AUDUSD analysis for 06.12.2017

Australia has published GDP Growth Rate QoQ and YoY and the US will release ADP Employment Change and EIA Crude Oil Stocks Change. The support rests at 0.75660 with resistance at 0.76000 which both lines are below the monthly pivot point at 0.76090. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and below the EMA of 200. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance line is too strong to be broken therefore short positions are recommended towards 0.75. https://fxglory.com/audusd-analysis-for-06-12-2017/

Gold analysis for 05.12.2017

Gold had a sharp fall on Monday and it might even go lower as the USD receives a bit of support. The support rests at 1273.40 with resistance at 1278.80 which both lines are below the weekly pivot point at 1286.27. The EMA of 10 is moving with bearish bias in 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 Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell 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 1270. https://fxglory.com/gold-analysis-for-05-12-2017/

GBPUSD analysis for 05.12.2017

The Brexit talks have failed to progress which puts GBP under pressure while USD is also dealing with its own loss of momentum. The support rests at 1.33500 with resistance at 1.34760 which the weekly pivot point at 1.34120 is located in between the lines. 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 oversold area, the Stochastic is showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing sell signals. 1.333 will be the floor for this market therefore sellers can keep their positions until then and later buyers can target 1.36. https://fxglory.com/gbpusd-analysis-for-05-12-2017/

EURUSD analysis for 05.12.2017

While USD is under pressure because of the tax reform plan, ISM Non-Manufacturing PMI will be released today which might support this currency against EUR. The support rests at 1.18360 with resistance at 1.18790 which both lines are below the weekly pivot point at 1.18890. 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 moving below 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 showing weak sell signals. Indicators are showing mixed signals. The resistance level breakout will push the price towards the upper Bollinger band; otherwise, it will drop to 1.15. https://fxglory.com/eurusd-analysis-for-05-12-2017/

USDCAD analysis for 01.12.2017

CAD has been losing momentum due to the weak oil price, on the other hand, USD might gain momentum as a result of tax reform plan bill. The pair is finding support at 1.28490 with resistance at 1.28870 which both lines are above the weekly pivot point at 1.27360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended towards 1.25. https://fxglory.com/usdcad-analysis-for-01-12-2017/

GBPUSD analysis for 01.12.2017

Brexit talks are still in progress and GBP is acting strong at the moment. Today the UK will release the manufacturing PMI data which will probably support GBP too. The support rests at 1.34920 with resistance at 1.35460 which both lines are above the weekly pivot point at 1.32910. 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 showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Long positions are recommended towards the upper Bollinger band targeting 1.365. https://fxglory.com/gbpusd-analysis-for-01-12-2017/

EURUSD analysis for 01.12.2017

Currently USD is under pressure due to the tax reform plan bill. Once it passes through, USD will gain momentum right away. The support rests at 1.18900 with resistance at 1.19480 which both lines are above the weekly pivot point at 1.18600. 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 overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. EUR bulls will control the chart targeting 1.20. https://fxglory.com/eurusd-analysis-for-01-12-2017/