Thursday, November 30, 2017

USDJPY analysis for 30.11.2017

Japan has released Industrial Production and the US will publish Personal Spending and Income MoM. The support rests at 111.860 with resistance at 112.600 which both lines are above the weekly pivot point at 111.750. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below 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 line is above the signal line in the positive territory. The ADX is showing buy signals. Long positions are recommended towards the 61.8 level of Fibonacci at 113.3. https://fxglory.com/usdjpy-analysis-for-30-11-2017/

USDCHF analysis for 30.11.2017

USDCHF is under the influence of some economic reports such as GDP Growth Rate YoY and KOF Leading Indicators for Switzerland and Personal Spending, Initial Jobless Claims and Chicago PMI for the US. The support rests at 0.98290 with resistance at 0.98950 which the weekly pivot point at 0.98390 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended towards 0.99. https://fxglory.com/usdchf-analysis-for-30-11-2017/

EURUSD analysis for 30.11.2017

The US tax reform program and rate hike in December are the most infuentail matters for EURUSD. The support rests at 1.18450 with resistance at 1.18840 which the weekly pivot point at 1.18600 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 horizontally on the 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is moving in lower Bollinger band, it will grow towards the upper side targeting 1.195. https://fxglory.com/eurusd-analysis-for-30-11-2017/

Thursday, November 23, 2017

USDCAD analysis for 23.11.2017

Canada is publishing Retail Sales MoM and the US is not releasing any economic reports. The pair is finding support at 1.26750 with resistance at 1.27220 which both lines are below the weekly pivot point at 1.27550. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. 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 1.25. https://fxglory.com/usdcad-analysis-for-23-11-2017/

GBPUSD analysis for 23.11.2017

GBP has been supported by the UK economic reports and USD has been under the influence of the FOMC minutes. The support rests at 1.32960 with resistance at 1.33440 which both lines are above the weekly pivot point at 1.31770. 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 line is above the signal line in the positive territory. The ADX is showing buy signals. Despite the pullbacks on the way, buyers can target 1.35. https://fxglory.com/gbpusd-analysis-for-23-11-2017/

EURUSD analysis for 23.11.2017

EURUSD started its bullish movement after the FOMC minutes and this pair will not be volatile due to the thanksgiving ahead. The support rests at 1.18070 with resistance at 1.18490 which both lines are above the weekly pivot point at 1.17610. 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 in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-23-11-2017/

Wednesday, November 22, 2017

USDJPY analysis for 22.11.2017

Japan is not releasing any economic data but the US will publish the core durable goods data and the FOMC minutes. The support rests at 111.920 with resistance at 112.420 which both lines are below the weekly pivot point at 112.640. 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Short positions are recommended towards 111.80. https://fxglory.com/usdjpy-analysis-for-22-11-2017/

NZDUSD analysis for 22.11.2017

New Zealand has published Visitor Arrivals YoY and the US will release Durable Goods Orders MoM, Initial Jobless Claims and FOMC Minutes. The support rests in 0.68100 with resistance at 0.68520 which the weekly pivot point at 0.68430 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel but it is below 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 downward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The indicators are showing mixed signals. The resistance level breakout will push the pair up towards 0.69; otherwise, it will continue its bearish trend targeting 0.65. https://fxglory.com/nzdusd-analysis-for-22-11-2017/

EURUSD analysis for 22.11.2017

As EUR is under pressure of German failure in coalition issue, USD will be supported by the core durable goods data and the FOMC minutes. The support rests at 1.17230 with resistance at 1.17550 which both lines are below the weekly pivot point at 1.17610. The EMA of 10 is moving with bearish bias in the descendant channel and 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 the MACD indicator is in neutral territory. The ADX is showing buy signals. The price is moving in the lower Bollinger band, therefore, in case of price decline, sellers can target 1.16 otherwise EURUSD will grow to 1.18. https://fxglory.com/eurusd-analysis-for-22-11-2017/

Tuesday, November 21, 2017

USDCHF analysis for 21.11.2017

Switzerland is publishing Balance of Trade and the US will release Existing Home Sales and Chicago Fed National Activity Index. The support rests at 0.99120 with resistance at 0.99420 which both lines are above the weekly pivot point at 0.99060. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. 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 an upward trend while the Kijun-sen is showing a horizontal trend. The pair is trying to go high towards 1.00 area but it seems to be too difficult. At the moment the resistance area is too strong to be broken therefore short positions are recommended towards 0.9847. https://fxglory.com/usdchf-analysis-for-21-11-2017/

GBPUSD analysis for 21.11.2017

The UK inflation report will be published soon while GBPUSD will be under the influence of the issues over Germany coalition and Brexit. The support rests at 1.32380 with resistance at 1.32640 which both lines are above the weekly pivot point at 1.31770. 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 above the 50 level, the Stochastic is moving in middle ranges and MACD line is above the signal line in the positive territory. The ADX is showing buy signals. The price is getting close to the upper Bollinger band which indicates the pullbacks on the way; however the bullish trend towards 1.35 area is the most probable scenario. https://fxglory.com/gbpusd-analysis-for-21-11-2017/

EURUSD analysis for 21.11.2017

The political instability over the Germany coalition is bringing a lot of volatility for EURUSD. The support rests at 1.17240 with resistance at 1.17520 which both lines are below the weekly pivot point at 1.17610. 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD will continue its bearish trend towards the 61.8 level of Fibonacci at 1.167. https://fxglory.com/eurusd-analysis-for-21-11-2017/

Monday, November 20, 2017

USDJPY analysis for 20.11.2017

Japan has released Trade Balance data, and the US will publish CB Leading Index m/m. The support rests at 111.900 with resistance at 112.180 which both lines are below the weekly pivot point at 112.640. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in negative territory. The ADX is showing sell signals. The support area seems to be too strong to be broken therefore long positions are recommended towards 113. https://fxglory.com/usdjpy-analysis-for-20-11-2017/

EURUSD analysis for 20.11.2017

Coalition talks failing in Germany has been the most influential event for EURUSD. The support rests at 1.17230 with resistance at 1.18170 which the weekly pivot point at 1.17610 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and 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 the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD may grow towards the upper Bollinger band at 1.184 and then fall towards 1.17. https://fxglory.com/eurusd-analysis-for-20-11-2017/

AUDUSD analysis for 20.11.2017

AUD has been under pressure due to the weak Australian Employment report and the interest rate differential between the US Treasury Bonds and the Australian Government Bonds. The support rests at 0.75450 with resistance at 0.75710 which both lines are below the weekly pivot point at 0.75880. 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 moving below the 50 level, the MACD line is above the signal line in positive 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 and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 0.74. https://fxglory.com/audusd-analysis-for-20-11-2017/

Friday, November 17, 2017

Gold analysis for 17.11.2017

Gold has been volatile for the last recent days. The support rests at 1280.31 with resistance at 1284.09 which both lines are above the weekly pivot point at 1276.70. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear 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 1300. https://fxglory.com/gold-analysis-for-17-11-2017/

GBPUSD analysis for 17.11.2017

Despite the weak economic reports in the UK, GBP has been moving strongly against the weak USD. The support rests at 1.32130 with resistance at 1.32510 which both lines are above the weekly pivot point at 1.31590. 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 1.333. https://fxglory.com/gbpusd-analysis-for-17-11-2017/

EURUSD analysis for 17.11.2017

Dollar has been under pressure due to the developments of missiles from North Korea and the issue with allegations of Russian intervention in the US Presidential elections. The support rests at 1.17770 with resistance at 1.18150 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The indicators are showing mixed signals, if the support are is broken, it will drop to 1.15 area otherwise it will grow to 1.20. https://fxglory.com/eurusd-analysis-for-17-11-2017/

Thursday, November 16, 2017

USDJPY analysis for 16.11.2017

Japan is not releasing any economic data but the US will publish Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Unemployment Claims and Import Prices m/m. The support rests at 112.750 with resistance at 113.440 which both lines are below the weekly pivot point at 113.770. The EMA of 10 is moving with bearish bias in 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. Currently USDJPY is creating a correction pattern after the previous decline at 112.464 and if it breaks the resistance area, it will move within Andrews’ pitchfork targeting 114.5; otherwise, it will drop to 112. https://fxglory.com/usdjpy-analysis-for-16-11-2017/

USDCHF analysis for 16.11.2017

Switzerland is not publishing any economic reports but the US will release Initial Jobless Claims and Export and import Prices MoM. The support rests at 0.98830 with resistance at 0.99100 which both lines are below the weekly pivot point at 0.99680. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is rising towards 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 and the Kijun-sen are both showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 0.997 area otherwise it will continue its bearish trend targeting 0.983. https://fxglory.com/usdchf-analysis-for-16-11-2017/

EURUSD analysis for 16.11.2017

EURUSD climbed up the ascendant channel but it could not go beyond 1.185. The Unemployment Rate in Eurozone will bring some volatility to the market. The support rests at 1.17740 with resistance at 1.18390 which both lines are above the weekly pivot point at 1.16310. 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 in the overbought area, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. EURUSD will continue its bullish trend towards 1.20. https://fxglory.com/eurusd-analysis-for-16-11-2017/

Wednesday, November 15, 2017

USDCAD analysis for 15.11.2017

Canada is publishing New Motor Vehicle Sales and the US will release Core Inflation Rate YoY and Retail Sales MoM. The pair is finding support at 1.26960 with resistance at 1.27550 which the weekly pivot point at 1.27230 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear 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. Short positions are recommended towards 1.25. https://fxglory.com/usdcad-analysis-for-15-11-2017/

GBPUSD analysis for 15.11.2017

GBP is under pressure due to the inflation data and the Brexit issue. The support rests at 1.31210 with resistance at 1.32130 which the weekly pivot point at 1.31590 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is rising above the 50 level, the Stochastic is showing downward momentum and MACD indicator is in neutral territory. The ADX is showing weak sell signals. The resistance level breakout will push the price up towards 1.35, otherwise it will drop to 1.30. https://fxglory.com/gbpusd-analysis-for-15-11-2017/

EURUSD analysis for 15.11.2017

Despite the strong economic reports in the US, EURUSD has been moving with bullish bias. Today also the US will release inflation data. The support rests at 1.17760 with resistance at 1.18040 which both lines are above the weekly pivot point at 1.16310. 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 in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-15-11-2017/

Tuesday, November 14, 2017

USDJPY analysis for 14.11.2017

Today BOJ Gov Kuroda Speaks and the US is publishing Core PPI m/m, PPI m/m, NFIB Small Business Index and Federal Budget Balance. The support rests at 113.500 with resistance at 113.850 which the weekly pivot point at 113.690 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving horizontally on 50 level, 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 towards 114.5. https://fxglory.com/usdjpy-analysis-for-14-11-2017/

EURUSD analysis for 14.11.2017

EUR and USD as both moving strongly. Today Draghi and Yellen’s speeches are the most influential events for EURUSD. The support rests at 1.16580 with resistance at 1.16820 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. 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. Buyers can target 1.17 area. https://fxglory.com/eurusd-analysis-for-14-11-2017/

AUDUSD analysis for 14.11.2017

Australia is has released NAB Business Confidence and later today the US will publish Core PPI MoM and Fed Bullard Speech. The support rests at 0.76190 with resistance at 0.76410 which both lines are below the weekly pivot point at 0.76610. 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 moving in oversold area, the MACD indicator is in negative territory and the Stochastic is showing upward. The ADX is showing weak sell signals. The price is below 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 level breakthrough will smooth the way for further decline towards 0.75. https://fxglory.com/audusd-analysis-for-14-11-2017/

Monday, November 13, 2017

NZDUSD analysis for 13.11.2017

There are no major economic reports in New Zealand but the US is publishing Monthly Budget Statement. The support rests at 0.69100 with resistance at 0.69480 which the weekly pivot point at 0.69270 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is 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 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 and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 0.6830. https://fxglory.com/nzdusd-analysis-for-13-11-2017/

GBPUSD analysis for 13.11.2017

USD was under pressure because of the delay in tax plan which gave an opportunity to GBP to grow. The support rests at 1.30840 with resistance at 1.31400 which both lines are below the weekly pivot point at 1.31590. 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 falling towards the oversold area, the Stochastic is showing downward momentum and MACD indicator is in neutral territory. The ADX is showing sell signals. GBPUSD is volatile and the price will be fluctuating within 1.30 and 1.31 ranges. https://fxglory.com/gbpusd-analysis-for-13-11-2017/

EURUSD analysis for 13.11.2017

There is a possibility of rate hike for December due to Harker’s announcement. The support rests at 1.16430 with resistance at 1.16670 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing sell signals. EURUSD may fall towards 1.16200 but buyers can target 1.1690. https://fxglory.com/eurusd-analysis-for-13-11-2017/