GBPUSD analysis for 21.11.2017

The UK inflation report will be published soon while GBPUSD will be under the influence of the issues over Germany coalition and Brexit. The support rests at 1.32380 with resistance at 1.32640 which both lines are above the weekly pivot point at 1.31770. 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 above the 50 level, the Stochastic is moving in middle ranges and MACD line is above the signal line in the positive territory. The ADX is showing buy signals. The price is getting close to the upper Bollinger band which indicates the pullbacks on the way; however the bullish trend towards 1.35 area is the most probable scenario. https://fxglory.com/gbpusd-analysis-for-21-11-2017/

EURUSD analysis for 21.11.2017

The political instability over the Germany coalition is bringing a lot of volatility for EURUSD. The support rests at 1.17240 with resistance at 1.17520 which both lines are below the weekly pivot point at 1.17610. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD will continue its bearish trend towards the 61.8 level of Fibonacci at 1.167. https://fxglory.com/eurusd-analysis-for-21-11-2017/

USDJPY analysis for 20.11.2017

Japan has released Trade Balance data, and the US will publish CB Leading Index m/m. The support rests at 111.900 with resistance at 112.180 which both lines are below the weekly pivot point at 112.640. 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 moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in negative territory. The ADX is showing sell signals. The support area seems to be too strong to be broken therefore long positions are recommended towards 113. https://fxglory.com/usdjpy-analysis-for-20-11-2017/

EURUSD analysis for 20.11.2017

Coalition talks failing in Germany has been the most influential event for EURUSD. The support rests at 1.17230 with resistance at 1.18170 which the weekly pivot point at 1.17610 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD may grow towards the upper Bollinger band at 1.184 and then fall towards 1.17. https://fxglory.com/eurusd-analysis-for-20-11-2017/

AUDUSD analysis for 20.11.2017

AUD has been under pressure due to the weak Australian Employment report and the interest rate differential between the US Treasury Bonds and the Australian Government Bonds. The support rests at 0.75450 with resistance at 0.75710 which both lines are below the weekly pivot point at 0.75880. 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 below the 50 level, the MACD line is above the signal line in positive 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 and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 0.74. https://fxglory.com/audusd-analysis-for-20-11-2017/

Gold analysis for 17.11.2017

Gold has been volatile for the last recent days. The support rests at 1280.31 with resistance at 1284.09 which both lines are above the weekly pivot point at 1276.70. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Long positions are recommended towards 1300. https://fxglory.com/gold-analysis-for-17-11-2017/

GBPUSD analysis for 17.11.2017

Despite the weak economic reports in the UK, GBP has been moving strongly against the weak USD. The support rests at 1.32130 with resistance at 1.32510 which both lines are above the weekly pivot point at 1.31590. 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 1.333. https://fxglory.com/gbpusd-analysis-for-17-11-2017/