AUDUSD analysis for 05.01.2018

Australia has published Balance of Trade, Imports and Export MoM and the US will release Unemployment Rate, Balance of Trade and ISM Non-Manufacturing PMI. The support rests at 0.78240 with resistance at 0.78650 which both lines are above the weekly pivot point at 0.77800. 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 above 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 above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. The resistance level breakout will smooth the way for further growth towards 0.8 otherwise it will drop to 0.77. https://fxglory.com/audusd-analysis-for-05-01-2018/

USDJPY analysis for 04.01.2018

Japan has published Nikkei Manufacturing PMI Final and the US will release ADP Non-Farm Employment Change, Unemployment Claims and Crude Oil Inventories. The support rests at 112.400 with resistance at 112.760 which both lines are below the weekly pivot point at 112.85. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The indicators are not showing any strong signals therefore the pair will be consolidating within the Bollinger bands. https://fxglory.com/usdjpy-analysis-for-04-01-2018/

USDCAD analysis for 04.01.2018

Raw Materials Price Index of Canada and ADP Non-Farm Employment Change, Unemployment Claims and Crude Oil Inventories from the US are the most influential economic reports for USDCAD. The pair is finding support at 1.24952 with resistance at 1.25490 which both lines are below the weekly pivot point at 1.26110. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend. The support level breakthrough will smooth the way for further decline towards 0.23. https://fxglory.com/usdcad-analysis-for-04-01-2018/

EURUSD analysis for 04.01.2018

Dollar gained momentum after the FOMC meeting minutes and today ADP employment report from the US will be released. The support rests at 1.19980 with resistance at 1.20420 which both lines are above the weekly pivot point at 1.19570. 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 above 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 buy signal. Despite EURUSD effort to decline, 1.19 level is a strong support area therefore, long positions are recommended towards 1.21. https://fxglory.com/eurusd-analysis-for-04-01-2018/

USDCHF analysis for 03.01.2018

Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI is releasing today in Eurozone and the US will publish Final Manufacturing PMI. The support rests at 1.20010 with resistance at 1.20770 which both lines are above the weekly pivot point at 1.19570. 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 signal. The pair will continue its bullish trend towards 1.21. https://fxglory.com/usdchf-analysis-for-03-01-2018/

GBPUSD analysis for 03.01.2018

Despite the weak economic reports in the UK, GBPUSD has been growing up. The support rests at 1.35750 with resistance at 1.36180 which both lines are above the weekly pivot point at 1.34640. 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 MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.365. https://fxglory.com/gbpusd-analysis-for-03-01-2018/

EURUSD analysis for 03.01.2018

Bulls are controlling the EURUSD chart and today the US starts its first trading day after New Year. The support rests at 1.20280 with resistance at 1.20700 which both lines are above the weekly pivot point at 1.19570. 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 downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. 1.20 area will remain the floor of the market and EURUSD will grow towards 1.21. https://fxglory.com/eurusd-analysis-for-03-01-2018/