Friday, January 26, 2018

USDCHF analysis for 26.01.2018

Switzerland has published World Economic Forum Annual Meeting and the US will release GDP Growth Rate QoQ Adv and Durable Goods Orders MoM. The support rests at 0.93100 with resistance at 0.94210 which both lines are below the weekly pivot point at 0.96180. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the 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 is showing a downward trend and the Kijun-sen is showing a horizontal trend. The price is falling down towards 0.924. https://fxglory.com/usdchf-analysis-for-26-01-2018/

GBPUSD analysis for 26.01.2018

The US Treasury Secretary comments supported GBP against the weak USD. The support rests at 1.41520 with resistance at 1.42840 which both lines are above the weekly pivot point at 1.38390. 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 rising towards the overbought area, the Stochastic is showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signal. Long positions are recommended towards the upper Bollinger band 1.44. https://fxglory.com/gbpusd-analysis-for-26-01-2018/

EURUSD analysis for 26.01.2018

USD was weakened again as a result of the US Treasury Secretary comments. The support rests at 1.24040 with resistance at 1.24960 which both lines are above the weekly pivot point at 1.22340. 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 low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. While 1.24 will remain the floor of the market, EURUSD will rise towards 1.26. https://fxglory.com/eurusd-analysis-for-26-01-2018/

Thursday, January 25, 2018

USDJPY analysis for 25.01.2018

Japan is not releasing any economic reports but the US will publish Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. The support rests at 108.690 with resistance at 109.350 which both lines are below the weekly pivot point at 110.820. 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 oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. Short positions are recommended towards 107. https://fxglory.com/usdjpy-analysis-for-25-01-2018/

Gold analysis for 25.01.2018

The USD weakness along with the serious threats of global inflation have helped gold to grow towards high levels. The support rests at 1352.77 with resistance at 1367.04 which both lines are above the weekly pivot point at 1334.13. 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. While there might be several pullbacks on the way, Gold will continue its bullish trend targeting 1400. https://fxglory.com/gold-analysis-for-25-01-2018/

EURUSD analysis for 25.01.2018

USD is staying weak while EUR is getting empowered. Today, Draghi press conference may stop EUR from further rise. The support rests at 1.23910 with resistance at 1.24620 which both lines are above the weekly pivot point at 1.22340. 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 signal. EURUSD will continue its bullish trend towards 1.25 however pullbacks will be observed with the support line of 1.23. https://fxglory.com/eurusd-analysis-for-25-01-2018/

Wednesday, January 24, 2018

USDCAD analysis for 24.01.2018

The Bank of Canada raised interest rates last week which it brought volatility to the market. The US will release Existing Home Sales today. The pair is finding support at 1.23230 with resistance at 1.24170 which both lines are below the weekly pivot point at 1.24600. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and 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 showing downward momentum. The ADX is showing sell signal. 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 1.228. https://fxglory.com/usdcad-analysis-for-24-01-2018/

GBPUSD analysis for 24.01.2018

The Brexit is supporting GBP against the weak USD. The support rests at 1.39970 with resistance at 1.40830 which both lines are above the weekly pivot point at 1.38390. 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 showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signal. GBPUSD will continue its bullish trend targeting 1.415. https://fxglory.com/gbpusd-analysis-for-24-01-2018/

EURUSD analysis for 24.01.2018

USD is getting weak due to the new policies of the US and EUR is empowered by the economic reports in Eurozone. The support rests at 1.22860 with resistance at 1.23540 which both lines are above the weekly pivot point at 1.22340. 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 signal. Long positions are recommended towards 1.24. https://fxglory.com/eurusd-analysis-for-24-01-2018/

Tuesday, January 23, 2018

USDJPY analysis for 23.01.2018

Japan has released BoJ Interest Rate Decision and BoJ Quarterly Outlook Report but the US is not publishing any major economic reports. The support rests at 110.320 with resistance at 111.500 which the weekly pivot point at 110.820 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising above 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 indicators are not showing any strong trend direction therefore the support level breakthrough will smooth the way for further decline targeting 107 area, otherwise it will start its correction pattern towards 112.5. https://fxglory.com/usdjpy-analysis-for-23-01-2018/

EURUSD analysis for 23.01.2018

EURUSD has been consolidating in 1.22 area due to lack of fundamental and economic reports. There will be some volatility during the final days of the week. The support rests at 1.22470 with resistance at 1.22970 which both lines are above the weekly pivot point at 1.22340. 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 above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in the positive territory. The ADX is showing buy signal. We still remain bullish on this chart targeting 1.24. https://fxglory.com/eurusd-analysis-for-23-01-2018/

AUDUSD analysis for 23.01.2018

Gold is rising against the weak USD and this influences AUDUSD as well. The support rests in 0.79590 with resistance at 0.80330 which the weekly pivot point at 0.79730 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is falling below the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing buy 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. There are mixed signals presenting by the indicators. Most probably, AUDUSD will continue its bullish trend towards 0.81 but if the pullbacks begin, the price will decline targeting 0.78. https://fxglory.com/audusd-analysis-for-23-01-2018/

Thursday, January 18, 2018

Gold analysis for 18.01.2018

Gold is losing momentum since yesterday trading session. The support rests at 1323.44 with resistance at 1334.04 which the weekly pivot point at 1327.93 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 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 showing sell signal. 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. Short positions are recommended towards 1309. https://fxglory.com/gold-analysis-for-18-01-2018/

GBPUSD analysis for 18.01.2018

GBP is keeping its power against the weak USD hoping for the positive impact from the Brexit talks and BOE decisions regarding the rate hikes. The support rests at 1.37830 with resistance at 1.38540 which both lines are above the weekly pivot point at 1.36420. 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 showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signals. Long positions are recommended towards 1.40. https://fxglory.com/gbpusd-analysis-for-18-01-2018/

EURUSD analysis for 18.01.2018

USD gained momentum yesterday but it was not enough to create a correction pattern. The support rests at 1.21600 with resistance at 1.22190 which both lines are above the weekly pivot point at 1.21100. 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 moving on 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 may drop towards the lower Bollinger band but long term traders can target 1.24. https://fxglory.com/eurusd-analysis-for-18-01-2018/

Tuesday, January 16, 2018

GBPUSD analysis for 16.01.2018

The USD weakness has led to the GBPUSD bullish chart. The crucial inflation data from the UK is the most influential event for today. The support rests at 1.37550 with resistance at 1.38140 which both lines are above the weekly pivot point at 1.36420. The EMA of 10 is moving with bullish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing downward momentum and MACD line is above the signal line in the positive territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.3846. https://fxglory.com/gbpusd-analysis-for-16-01-2018/

EURUSD analysis for 16.01.2018

The USD bears are still weakening this currency and on the other hand, EUR is gaining power. The support rests at 1.22020 with resistance at 1.22890 which both lines are above the weekly pivot point at 1.21100. 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 showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing weak buy signal. The support level breakthrough will push the price down towards 0.21 however, this would remain the floor of the market and EURUSD will continue its bullish trend towards 1.235. https://fxglory.com/eurusd-analysis-for-16-01-2018/

AUDUSD analysis for 16.01.2018

Australia has published New Motor Vehicle Sales. The support rests at 0.79480 with resistance at 0.79820 which both lines are above the weekly pivot point at 0.78810. 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 MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. 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 0.81. https://fxglory.com/audusd-analysis-for-16-01-2018/

Monday, January 15, 2018

USDJPY analysis for 15.01.2018

While there are no economic reports in the US, Japan has published M2 Money Stock y/y data. The support rests at 110.580 with resistance at 110.920 which both lines are below the weekly pivot point at 111.76. 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 oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price will decline within Andrews’ pitchfork targeting 109.5. https://fxglory.com/usdjpy-analysis-for-15-01-2018/

USDCHF analysis for 15.01.2018

USDCHF has been declining within the last recent months. The support rests at 0.96440 with resistance at 0.96840 which both lines are below the weekly pivot point at 0.97260. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the 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 horizontal trend. The price is falling down towards 0.9605. https://fxglory.com/usdchf-analysis-for-15-01-2018/

EURUSD analysis for 15.01.2018

The EURUSD chart will remain bullish due to the strong EUR and weak USD. Today is bank holiday in the US. The support rests at 1.21690 with resistance at 1.22440 which both lines are above the weekly pivot point at 1.21100. 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.24. https://fxglory.com/eurusd-analysis-for-15-01-2018/

Wednesday, January 10, 2018

USDJPY analysis for 10.01.2018

Japan has the 10-y Bond Auction and the US will release the crude oil inventories, the final wholesale inventories m/m and import prices m/m. The support rests at 111.720 with resistance at 112.420 which both lines are below the weekly pivot point at 112.80. 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 oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. All indicators are showing downward trend however, USDJPY is not going to break the 111.5 level, it will soon start its growth towards 113.5. https://fxglory.com/usdjpy-analysis-for-10-01-2018/

NZDUSD analysis for 10.01.2018

NZDUSD traders are watching U.S. economic news covering Import Prices and Final Wholesale Inventories. The support rests at 0.71450 with resistance at 0.72080 which both lines are above the weekly pivot point at 0.71360. 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 rising towards the overbought area, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. 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 0.73. https://fxglory.com/nzdusd-analysis-for-10-01-2018/

EURUSD analysis for 10.01.2018

Although no major economic reports were published, EURUSD fell on Tuesday session. The support rests at 1.19110 with resistance at 1.19650 which both lines are below the weekly pivot point at 1.20380. 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 in oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing poor sell signal. The pair is falling towards the lower Bollinger band at 1.190 but soon it will start its correction pattern towards 1.208. https://fxglory.com/eurusd-analysis-for-10-01-2018/

Monday, January 8, 2018

USDJPY analysis for 08.01.2018

There are no major economic reports in Japan but the US will release the Consumer Credit m/m data. The support rests at 113.040 with resistance at 113.360 which both lines are above the weekly pivot point at 112.80. 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 towards the overbought area, the Stochastic is showing upwards momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 114. https://fxglory.com/usdjpy-analysis-for-08-01-2018/

USDCHF analysis for 08.01.2018

Switzerland has published Inflation Rate YoY and Foreign Exchange Reserves and the US will release Consumer Inflation Expectations. The support rests at 0.97340 with resistance at 0.97790 which the weekly pivot point at 0.97450 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward 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 price is growing up towards 0.985. https://fxglory.com/usdchf-analysis-for-08-01-2018/

EURUSD analysis for 08.01.2018

Although last week was the week for the US economic reports, the impact on EURUSD was not significant. EUR is being supported by talks in Germany over Merkel’s seize for power. The support rests at 1.19900 with resistance at 1.20600 which the weekly pivot point at 1.20380 is located in between the lines. 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 oversold, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The pair is falling down in short term but it is not going to break the support line. Long term traders can go buy and target 1.21. https://fxglory.com/eurusd-analysis-for-08-01-2018/

Friday, January 5, 2018

GBPUSD analysis for 05.01.2018

While USD was losing power, there were not many economic reports in the UK to support GBP; however, The NFP data and employment data might support USD. The support rests at 1.35410 with resistance at 1.35770 which both lines are above the weekly pivot point at 1.34640. 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 falling towards the 50 level, the Stochastic is moving in high ranges and MACD line is below the signal line in the negative territory. The ADX is showing buy signals. The indicators are showing mixed signals; the price will be consolidating within the 1.35 and 1.36 areas; however, if USD is supported, the pair will drop to 1.33. https://fxglory.com/gbpusd-analysis-for-05-01-2018/

EURUSD analysis for 05.01.2018

The NFP data today will determine the price direction. The support rests at 1.20180 with resistance at 1.20790 which both lines are above the weekly pivot point at 1.19570. 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 falling towards 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. While 1.19 level remains the floor of the market, the price may fall towards the lower Bollinger band but it will finally continue its bullish trend towards 1.21. https://fxglory.com/eurusd-analysis-for-05-01-2018/

AUDUSD analysis for 05.01.2018

Australia has published Balance of Trade, Imports and Export MoM and the US will release Unemployment Rate, Balance of Trade and ISM Non-Manufacturing PMI. The support rests at 0.78240 with resistance at 0.78650 which both lines are above the weekly pivot point at 0.77800. 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 MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. The resistance level breakout will smooth the way for further growth towards 0.8 otherwise it will drop to 0.77. https://fxglory.com/audusd-analysis-for-05-01-2018/

Thursday, January 4, 2018

USDJPY analysis for 04.01.2018

Japan has published Nikkei Manufacturing PMI Final and the US will release ADP Non-Farm Employment Change, Unemployment Claims and Crude Oil Inventories. The support rests at 112.400 with resistance at 112.760 which both lines are below the weekly pivot point at 112.85. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The indicators are not showing any strong signals therefore the pair will be consolidating within the Bollinger bands. https://fxglory.com/usdjpy-analysis-for-04-01-2018/

USDCAD analysis for 04.01.2018

Raw Materials Price Index of Canada and ADP Non-Farm Employment Change, Unemployment Claims and Crude Oil Inventories from the US are the most influential economic reports for USDCAD. The pair is finding support at 1.24952 with resistance at 1.25490 which both lines are below the weekly pivot point at 1.26110. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is above the signal line in the positive 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 is showing a horizontal trend while the Kijun-sen is showing a downward trend. The support level breakthrough will smooth the way for further decline towards 0.23. https://fxglory.com/usdcad-analysis-for-04-01-2018/

EURUSD analysis for 04.01.2018

Dollar gained momentum after the FOMC meeting minutes and today ADP employment report from the US will be released. The support rests at 1.19980 with resistance at 1.20420 which both lines are above the weekly pivot point at 1.19570. 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 moving above 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 showing buy signal. Despite EURUSD effort to decline, 1.19 level is a strong support area therefore, long positions are recommended towards 1.21. https://fxglory.com/eurusd-analysis-for-04-01-2018/

Wednesday, January 3, 2018

USDCHF analysis for 03.01.2018

Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI is releasing today in Eurozone and the US will publish Final Manufacturing PMI. The support rests at 1.20010 with resistance at 1.20770 which both lines are above the weekly pivot point at 1.19570. 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. The pair will continue its bullish trend towards 1.21. https://fxglory.com/usdchf-analysis-for-03-01-2018/

GBPUSD analysis for 03.01.2018

Despite the weak economic reports in the UK, GBPUSD has been growing up. The support rests at 1.35750 with resistance at 1.36180 which both lines are above the weekly pivot point at 1.34640. 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 showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.365. https://fxglory.com/gbpusd-analysis-for-03-01-2018/

EURUSD analysis for 03.01.2018

Bulls are controlling the EURUSD chart and today the US starts its first trading day after New Year. The support rests at 1.20280 with resistance at 1.20700 which both lines are above the weekly pivot point at 1.19570. 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 showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. 1.20 area will remain the floor of the market and EURUSD will grow towards 1.21. https://fxglory.com/eurusd-analysis-for-03-01-2018/