USDCHF analysis for 08.09.2017

Switzerland is publishing Unemployment Rate and the US will release Fed Harker Speech. The support rests at 0.94300 with resistance at 0.94840 which both lines are below the weekly pivot point at 0.95830. The EMA of 10 is moving with bearish bias along the descendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD indicator is in 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 downward trend. Short positions are recommended towards 0.9370. https://fxglory.com/usdchf-analysis-for-08-09-2017/

GBPUSD analysis for 08.09.2017

GBPUSD has been under the influence of EURUSD’s bullish movement which supported GBPUSD as well. The support rests at 1.30850 with resistance at 1.31610 which both lines are above the weekly pivot point at 1.29320. The EMA of 10 is moving with bullish bias along 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 MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.3250. https://fxglory.com/gbpusd-analysis-for-08-09-2017/

EURUSD analysis for 08.09.2017

Draghi’s comments could not weaken EUR, however, USD is acting weak against EUR. The support rests at 1.19940 with resistance at 1.20970 which both lines are above the weekly pivot point at 1.19180. 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 Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The market will continue its bullish trend towards 1.25. https://fxglory.com/eurusd-analysis-for-08-09-2017/

USDJPY analysis for 07.09.2017

Japan is releasing the Leading Indicators and 30-y Bond Auction data and the US will publish Crude Oil Inventories, Natural Gas Storage, Revised Nonfarm Productivity q/q and Unemployment Claims. The support rests at 108.880 with resistance at 109.300 which both lines are below the weekly pivot point at 109.720. 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The support level breakthrough will smooth the way for further decline towards 105 area otherwise the price will grow to 109.45. https://fxglory.com/usdjpy-analysis-for-07-09-2017/

NZDUSD analysis for 07.09.2017

There are no major economic reports in New Zealand but the US is publishing Initial Jobless Claims and Fed Mester Speech. The support rests at 0.71690 with resistance at 0.72120 which the weekly pivot point at 0.71940 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended towards 0.7150. https://fxglory.com/nzdusd-analysis-for-07-09-2017/

EURUSD analysis for 07.09.2017

The North Korea issue is putting pressure on USD. EUR’s power strongly depends on Draghi’s press conference. The support rests at 1.19090 with resistance at 1.19390 which the weekly pivot point at 1.19180 is located in between the lines. 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 horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended targeting 1.20. https://fxglory.com/eurusd-analysis-for-07-09-2017/

GBPUSD analysis for 06.09.2017

Due to the US long weekend, GBP has been the strongest currency. Today the UK is not publishing any economic reports. The support rests at 1.30180 with resistance at 1.30530 which both lines are above the weekly pivot point at 1.29320. The EMA of 10 is moving with bullish bias along 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 MACD indicator is in positive territory. The ADX is not showing any clear signals. The resistance area seems to be too strong to be broken, therefore short positions are recommended towards 1.29. https://fxglory.com/gbpusd-analysis-for-06-09-2017/