- NZDUSD analysis for 05.09.2016

NZDUSD is under the influence of Non-Farm payrolls report. The support rests in 0.72850 with resistance at 0.73610 which both lines are above the monthly pivot point 0.72380. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is moving above the 50 level, close to the over-bought area, the MACD indicator is positive territory and the Stochastic is showing upward momentum. Long positions are recommended with the target at 0.7320.

https://fxglory.com/nzdusd-analysis-for-05-09-2016/

GBPUSD analysis for 02.09.2016

Manufacturing PMI in the UK supported the GBPUSD. The support rests at 1.32610 with resistance at 1.33010 which both lines are below the monthly pivot point at 1.31470. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100. The RSI is moving on overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory showing the price growth. The 1.33 level seems to be such a strong resistance zone, sellers can target 1.32 area at the moment.

https://fxglory.com/gbpusd-analysis-for-02-09-2016/

AUDUSD analysis for 02.09.2016

AUDUSD is being supported due to the Chinese Manufacturing PMI. The pair is finding support at 0.75350 with resistance at 0.75710 which both lines are below the weekly pivot point at 0.76010. The EMA of 10 is moving with bullish bias below the EMA of 100. The RSI is above the 50 level and the MACD indicator is in negative territory heading upward; however the Stochastic reached its maximum rate. Buyers can expect price growth towards the resistance zone at 0.7571.


https://fxglory.com/audusd-analysis-for-02-09-2016/

EURUSD analysis for 02.09.2016

USD is weakened against the strong EUR due to the U.S. Manufacturing PMI. The support rests at 1.11870 with resistance at 1.12150 which both lines are below the weekly pivot point at 1.12420. The EMA of 10 is moving with bullish bias along the ascendant channel and it is reaching the EMA of 100. The RSI is moving above the 50 area, the Stochastic reached its maximum rate and the MACD indicator is in negative territory. In terms of the bullish continuation the pair will reach 1.1270 otherwise sellers can target 1.107 area.

https://fxglory.com/eurusd-analysis-for-02-09-2016/

USDCAD analysis for 01.09.2016

CAD is losing its strength as the result of the US ADP employment survey and Canadian GDP for Q2. The pair is finding support at 1.30770 with resistance at 1.31290 which both lines are above the weekly pivot point at 1.29470. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100. The RSI is moving on over bought area and the MACD indicator is in positive territory however the Stochastic is indicating price fall. It is hard to predict the pair’s direction however the resistance level breakout will motivate buyers to target 1.3150 but the support level breakthrough will cheer the sellers up by targeting 1.3050.

https://fxglory.com/usdcad-analysis-for-01-09-2016/

USDJPY analysis for 01.09.2016

Due to the recent Fed officials’ speech and the US employment data, the USD is acting more powerful against the Japanese Yen. This pair is moving with bullish bias continuing the sudden growth of last week. The support rests at 102.950 with resistance at 103.470 which both lines are above the weekly pivot point at 101.220. The EMA of 10 is moving with bullish bias and it is crossing the EMA of 100. The RSI is moving on overbought area, the Stochastic is reached the maximum rate and is showing downward momentum and the MACD indicator is in positive territory. The pair may rise to 103.500 however there will be pullbacks soon towards 102 area.

https://fxglory.com/usdjpy-analysis-for-01-09-2016/

EURUSD analysis for 01.09.2016

The US ADP reports supported the Fed interest rate hike. The support rests at 1.11440 with resistance at 1.11700 which both lines are below the weekly pivot point at 1.12420. The EMA of 10 is moving with bearish bias along the descendant channel and has crossed the EMA of 100. The RSI is moving in oversold area, the Stochastic reached its maximum rate and now is showing downward momentum and the MACD indicator is in negative territory. EURUSD is under pressure at the moment therefore short positions are recommended with the target at 1.1070.

https://fxglory.com/eurusd-analysis-for-01-09-2016/