EURUSD analysis for 15.11.2017

Despite the strong economic reports in the US, EURUSD has been moving with bullish bias. Today also the US will release inflation data. The support rests at 1.17760 with resistance at 1.18040 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-15-11-2017/

USDJPY analysis for 14.11.2017

Today BOJ Gov Kuroda Speaks and the US is publishing Core PPI m/m, PPI m/m, NFIB Small Business Index and Federal Budget Balance. The support rests at 113.500 with resistance at 113.850 which the weekly pivot point at 113.690 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving horizontally on 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. Long positions are recommended towards 114.5. https://fxglory.com/usdjpy-analysis-for-14-11-2017/

EURUSD analysis for 14.11.2017

EUR and USD as both moving strongly. Today Draghi and Yellen’s speeches are the most influential events for EURUSD. The support rests at 1.16580 with resistance at 1.16820 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Buyers can target 1.17 area. https://fxglory.com/eurusd-analysis-for-14-11-2017/

AUDUSD analysis for 14.11.2017

Australia is has released NAB Business Confidence and later today the US will publish Core PPI MoM and Fed Bullard Speech. The support rests at 0.76190 with resistance at 0.76410 which both lines are below the weekly pivot point at 0.76610. The EMA of 10 is moving with bearish bias along the descendant channel and it is 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 upward. The ADX is showing weak sell signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The support level breakthrough will smooth the way for further decline towards 0.75. https://fxglory.com/audusd-analysis-for-14-11-2017/

NZDUSD analysis for 13.11.2017

There are no major economic reports in New Zealand but the US is publishing Monthly Budget Statement. The support rests at 0.69100 with resistance at 0.69480 which the weekly pivot point at 0.69270 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. 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 trend. Short positions are recommended towards 0.6830. https://fxglory.com/nzdusd-analysis-for-13-11-2017/

GBPUSD analysis for 13.11.2017

USD was under pressure because of the delay in tax plan which gave an opportunity to GBP to grow. The support rests at 1.30840 with resistance at 1.31400 which both lines are below the weekly pivot point at 1.31590. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and MACD indicator is in neutral territory. The ADX is showing sell signals. GBPUSD is volatile and the price will be fluctuating within 1.30 and 1.31 ranges. https://fxglory.com/gbpusd-analysis-for-13-11-2017/

EURUSD analysis for 13.11.2017

There is a possibility of rate hike for December due to Harker’s announcement. The support rests at 1.16430 with resistance at 1.16670 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing sell signals. EURUSD may fall towards 1.16200 but buyers can target 1.1690. https://fxglory.com/eurusd-analysis-for-13-11-2017/