Claims and Durable Goods Orders releases. The support rests at 1.08930 with resistance at 1.09170 which both lines are below the weekly pivot point at 1.09260. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory, heading up. The ADX is showing buy signal at the moment. Long positions are recommended targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-28-10-2016/

https://fxglory.com/eurusd-analysis-for-28-10-2016/

## Thursday, October 27, 2016

### NZDUSDanalysis for 27.10.2016

NZDUSD is chiefly under the influence of Fed rate-hike by the end of 2016. The support rests in 0.71300 with resistance at 0.71780 which the weekly pivot point at 0.71670 is located in between the lines. The EMA of 10 is moving horizontally and it is located below the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory heading up and the Stochastic is moving in its minimum rate. The ADX is not showing any clear signal. Short positions are recommended targeting 0.7080.

https://fxglory.com/nzdusdanalysis-for-27-10-2016/

https://fxglory.com/nzdusdanalysis-for-27-10-2016/

### USDJPY analysis for 27.10.2016

Both USD and JPY are being supported due to the economic reports therefore it might not have any sharp fall or growth today. The support rests at 104.110 with resistance at 104.810 which both lines are above the weekly pivot point at 103.780. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the Stochastic is moving horizontally in its maximum rate and the MACD indicator is in neutral territory. The ADX is showing stronger buy opportunity than sell. 104.8 area seems to be a strong resistance zone for this pair therefore short positions are recommended at the moment.

https://fxglory.com/usdjpy-analysis-for-27-10-2016/

https://fxglory.com/usdjpy-analysis-for-27-10-2016/

### EURUSD analysis for 27.10.2016

Positive PMI Composite and IFO reports in EU and Germany left a positive impact on EUR. The support rests at 1.08770 with resistance at 1.09190 which both lines are below the weekly pivot point at 1.09260. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 100 is located below the EMA of 200 which shows the long term bearish trend of this pair. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory, heading up. The ADX is not showing any clear signal at the moment. Taking the bearish scenario, EURUSD is targeting 1.0850.

https://fxglory.com/eurusd-analysis-for-27-10-2016/

https://fxglory.com/eurusd-analysis-for-27-10-2016/

## Wednesday, October 26, 2016

### AUDUSD analysis for 26.10.2016

Dollar is being supported by stronger Manufacturing PMI data and the Fed officials’ remarks. The support rests in 0.76630 with resistance at 0.77090 which both lines are above the weekly pivot point at 0.76400. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in the overbought area above the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving horizontally in its maximum rate. The ADX is showing better buy opportunity than sell. The 0.77 area seems to be a strong resistance zone for this pair, short-term long positions are recommended but then the pair will not grow further from the resistance zone, and sellers can target 0.7675.

https://fxglory.com/audusd-analysis-for-26-10-2016/

https://fxglory.com/audusd-analysis-for-26-10-2016/

### GBPUSD analysis for 26.10.2016

GBPUSD is only under the influence of the BOE’s Governor Carney’s comments. The support rests at 1.21520 with resistance at 1.22020 which both lines are below the weekly pivot point at 1.22300. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving in neutral area and the MACD indicator is moving towards the negative territory. The ADX is showing stronger sell opportunity rather than buy. Short positions are recommended targeting 1.2100.

https://fxglory.com/gbpusd-analysis-for-26-10-2016/

https://fxglory.com/gbpusd-analysis-for-26-10-2016/

### EURUSD analysis for 26.10.2016

In spite of strong Business Climate and Expectations in Germany, EURUSD had some minor changes. The support rests at 1.08590 with resistance at 1.09130 which both lines are below the weekly pivot point at 1.09260. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 100 is located below the EMA of 200 which shows the long term bearish trend of this pair. The RSI is growing towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory, heading up. The ADX is not showing any clear signal at the moment. EURUSD is starting its growth targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-26-10-2016/

https://fxglory.com/eurusd-analysis-for-26-10-2016/

### USDCAD analysis for 25.10.2016

USD is getting stronger than CAD due to the Fed rate-hike in December and the economic reports in Canada. The pair is finding support at 1.33160 with resistance at 1.3360 which both lines are above the weekly pivot point at 1.32310. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is falling down towards the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in neutral area. Short positions are recommended with the target at 1.3250.

https://fxglory.com/usdcad-analysis-for-25-10-2016/

https://fxglory.com/usdcad-analysis-for-25-10-2016/

### USDJPY analysis for 25.10.2016

USDJPY is chiefly under the influence of the positive Trade Balance report and Manufacturing PMI for October. The support rests at 104.270 with resistance at 104.550 which both lines are below the weekly pivot point at 103.780. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving above the 50 level in the overbought area, the Stochastic is showing upward momentum and it is moving in its maximum rate and the MACD indicator is in neutral territory. There will be a short term correction pattern soon targeting 103.00 area.

https://fxglory.com/usdjpy-analysis-for-25-10-2016/

https://fxglory.com/usdjpy-analysis-for-25-10-2016/

### EURUSD analysis for 25.10.2016

EURUSD was supported due to the Services PMI in the EU. The support rests at 1.08640 with resistance at 1.08880 which both lines are below the weekly pivot point at 1.09260. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving horizontally in neutral ranges and the MACD indicator is in negative territory. As long as the pair is moving below the 1.1 area, it would stay bearish.

https://fxglory.com/eurusd-analysis-for-25-10-2016/

https://fxglory.com/eurusd-analysis-for-25-10-2016/

### NZDUSD analysis for 24.10.2016

NZDUSD is declining due to the US rate hike. The support rests in 0.71280 with resistance at 0.71850 which the weekly pivot point at 0.71470 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory heading down and the Stochastic is showing upward momentum. The pair is growing towards the resistance area targeting 0.7200.

https://fxglory.com/nzdusd-analysis-for-24-10-2016/

https://fxglory.com/nzdusd-analysis-for-24-10-2016/

### GBPUSD analysis for 24.10.2016

GBP is staying under pressure due to the Brexit issue. The support rests at 1.21630 with resistance at 1.22350 which the weekly pivot point at 1.22120 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in neutral area and the MACD indicator is moving towards the negative territory. Just like last week, the pair will be fluctuating within the channel between the support and resistance areas.

https://fxglory.com/gbpusd-analysis-for-24-10-2016/

https://fxglory.com/gbpusd-analysis-for-24-10-2016/

### EURUSD analysis for 24.10.2016

While Mr. Draghi’s comments weakened EUR, USD was supported by the US rate hike. The support rests at 1.08420 with resistance at 1.08900 which both lines are below the weekly pivot point at 1.09020. The EMA of 10 is moving with bearish bias long the descendant channel and it is located below the EMA of 100. The RSI is moving below the 50 level in the oversold area, the Stochastic is moving horizontally in low ranges but is showing upward momentum and the MACD indicator is in negative territory. Long positions are recommended targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-24-10-2016/

https://fxglory.com/eurusd-analysis-for-24-10-2016/

## Friday, October 21, 2016

### AUDUSD analysis for 21.10.2016

AUD is getting weaker than USD. The support rests in 0.76100 with resistance at 0.76460 which both lines are above the weekly pivot point at 0.75950. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The pair will rise to 0.7650 so long positions are recommended at the moment.

https://fxglory.com/audusd-analysis-for-21-10-2016/

https://fxglory.com/audusd-analysis-for-21-10-2016/

### GBPUSD analysis for 21.10.2016

GBPUSD is acting weaker due to the Retail Sales release. The support rests at 1.21990 with resistance at 1.22680 which the weekly pivot point at 1.22370 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. There is no clear signal for this pair at the moment since it is staying neutral. Traders must wait for better signals.

https://fxglory.com/gbpusd-analysis-for-21-10-2016/

https://fxglory.com/gbpusd-analysis-for-21-10-2016/

### EURUSD analysis for 21.10.2016

The EURUSD is staying the same after the ECB decision to keep its monetary stance unchanged. The support rests at 1.08650 with resistance at 1.09430 which both lines are below the weekly pivot point at 1.10460. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level in the oversold area, the Stochastic is moving horizontally in low ranges and the MACD indicator is in negative territory. There will be a short term correction pattern around 1.1000 area soon.

https://fxglory.com/eurusd-analysis-for-21-10-2016/

https://fxglory.com/eurusd-analysis-for-21-10-2016/

### USDCAD analysis for 20.10.2016

CAD grew due to the oil price. The pair is finding support at 1.31180 with resistance at 1. 31720 which both lines are below the weekly pivot point at 1.31760. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in negative territory, heading up and the Stochastic is showing upward momentum. There are no clear signals at the moment therefore traders can give this pair a rest and wait for better signals.

https://fxglory.com/usdcad-analysis-for-20-10-2016/

https://fxglory.com/usdcad-analysis-for-20-10-2016/

### USDJPY analysis for 20.10.2016

The USD is getting weak due to the economic reports in the US. The support rests at 103.390 with resistance at 103.770 which both lines are below the weekly pivot point at 103.870. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. Short positions are recommended with the target at 103 area.

https://fxglory.com/usdjpy-analysis-for-20-10-2016/

https://fxglory.com/usdjpy-analysis-for-20-10-2016/

### EURUSD analysis for 20.10.2016

EUR is getting stronger than USD due to the weak data and Fed officials’ unclear remarks about the rate. The support rests at 1.09490 with resistance at 1.09850 which both lines are below the weekly pivot point at 1.10460. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area, the Stochastic is moving horizontally in low ranges and the MACD indicator is in negative territory. The support level breakthrough will smooth the way for further decline targeting 1.0900.

https://fxglory.com/eurusd-analysis-for-20-10-2016/

https://fxglory.com/eurusd-analysis-for-20-10-2016/

## Wednesday, October 19, 2016

### EURUSD analysis for 19.10.2016

The USD is losing power due to the economic reports in the US. The support rests at 1.09660 with resistance at 1.10060 which both lines are below the weekly pivot point at 1.10460. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area towards, the Stochastic is moving horizontally in low ranges and the MACD indicator is in negative territory. Short positions are recommended targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-19-10-2016/

https://fxglory.com/eurusd-analysis-for-19-10-2016/

### GBPUSD analysis for 19.10.2016

The GBP is being empowered by the positive Consumer Price index in the UK. The support rests at 1.22380 with resistance at 1.23150 which both lines are below the monthly pivot point at 1.31110. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving in neutral area, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. Long positions are recommended with the target at 1.2400.

https://fxglory.com/gbpusd-analysis-for-19-10-2016/

https://fxglory.com/gbpusd-analysis-for-19-10-2016/

### NZDUSD analysis for 19.10.2016

NZDUSD is chiefly under the influence of Consumer Price Index report and a weaker dollar. The support rests in 0.71850 with resistance at 0.72450 which both lines are above the weekly pivot point at 0.71000. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving horizontally above the 50 level in the overbought area, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. Buyers can target 0.7250 for this pair at the moment.

https://fxglory.com/nzdusd-analysis-for-19-10-2016/

https://fxglory.com/nzdusd-analysis-for-19-10-2016/

## Monday, October 17, 2016

### USDJPY analysis for 17.10.2016

USDJPY is chiefly under the influence of the upbeat Chinese CPI report. The support rests at 103.710 with resistance at 104.610 which the weekly pivot point at 103.870 is located in between the lines. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory getting close to the neutral zone. Long positions are recommended targeting 105.00.

https://fxglory.com/usdjpy-analysis-for-17-10-2016/

https://fxglory.com/usdjpy-analysis-for-17-10-2016/

### USDCAD analysis for 17.10.2016

CAD seems stronger than the weak USD however; USD is getting strength due to the market’s hopes of the Fed rate-hike this year. The pair is finding support at 1.31340 with resistance at 1.31850 which the weekly pivot point at 1.31760 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The price is moving close to the EMA of 100 and10. There is are not enough signs to see the next target, therefore traders can wait for a better signal.

https://fxglory.com/usdcad-analysis-for-17-10-2016/

https://fxglory.com/usdcad-analysis-for-17-10-2016/

### EURUSD analysis for 17.10.2016

The USD is being supported due to Fed’s decision regarding the rate hike. The support rests at 1.09600 with resistance at 1.09980 which both lines are below the weekly pivot point at 1.10460. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area towards the oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory heading up. Today long positions are recommended targeting 1.1050.

https://fxglory.com/eurusd-analysis-for-17-10-2016/

https://fxglory.com/eurusd-analysis-for-17-10-2016/

## Friday, October 14, 2016

### USDJPY analysis for 14.10.2016

JPY is being empowered due to the weaker-than-expected Chinese data. The support rests at 103.450 with resistance at 104.450 which both lines are above the weekly pivot point at 102.740. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving above the 50 level in overbought area, the Stochastic is moving in its high ranges and is showing upward momentum and the MACD indicator is in positive territory heading down. The chart is staying bullish targeting the resistance zone at 104.45.

https://fxglory.com/usdjpy-analysis-for-14-10-2016/

https://fxglory.com/usdjpy-analysis-for-14-10-2016/

### NZDUSD analysis for 14.10.2016

NZDUSD is chiefly under the influence of oil price and the Chinese economic reports. The support rests in 0.70490 with resistance at 0.71660 which both lines are below the weekly pivot point at 0.71950. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving horizontally in 50 level area, the MACD indicator is negative territory and the Stochastic is showing downward momentum. Sellers can target 0.7050 at the moment.

https://fxglory.com/nzdusd-analysis-for-14-10-2016/

https://fxglory.com/nzdusd-analysis-for-14-10-2016/

### EURUSD analysis for 14.10.2016

USD was supported due to the FOMC confirmation of the investors’ expectations of a Fed rate-hike. The support rests at 1.10040 with resistance at 1.10680 which both lines are below the weekly pivot point at 1.11820. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory heading up. Sellers can target 1.0900 at the moment.

https://fxglory.com/eurusd-analysis-for-14-10-2016/

https://fxglory.com/eurusd-analysis-for-14-10-2016/

## Thursday, October 13, 2016

### GBPUSD analysis for 13.10.2016

GBP is being supported by the Theresa May’s decision. The support rests at 1.21390 with resistance at 1.22270 which both lines are below the weekly pivot point at 1.23710. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. While GBPUSD is moving below 1.2470 level, the chart will stay bearish.

https://fxglory.com/gbpusd-analysis-for-13-10-2016/

https://fxglory.com/gbpusd-analysis-for-13-10-2016/

### EURUSD analysis for 13.10.2016

EURUSD is falling down the descendant channel. Euro weakened despite positive ZEW Surveys. The support rests at 1.09810 with resistance at 1.10530 which both lines are below the weekly pivot point at 1.11820. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area and has reached the oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. Buyers can target 1.1120 as the 1.098 seems such a strong support area.

https://fxglory.com/eurusd-analysis-for-13-10-2016/

https://fxglory.com/eurusd-analysis-for-13-10-2016/

### AUDUSD analysis for 13.10.2016

AUDUSD is chiefly under the influence of the oil price. The support rests in 0.74860 with resistance at 0.75580 which both lines are below the weekly pivot point at 0.76090. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is moving horizontally in its low ranges. Long positions are recommended with the target at 0.7500.

https://fxglory.com/audusd-analysis-for-13-10-2016/

https://fxglory.com/audusd-analysis-for-13-10-2016/

### USDCAD analysis for 12.10.2016

The pair is finding support at 1.31900 with resistance at 1.32520 which the weekly pivot point at 1.32240 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. Long positions are recommended with the target at 1.3300.

https://fxglory.com/usdcad-analysis-for-12-10-2016/

https://fxglory.com/usdcad-analysis-for-12-10-2016/

### GBPUSD analysis for 12.10.2016

Brexit issue is putting GBP under pressure. The support rests at 1.21950 with resistance at 1.2390 which the weekly pivot point at 1.23710 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The 1.21 level seems a strong support area. The pair will start its correction pattern soon.

https://fxglory.com/gbpusd-analysis-for-12-10-2016/

https://fxglory.com/gbpusd-analysis-for-12-10-2016/

### EURUSD analysis for 12.10.2016

EUR is getting power due to the positive Economic Sentiment report in Germany and at the same time, USD is being supported regarding the hope for the Fed rate-hike. The support rests at 1.10370 with resistance at 1.10610 which both lines are below the weekly pivot point at 1.11820. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area and has reached the oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. The pair is creating its recovery pattern targeting 1.1130.

https://fxglory.com/eurusd-analysis-for-12-10-2016/

https://fxglory.com/eurusd-analysis-for-12-10-2016/

## Tuesday, October 11, 2016

### NZDUSD analysis for 11.10.2016

NZDUSD is falling down the descendant channel. The support rests in 0.70290 with resistance at 0.71290 which both lines are below the weekly pivot point at 0.71950. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving horizontally in oversold area, the MACD indicator is negative territory and the Stochastic is showing downward momentum. Short positions are recommended targeting 0.7050.

https://fxglory.com/nzdusd-analysis-for-11-10-2016/

https://fxglory.com/nzdusd-analysis-for-11-10-2016/

### USDJPY analysis for 11.10.2016

The pair is still climbing up the ascendant channel. The support rests at 103.730 with resistance at 104.090 which both lines are above the weekly pivot point at 102.690. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in its high ranges and the MACD indicator is in positive territory heading down. Long positions are recommended targeting 104.14.

https://fxglory.com/usdjpy-analysis-for-11-10-2016/

https://fxglory.com/usdjpy-analysis-for-11-10-2016/

### EURUSD analysis for 11.10.2016

EURUSD is under the influence of the presidential debates while considering that the Japanese, Canadian and USA markets were closed. The support rests at 1.11120 with resistance at 1.11480 which both lines are below the weekly pivot point at 1.11820. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area and has reached the oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. The chart seems bearish targeting 1.1100.

https://fxglory.com/eurusd-analysis-for-11-10-2016/

https://fxglory.com/eurusd-analysis-for-11-10-2016/

## Friday, October 7, 2016

### EURUSD analysis for 07.10.2016

EURUSD is falling sharply due to the Liikanen’s comments. The support rests at 1.10940 with resistance at 1.11460 which both lines are below the weekly pivot point at 1.12240. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area and has reached the oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. Despite the pair’s sharp decline, it is not going to break through the support level therefore the correction pattern will begin soon targeting 1.12 area.

https://fxglory.com/eurusd-analysis-for-07-10-2016/

https://fxglory.com/eurusd-analysis-for-07-10-2016/

### USDCAD analysis for 07.10.2016

USDCAD is climbing up the ascendant channel due to the strong USD. The pair is finding support at 1.32100 with resistance at 1.32700 which both lines are above the weekly pivot point at 1.31500. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. Long positions are recommended targeting 1.3280.

https://fxglory.com/usdcad-analysis-for-07-10-2016/

https://fxglory.com/usdcad-analysis-for-07-10-2016/

### GBPUSD analysis for 07.10.2016

GBPUSD is still under the influence of Brexit-related issues. The support rests at 1.23100 with resistance at 1.25080 which both lines are below the weekly pivot point at 1.29820. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. Now that GBPUSD has fallen down, it will grow back soon targeting the resistance area.

https://fxglory.com/gbpusd-analysis-for-07-10-2016/

https://fxglory.com/gbpusd-analysis-for-07-10-2016/

### USDJPY analysis for 06.10.2016

USDJPY is growing sharply along the ascendant channel. The support rests at 103.260 with resistance at 103.800 which both lines are above the weekly pivot point at 101.070. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in its high ranges and the MACD indicator is in positive territory heading up. The 103.8 area seems such a strong resistance zone, so pullbacks can happen at any time when the breakout occurs.

https://fxglory.com/usdjpy-analysis-for-06-10-2016/

https://fxglory.com/usdjpy-analysis-for-06-10-2016/

### NZDUSD analysis for 06.10.2016

NZDUSD is falling down the descendant channel. The support rests in 0.71410 with resistance at 0.71870 which both lines are below the weekly pivot point at 0.72760. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving horizontally in oversold area, the MACD indicator is negative territory and the Stochastic is showing downward momentum. The support level seems to be really strong therefor the pair may start its growth at any time soon.

https://fxglory.com/nzdusd-analysis-for-06-10-2016/

https://fxglory.com/nzdusd-analysis-for-06-10-2016/

### EURUSD analysis for 06.10.2016

There have been no important economic reports in the EU however, EURUSD is falling down. The support rests at 1.11910 with resistance at 1.12090 which both lines are below the weekly pivot point at 1.12240. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. Sellers can target 1.117 area at the moment.

https://fxglory.com/eurusd-analysis-for-06-10-2016/

https://fxglory.com/eurusd-analysis-for-06-10-2016/

## Wednesday, October 5, 2016

### AUDUSD analysis for 05.10.2016

AUDUSD is massively under the influence of RBA’s decision leaving the rate unchanged. The support rests in 0.75970 with resistance at 0.76450 which both lines are below the weekly pivot point at 0.76510. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is positive territory heading down and the Stochastic is moving horizontally in its low ranges. The pair may continue its bullish trend targeting 0.7650.

https://fxglory.com/audusd-analysis-for-05-10-2016/

https://fxglory.com/audusd-analysis-for-05-10-2016/

### EURUSD analysis for 05.10.2016

Today EURUSD continued its bullish trend to recover from yesterday’s drop. The support rests at 1.11980 with resistance at 1.12380 which the weekly pivot point at 1.12240 is located in between the lines. The EMA of 10 is moving with bullish bias growing towards the EMA of 100. The RSI is moving above the 50 area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory heading down. There is no clear signal on this chart for traders at the moment therefore it can rest until better signals appear.

https://fxglory.com/eurusd-analysis-for-05-10-2016/

https://fxglory.com/eurusd-analysis-for-05-10-2016/

### USDJPY analysis for 05.10.2016

By the risk-appetite growth, JPY fell. The support rests at 102.610 with resistance at 103.050 which both lines are above the weekly pivot point at 101.070. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in its high ranges and the MACD indicator is in positive territory heading up. The chart seems bullish at the moment, long positions are recommended with the target at resistance zone.

https://fxglory.com/usdjpy-analysis-for-05-10-2016/

https://fxglory.com/usdjpy-analysis-for-05-10-2016/

## Tuesday, October 4, 2016

### USDCAD analysis for 04.10.2016

USDCAD is chiefly under the influence of oil prices. The pair is finding support at 1.31110 with resistance at 1.31790 which the weekly pivot point at 1.31500 is located in between the lines. The EMA of 10 is moving with bullish bias and it has reached the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in negative territory heading up and the Stochastic is showing upward momentum. Long positions are recommended with the target at 1.3200.

https://fxglory.com/usdcad-analysis-for-04-10-2016/

https://fxglory.com/usdcad-analysis-for-04-10-2016/

### GBPUSD analysis for 04.10.2016

As the positive Manufacturing PMI was released, GBP lost its power. The support rests at 1.27370 with resistance at 1.28660 which both lines are below the weekly pivot point at 1.29820. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving in oversold area, the Stochastic is located on its lowest rate and the MACD indicator is in negative territory. Further decline is to come targeting 1.270 area.

https://fxglory.com/gbpusd-analysis-for-04-10-2016/

https://fxglory.com/gbpusd-analysis-for-04-10-2016/

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