Friday, September 29, 2017

USDJPY analysis for 29.09.2017

Japan is publishing Inflation Rate YoY, Unemployment Rate and Housing Starts YoY along with the US releasing Revised UoM Consumer Sentiment, Chicago PMI and Core PCE Price Index m/m. The support rests at 112.360 with resistance at 112.780 which both lines are above the weekly pivot point at 111.890. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The 112 area seems to be a strong supportive level therefore buyers can target 113. https://fxglory.com/usdjpy-analysis-for-29-09-2017/

NZDUSD analysis for 29.09.2017

NZDUSD is chiefly under the influence of the US economic reports. If U.S. Final GDP report comes out strong, NZDUSD will decline. The support rests at 0.71950 with resistance at 0.72350 which both lines are below the weekly pivot point at 0.73360. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend. Short positions are recommended towards 0.710. https://fxglory.com/nzdusd-analysis-for-29-09-2017/

EURUSD analysis for 29.09.2017

EURUSD is under the influence of some economic reports such as German Retail Sales and Unemployment Rate in Eurozone and Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income and Personal Spending data in the US. The support rests at 1.17660 with resistance at 1.18020 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.19. https://fxglory.com/eurusd-analysis-for-29-09-2017/

Thursday, September 28, 2017

GBPUSD analysis for 28.09.2017

GBPUSD has been under the influence of Fed’s decision regarding the rate hikes. The support rests at 1.33470 with resistance at 1.34190 which both lines are below the weekly pivot point at 1.35300. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and MACD indicator is in negative territory. The ADX is showing sell signals. The support area seems to be too strong to be broken, so GBPUSD will continue its bullish trend in the ascendant channel targeting 1.35. https://fxglory.com/gbpusd-analysis-for-28-09-2017/

EURUSD analysis for 28.09.2017

USD has been supported by the Fed and the CPI data. There are no major economic reports in Eurozone but traders are waiting for the Final GDP data from the US. The support rests at 1.17110 with resistance at 1.17610 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals. If the GDP reports come out strong, the pair will drop to 1.15 otherwise it will start its correction pattern towards 1.18. https://fxglory.com/eurusd-analysis-for-28-09-2017/

AUDUSD analysis for 28.09.2017

USD has been supported by the Core Durable Goods data and the talks of tax reform. The support rests at 0.77910 with resistance at 0.78690 which both lines are below the weekly pivot point at 0.79900. The EMA of 10 is moving with bearish bias within the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. AUDUSD will continue its bearish trend towards 0.7750. https://fxglory.com/audusd-analysis-for-28-09-2017/

Wednesday, September 27, 2017

USDJPY analysis for 27.09.2017

The US is releasing Crude Oil Inventories, Pending Home Sales m/m, Durable Goods Orders m/m and Core Durable Goods Orders m/m while Japan is not publishing any economic data. The support rests at 112.180 with resistance at 112.800 which both lines are above the weekly pivot point at 111.890. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 114 area. https://fxglory.com/usdjpy-analysis-for-27-09-2017/

Gold analysis for 27.09.2017

Being influenced by the North Korea and the US threats, Gold dropped to 1200 area. The support rests at 1288.54 with resistance at 1300.55 which both lines are below the weekly pivot point at 1304.23. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Gold will continue its bearish trend towards 1280. https://fxglory.com/11612/

EURUSD analysis for 27.09.2017

EURUSD has been falling down after Yellen’s speech and today there are no economic reports in Eurozone but the US is publishing the core durable goods orders data and pending homes sales data. The support rests at 1.17540 with resistance at 1.17900 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals. The support level breakthrough will drag the price down to 1.15 area. https://fxglory.com/eurusd-analysis-for-27-09-2017/

Tuesday, September 26, 2017

USDCAD analysis for 26.09.2017

USD is acting weaker against its Canadian counterpart. The pair is finding support at 1.23530 with resistance at 1.23930 which both lines are above the weekly pivot point at 1.22990. The EMA of 10 is moving with bullish bias along the ascendant channel but it is located below the EMA of 200 and above the EMA of 100. The RSI is rising towards the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 1.25 https://fxglory.com/usdcad-analysis-for-26-09-2017/

GBPUSD analysis for 26.09.2017

GBP is under pressure because of the North Korea issue which has led to the gold price growth. Brexit is also another influential matter for GBPUSD. The support rests at 1.34660 with resistance at 1.35490 which the weekly pivot point at 1.35300 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and MACD indicator is in neutral territory. The ADX is not showing any clear signals. Long positions are recommended towards 1.36. https://fxglory.com/gbpusd-analysis-for-26-09-2017/

EURUSD analysis for 26.09.2017

EUR crashed yesterday due to the German election. Today EURUSD is under the influence of Fed Chief Yellen’s speech. The support rests at 1.18340 with resistance at 1.18590 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is moving in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals. EURUSD will continue its decline towards 1.1750. https://fxglory.com/eurusd-analysis-for-26-09-2017/

Monday, September 25, 2017

USDJPY analysis for 25.09.2017

Japan is releasing the Flash Manufacturing PMI data while the US is not publishing any economic data. The support rests at 112.08 with resistance at 112.660 which both lines are above the weekly pivot point at 111.860. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Despite the pair’s attempt to fall, USDJPY will continue its bullish trend towards 113. https://fxglory.com/usdjpy-analysis-for-25-09-2017/

USDCHF analysis for 25.09.2017

Switzerland has published Current Account which the only economic report for USDCHF. The support rests at 0.96910 with resistance at 0.97360 which both lines are above the weekly pivot point at 0.96730. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Long positions are recommended towards 0.9757. https://fxglory.com/usdchf-analysis-for-25-09-2017/

EURUSD analysis for 25.09.2017

The ECB President speech and the German election today are the most influential events for EURUSD. The support rests at 1.18970 with resistance at 1.19400 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Short positions are recommended targeting 1.1850. https://fxglory.com/eurusd-analysis-for-25-09-2017/

Friday, September 22, 2017

NZDUSD analysis for 22.09.2017

NZD has been under pressure after the Federal Reserve suggestion regarding staying aside. The support rests at 0.72780 with resistance at 0.73310 which both lines are above the weekly pivot point at 0.72640. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and 200. The RSI is rising towards the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The resistance level breakout will push the price up towards 0.75 area; otherwise it will drop to 0.72. https://fxglory.com/11578/

GBPUSD analysis for 22.09.2017

FOMC announcement could not support USD to create the correction pattern and GBP is still under the influence of the Brexist issue. The support rests at 1.35650 with resistance at 1.36220 which both lines are above the weekly pivot point at 1.34480. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and MACD indicator is in positive territory. The ADX is not showing any clear signals. The resistance level breakout is a good sign for buyers to target 1.37. https://fxglory.com/gbpusd-analysis-for-22-09-2017/

EURUSD analysis for 22.09.2017

EURUSD started its bullish trend after the Fed accouncement regarding the rate hike in December. The support rests at 1.19450 with resistance at 1.19950 which both lines are below the weekly pivot point at 1.19360. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. Long positions are recommended targeting 1.21. https://fxglory.com/eurusd-analysis-for-22-09-2017/

Thursday, September 21, 2017

USDJPY analysis for 21.09.2017

BOJ has released Interest Rate Decision today and the US will publish Initial Jobless Claims. The support rests at 112.230 with resistance at 112.670 which both lines are above the weekly pivot point at 110.080. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended targeting 114. https://fxglory.com/usdjpy-analysis-for-21-09-2017/

EURUSD analysis for 21.09.2017

EURUSD crashed due to yesterday’s FOMC statement and today it will stay volatile because of several economic reports such as the US Unemployment Data and ECB President Draghi’s speech. The support rests at 1.18550 with resistance at 1.19050 which both lines are below the weekly pivot point at 1.19360. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The resistance level breakout will smooth the way for the pair to continue its bullish trend towards 1.25; otherwise, it will drop to 1.182. https://fxglory.com/eurusd-analysis-for-21-09-2017/

AUDUSD analysis for 21.09.2017

AUD has been supported by the Reserve Bank of Australia (RBA) Assistant’s speech. The support rests at 0.79340 with resistance at 0.79940 which both lines are below the weekly pivot point at 0.80040. The EMA of 10 is moving with bearish bias within the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The support level seems to be too strong to be broken therefore AUDUSD will start its correction pattern after the sudden decline to grow towards 0.8 area. https://fxglory.com/audusd-analysis-for-21-09-2017/

Gold analysis for 20.09.2017

Gold price stayed unchanged yesterday and today traders are waiting for the US Federal Reserve announcement. The support rests at 1310.87 with resistance at 1317.35 which both lines are below the weekly pivot point at 1329.77. The EMA of 10 is moving with bearish bias along the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. While Gold price direction depends on the US Federal Reserve announcement, at the moment, sellers can target 1300. https://fxglory.com/gold-analysis-for-20-09-2017/

GBPUSD analysis for 20.09.2017

The Federal Reserve decision regarding the interest rates is the most influential event for GBPUSD along with the Brexit issue. The support rests at 1.34950 with resistance at 1.35390 which both lines are above the weekly pivot point at 1.34480. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and MACD indicator is in positive territory. The ADX is showing weak buy signals. While considering pullbacks on the way, buyers can target 1.37. https://fxglory.com/gbpusd-analysis-for-20-09-2017/

EURUSD analysis for 20.09.2017

EUR has been empowered by ZEW survey of economic sentiment and USD has been chiefly under the influence of Trump’s comments regarding the North Korea issue. The support rests at 1.19760 with resistance at 1.20340 which both lines are above the weekly pivot point at 1.19360. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. EURUSD will continue its bullish trend towards 1.21 area. https://fxglory.com/eurusd-analysis-for-20-09-2017/

Tuesday, September 19, 2017

USDJPY analysis for 19.09.2017

The US is publishing Import Prices m/m, Housing Starts, Current Account, and Building Permits while Japan is not releasing any economic reports. The support rests at 111.250 with resistance at 111.850 which both lines are above the weekly pivot point at 110.080. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. USDJPY is moving with bullish bias targeting 114.50. https://fxglory.com/usdjpy-analysis-for-19-09-2017/

USDCAD analysis for 19.09.2017

USDCAD is chiefly under the influence of the oil price and the US economic reports such as Building Permits and Import and Export Prices MoM. The pair is finding support at 1.22590 with resistance at 1.23290 which both lines are above the weekly pivot point at 1.21710. The EMA of 10 is moving with bullish bias along the ascendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The resistance level seems to be too strong to be broken therefore sellers can target 1.2170. https://fxglory.com/usdcad-analysis-for-19-09-2017/

EURUSD analysis for 19.09.2017

There are no major economic reports in the US or Eurozone therefore traders are looking for Trump’s speech at the United Nations. The support rests at 1.19540 with resistance at 1.20200 which both lines are above the weekly pivot point at 1.19360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended targeting 1.21. https://fxglory.com/eurusd-analysis-for-19-09-2017/

USDCHF analysis for 18.09.2017

There are no influential events or economic reports for USDCHF; only, the US is publishing NAHB Housing Market Index and Foreign Bond Investment. The support rests at 0.95880 with resistance at 0.96220 which the weekly pivot point at 0.95980 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 200 and 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 ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 1.009 area otherwise it will drop to 0.9443. https://fxglory.com/usdchf-analysis-for-18-09-2017/

GBPUSD analysis for 18.09.2017

The hawkish BOE and the Brexit issue seem to be supporting GBP. The support rests at 1.35640 with resistance at 1.36920 which both lines are above the weekly pivot point at 1.34480. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.37. https://fxglory.com/gbpusd-analysis-for-18-09-2017/

EURUSD analysis for 18.09.2017

While USD was under pressure due to PPI and retail sales data, it gained momentum by inflation data and that is the reason of why EURUSD has stayed in middle ranges. The support rests at 1.19270 with resistance at 1.19610 which the weekly pivot point at 1.19360 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Short term traders can target 1.190 area; however, buyers can also wait for 1.20 area while considering pullbacks on the way. https://fxglory.com/eurusd-analysis-for-18-09-2017/

USDJPY analysis for 15.09.2017

JPY is staying neutral against USD which is volatile due to the several economic reports which will be released in the US. The support rests at 110.130 with resistance at 110.850 which both lines are above the weekly pivot point at 108.360. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. It seems that the pair will continue its bullish trend towards 111.5. https://fxglory.com/usdjpy-analysis-for-15-09-2017/

EURUSD analysis for 15.09.2017

There are no major economic reports in Eurozone however the US is publishing Retail Sales and Empire State Manufacturing Index. The support rests at 1.18920 with resistance at 1.19370 which both lines are below the weekly pivot point at 1.19970. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Long positions are recommended towards the 61.8 level of Fibonacci. https://fxglory.com/eurusd-analysis-for-15-09-2017/

AUDUSD analysis for 15.09.2017

AUDUSD is chiefly under the influence of North Korea’s plan about launching missiles over Japan. The support rests at 0.79800 with resistance at 0.80040 which both lines are below the weekly pivot point at 0.80390. The EMA of 10 is moving with bearish bias within the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.805. https://fxglory.com/audusd-analysis-for-15-09-2017/

Thursday, September 14, 2017

NZDUSD analysis for 14.09.2017

New Zealand is not publishing any economic reports but the US is releasing Core Inflation Rate YoY and Initial Jobless Claims. The support rests in 0.72200 with resistance at 0.72440 which the weekly pivot point at 0.72890 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended towards 0.719. https://fxglory.com/nzdusd-analysis-for-14-09-2017/

GBPUSD analysis for 14.09.2017

GBPUSD fell due to the weak index data from the UK. Today the GBPUSD market will be volatile due to BOE rate announcement. The US is also publishing CPI data. The support rests at 1.31920 with resistance at 1.32400 which both lines are above the weekly pivot point at 1.31070. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving in 50 level, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The indicators are not presenting clear signal therefore it is better to wait for better chart set up. https://fxglory.com/gbpusd-analysis-for-14-09-2017/

EURUSD analysis for 14.09.2017

Despite the weak PPI data, USD was empowered and started the correction pattern towards 1.18 area. The support rests at 1.18550 with resistance at 1.18920 which both lines are below the weekly pivot point at 1.19970. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. Sellers can target 1.78 area. https://fxglory.com/eurusd-analysis-for-14-09-2017/

Tuesday, September 12, 2017

GBPUSD analysis for 12.09.2017

GBP has been acting strong among other currencies and traders are waiting for BOE announcement regarding the rate hike. The support rests at 1.31530 with resistance at 1.32440 which both lines are above the weekly pivot point at 1.31070. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and MACD indicator is in positive territory. The ADX is showing buy signals. GBPUSD will continue its bullish trend towards 1.3250. https://fxglory.com/gbpusd-analysis-for-12-09-2017/

EURUSD analysis for 12.09.2017

As USD is empowered by the lack of threats from North Korea, it gets weakended because of the US hurricane. The support rests at 1.19390 with resistance at 1.19790 which both lines are below the weekly pivot point at 1.19970. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing weak sell signals. Long positions are recommended targeting 1.20. https://fxglory.com/eurusd-analysis-for-12-09-2017/

AUDUSD analysis for 12.09.2017

Australia has published NAB Business Confidence and the US will release JOLTs Job Openings. The support rests at 0.80010 with resistance at 0.80750 which the weekly pivot point at 0.80390 is located in between the lines. The EMA of 10 is moving with bearish bias but it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing sell signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The support area seems to be too strong to be broken therefore buyers can target 0.81. https://fxglory.com/audusd-analysis-for-12-09-2017/

Monday, September 11, 2017

USDJPY analysis for 11.09.2017

While the US is not publishing any economic data, Japan is releasing the Prelim Machine Tool Orders y/y, Tertiary Industry Activity m/m, M2 Money Stock y/y and Core Machinery Orders. The support rests at 108.230 with resistance at 108.710 which the weekly pivot point at 108.360 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The resistance area seems to be too strong to be broken therefore short positions are recommended towards 107.5. https://fxglory.com/usdjpy-analysis-for-11-09-2017/

USDCAD analysis for 11.09.2017

CAD has been weakened due to the poor economic data. The pair is finding support at 1.21100 with resistance at 1.21720 which both lines are below the weekly pivot point at 1.22130. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving horizontally in oversold area, the MACD indicator is in negative territory and the Stochastic is moving in high ranges. The ADX is showing weak sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Short positions are recommended towards 1.20. https://fxglory.com/usdcad-analysis-for-11-09-2017/

EURUSD analysis for 11.09.2017

EURUSD is moving with bullish bias as a result of Draghi’s comments. Today there are no major economic reports in Eurozone and the US. The support rests at 1.19770 with resistance at 1.20280 which the weekly pivot point at 1.19970 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing weak sell signals. Short positions are recommended towards 1.18 area. https://fxglory.com/eurusd-analysis-for-11-09-2017/

Friday, September 8, 2017

USDCHF analysis for 08.09.2017

Switzerland is publishing Unemployment Rate and the US will release Fed Harker Speech. The support rests at 0.94300 with resistance at 0.94840 which both lines are below the weekly pivot point at 0.95830. The EMA of 10 is moving with bearish bias along the descendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Short positions are recommended towards 0.9370. https://fxglory.com/usdchf-analysis-for-08-09-2017/

GBPUSD analysis for 08.09.2017

GBPUSD has been under the influence of EURUSD’s bullish movement which supported GBPUSD as well. The support rests at 1.30850 with resistance at 1.31610 which both lines are above the weekly pivot point at 1.29320. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.3250. https://fxglory.com/gbpusd-analysis-for-08-09-2017/

EURUSD analysis for 08.09.2017

Draghi’s comments could not weaken EUR, however, USD is acting weak against EUR. The support rests at 1.19940 with resistance at 1.20970 which both lines are above the weekly pivot point at 1.19180. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The market will continue its bullish trend towards 1.25. https://fxglory.com/eurusd-analysis-for-08-09-2017/

Thursday, September 7, 2017

USDJPY analysis for 07.09.2017

Japan is releasing the Leading Indicators and 30-y Bond Auction data and the US will publish Crude Oil Inventories, Natural Gas Storage, Revised Nonfarm Productivity q/q and Unemployment Claims. The support rests at 108.880 with resistance at 109.300 which both lines are below the weekly pivot point at 109.720. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The support level breakthrough will smooth the way for further decline towards 105 area otherwise the price will grow to 109.45. https://fxglory.com/usdjpy-analysis-for-07-09-2017/

NZDUSD analysis for 07.09.2017

There are no major economic reports in New Zealand but the US is publishing Initial Jobless Claims and Fed Mester Speech. The support rests at 0.71690 with resistance at 0.72120 which the weekly pivot point at 0.71940 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended towards 0.7150. https://fxglory.com/nzdusd-analysis-for-07-09-2017/

EURUSD analysis for 07.09.2017

The North Korea issue is putting pressure on USD. EUR’s power strongly depends on Draghi’s press conference. The support rests at 1.19090 with resistance at 1.19390 which the weekly pivot point at 1.19180 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended targeting 1.20. https://fxglory.com/eurusd-analysis-for-07-09-2017/

Wednesday, September 6, 2017

GBPUSD analysis for 06.09.2017

Due to the US long weekend, GBP has been the strongest currency. Today the UK is not publishing any economic reports. The support rests at 1.30180 with resistance at 1.30530 which both lines are above the weekly pivot point at 1.29320. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and MACD indicator is in positive territory. The ADX is not showing any clear signals. The resistance area seems to be too strong to be broken, therefore short positions are recommended towards 1.29. https://fxglory.com/gbpusd-analysis-for-06-09-2017/

EURUSD analysis for 06.09.2017

As the prices of Gold and Oil increase, they put more pressure on USD. Today, there are no major economic reports in Eurozone, but the US is publishing ISM Manufacturing data. The support rests at 1.18920 with resistance at 1.19640 which the weekly pivot point at 1.19180 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended targeting 1.20. https://fxglory.com/eurusd-analysis-for-06-09-2017/