USDJPY analysis for 05.12.2016

JPY is acting weak against USD. The support rests at 113.030 with resistance at 114.030 which both lines are above the monthly pivot point at 110.050. The EMA of 10 is moving horizontally but it is located above the EMA of 200 and the EMA of 100. The RSI is rising towards higher ranges, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing a weak sell signal. The resistance level breakout will push the pair to higher ranges targeting 115 area.

https://fxglory.com/usdjpy-analysis-for-05-12-2016/

EURUSD analysis for 05.12.2016

Germany bonds market left a negative impact on EUR on Friday. The support rests at 1.05180 with resistance at 1.06050 which both lines are below the weekly pivot point at 1.06480. 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 moving in low ranges and the MACD indicator is in neutral territory. The ADX is not showing any clear signal. Long positions are recommended targeting 1.0689 area however, the support level breakthrough will smooth the way for further decline targeting 1.0461.

https://fxglory.com/eurusd-analysis-for-05-12-2016/

EURUSD analysis for 02.12.2016

While USD is being supported by the oil price EUR is being influenced by the PMIs in Germany and France disappointed markets. The support rests at 1.06560 with resistance at 1.07040 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signal. The support level breakthrough will smooth the way for further decline targeting 1.0550.

https://fxglory.com/eurusd-analysis-for-02-12-2016/

USDJPY analysis for 02.12.2016

As USD is getting strength due to the US economic reports, JPY is being empowered by the Japanese Manufacturing PMI. The support rests at 113.480 with resistance at 114.560 which the weekly pivot point at 112.440 is located in between the lines. The EMA of 10 is moving horizontally but it is located 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 indicator is in positive territory. The ADX is not showing any clear signals. Long positions are recommended targeting 115.00 area.

https://fxglory.com/usdjpy-analysis-for-02-12-2016/

AUDUSD analysis for 01.12.2016

AUD is acting weak against its American counterpart due to the Building Permits release. The support rests in 0.73780 with resistance at 0.74360 which the weekly pivot point at 0.74030 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 area, the MACD indicator is moving in neutral zone and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. Short positions are recommended targeting 0.7350.

https://fxglory.com/audusd-analysis-for-01-12-2016/

GBPUSD analysis for 01.12.2016

Since there was no important economic reports in the UK, GBPUSD is chiefly under the influence of the US data and OPEC meeting results therefore since USD is being empowered, GBP is getting weak. The support rests at 1.25060 with resistance at 1.25420 which both lines are above the weekly pivot point at 1.24340. The EMA of 10 is moving with bullish bias 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 while showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. The resistance area seems to be strong however while the price may reach higher, pullbacks are happening at any time soon targeting 1.2400.

https://fxglory.com/gbpusd-analysis-for-01-12-2016/

EURUSD analysis for 01.12.2016

While EUR is being empowered by the positive economic reports in Euro zone such as Retails Sales in Germany, EURUSD is also under the influence of the US unemployment data and Personal Income report. The support rests at 1.05960 with resistance at 1.06240 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. The resistance level breakout will be a good sign for the continuation of the bullish pattern. Buyers can target 1.0700 area.

https://fxglory.com/eurusd-analysis-for-01-12-2016/