EURUSD analysis for 05.06.2017

There is a holiday in France and Germany but the US is releasing the non-manufacturing PMI data. The support rests at 1.12460 with resistance at 1.12830 which both lines are above the weekly pivot point at 1.12240. 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 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. EURUSD is falling down at the moment getting prepared for a longterm bullish trend. https://fxglory.com/eurusd-analysis-for-05-06-2017/

USDCAD analysis for 05.06.2017

CAD has been under pressure due to the Oil price and the US is publishing manufacturing PMI data. The pair is finding support at 1.34600 with resistance at 1.35100 which the weekly pivot point at 1.34840 is located in between the lines. The EMA of 10 is moving with bearish along the descendant channel and it is located below the EMA of 200 and below the EMA of 100. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. 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 momentum. Short positions are recommended targeting 1.340 area. https://fxglory.com/usdcad-analysis-for-05-06-2017/

GBPUSD analysis for 05.06.2017

GBP is under pressure due to the recent attack to London also GBPUSD is under the influence of the elections in the Great Britain. The support rests at 1.12460 with resistance at 1.12830 which both lines are above the weekly pivot point at 1.12240. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and MACD indicator is in positive territory. The ADX is not showing any clear signals. The support area seems to be too strong to be broken therefore go long and target 1.2962. https://fxglory.com/gbpusd-analysis-for-05-06-2017/

EURUSD analysis for 05.06.2017

There is a holiday in France and Germany but the US is releasing the non-manufacturing PMI data. The support rests at 1.12460 with resistance at 1.12830 which both lines are above the weekly pivot point at 1.12240. 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 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. EURUSD is falling down at the moment getting prepared for a longterm bullish trend. https://fxglory.com/eurusd-analysis-for-05-06-2017/

GBPUSD analysis for 01.06.2017

GBP is under pressure due to reports and the polls; the Great Britain is also publishing manufacturing PMI data. The support rests at 1.28530 with resistance at 1.28970 which the weekly pivot point at 1.28730 is located in between the lines. The EMA of 10 is moving with bullish bias and it is above the EMA of 200 and below the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing weak sell signals. The bears are taking the control of the chart targeting 1.260. https://fxglory.com/gbpusd-analysis-for-01-06-2017/

EURUSD analysis for 01.06.2017

The US is publishing ADP Employment Change and ADP Employment Change along with the Eurozone releasing GDP Growth Rate QoQ Final and GDP Growth Rate YoY Final. The support rests at 1.12220 with resistance at 1.12680 which both lines are above the weekly pivot point at 1.12020. 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 falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The resistance area seems to be too strong to be broken therefore short positions are recommended targeting 1.100. https://fxglory.com/eurusd-analysis-for-01-06-2017/

AUDUSD analysis for 01.06.2017

Australia is releasing Retail Sales MoM and Private Capital Expenditure QoQ along with the US publishing ADP Employment Change and ISM Manufacturing PMI therefore this pair is going to be more volatile. The support rests in 0.73710 with resistance at 0.74410 which both lines are below the weekly pivot point at 0.74600. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. As long as the price stays below 0.75 area, bearish trend is expected targeting 0.735. https://fxglory.com/audusd-analysis-for-01-06-2017/