EURUSD analysis for 17.11.2017

Dollar has been under pressure due to the developments of missiles from North Korea and the issue with allegations of Russian intervention in the US Presidential elections. The support rests at 1.17770 with resistance at 1.18150 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The indicators are showing mixed signals, if the support are is broken, it will drop to 1.15 area otherwise it will grow to 1.20. https://fxglory.com/eurusd-analysis-for-17-11-2017/

USDJPY analysis for 16.11.2017

Japan is not releasing any economic data but the US will publish Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Unemployment Claims and Import Prices m/m. The support rests at 112.750 with resistance at 113.440 which both lines are below the weekly pivot point at 113.770. The EMA of 10 is moving with bearish bias in 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 showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Currently USDJPY is creating a correction pattern after the previous decline at 112.464 and if it breaks the resistance area, it will move within Andrews’ pitchfork targeting 114.5; otherwise, it will drop to 112. https://fxglory.com/usdjpy-analysis-for-16-11-2017/

USDCHF analysis for 16.11.2017

Switzerland is not publishing any economic reports but the US will release Initial Jobless Claims and Export and import Prices MoM. The support rests at 0.98830 with resistance at 0.99100 which both lines are below the weekly pivot point at 0.99680. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 0.997 area otherwise it will continue its bearish trend targeting 0.983. https://fxglory.com/usdchf-analysis-for-16-11-2017/

EURUSD analysis for 16.11.2017

EURUSD climbed up the ascendant channel but it could not go beyond 1.185. The Unemployment Rate in Eurozone will bring some volatility to the market. The support rests at 1.17740 with resistance at 1.18390 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 moving in low ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. EURUSD will continue its bullish trend towards 1.20. https://fxglory.com/eurusd-analysis-for-16-11-2017/

USDCAD analysis for 15.11.2017

Canada is publishing New Motor Vehicle Sales and the US will release Core Inflation Rate YoY and Retail Sales MoM. The pair is finding support at 1.26960 with resistance at 1.27550 which the weekly pivot point at 1.27230 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below 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 middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 1.25. https://fxglory.com/usdcad-analysis-for-15-11-2017/

GBPUSD analysis for 15.11.2017

GBP is under pressure due to the inflation data and the Brexit issue. The support rests at 1.31210 with resistance at 1.32130 which the weekly pivot point at 1.31590 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is rising above the 50 level, the Stochastic is showing downward momentum and MACD indicator is in neutral territory. The ADX is showing weak sell signals. The resistance level breakout will push the price up towards 1.35, otherwise it will drop to 1.30. https://fxglory.com/gbpusd-analysis-for-15-11-2017/

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/