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/

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/

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/

EURUSD analysis for 04.10.2016

EURUSD had a sharp fall due to the renewed optimism regarding Deuts?he Bank. The support rests at 1.11580 with resistance at 1.12210 which both lines are below the weekly pivot point at 1.12240. The EMA of 10 is moving with bearish bias and it has reached the EMA of 100. The RSI is falling down below the 50 area, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. Further decline is expected targeting 1.1150.

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

USDJPY analysis for 03.10.2016

JPY was massively under the influence of oil price and the China manufacturing PMI. The support rests at 100.940 with resistance at 101.860 which both lines are below the monthly pivot point at 102.130. The EMA of 10 is moving with bullish bias and it is getting close to the EMA of 100. The RSI is moving close the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. After the support level breakthrough, sellers can target 100.40 area.

https://fxglory.com/usdjpy-analysis-for-03-10-2016/

NZDUSD analysis for 03.10.2016

Today NZDUSD fell but grew again to 0.727 area. The support rests in 0.72390 with resistance at 0.72840 which both lines are below the monthly pivot point at 0.73310. 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 MACD indicator is negative territory and the Stochastic is showing downward momentum. It seems that the 0.728 area is a strong resistance zone, the pair will fall back towards 0.725.

https://fxglory.com/nzdusd-analysis-for-03-10-2016/

EURUSD analysis for 03.10.2016

Despite the positive economic reports in the US. USD fell while EUR is also getting weak due to the European bank problems. The support rests at 1.12190 with resistance at 1.12490 which both lines are above the weekly pivot point at 1.12140. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is falling down on the 50 area, the Stochastic is moving in its low ranges and the MACD indicator is in neutral territory. It is time for EURUSD to grow back again targeting 1.1250.

https://fxglory.com/eurusd-analysis-for-03-10-2016/