GBPJPY analysis for 15.06.2016

Japan is not releasing any economic data today therefore GBPJPY will be only under the influence of economic reports in the UK such as Avg Earnings – ex bonus, Avg Earnings – incl bonus, Claimant Count Change (k), Claimant Count Rate (%) and ILO Unemployment Rate (3Mths). GBPJPY has been moving with bearish bias but it looks as if there is going to be a weak reversal soon. The support rests at 149.030 with resistance at 150.950 which both lines are below the weekly pivot point at 153.93. The EMA of 10 has already passed the EMA of 75 and is falling down the descendant channel as well. The RSI is getting close to the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The resistance level breakout can push the price toward higher levels targeting 152.35 otherwise the pair will continue its downward trend targeting 148.00.

https://fxglory.com/gbpjpy-analysis-for-15-06-2016/

USDCHF analysis for 15.06.2016

USDCHF is chiefly under the influence of the US economic reports today such as Empire Manufacturing, Capacity Utilization, Industrial Production (M/M) and the Manufacturing Production (M/M). The pair has been fluctuating after the previous low at 0.95755. The support rests at 0.96220 with resistance at 0.96550 which both lines are below the monthly pivot point at 0.97790. The EMA of 10 is moving in horizontal line below the EMA of 75 suggesting the recent price decline. The RSI and the MACD indicators are both in neutral area not presenting any clear signals; however, the Stochastic is showing upward momentum. Long positions are recommended with target at 0.9690.

https://fxglory.com/usdchf-analysis-for-15-06-2016/

EURUSD analysis for 15.06.2016

Despite the positive Euro industrial production report, EUR is still weakening. EURUSD has been under the influence of German government bonds yields and the UK referendum as well. EURUSD has already passed the 61.8 of Fibonacci retracement and is creating the reversal pattern. The support lies at 1.11810 with resistance at 1.12230 which both lines are below the monthly pivot point at 1.12810. The EMA of 10 and 75 are moving close each other however the EMA of 10 is moving downwards. The MACD indicator is in negative territory, the RSI has passed the oversold zone and is moving towards the neutral zone and the Stochastic is showing upward momentum. The resistance level breakout will push the price towards higher ranges targeting 1.1370.

https://fxglory.com/eurusd-analysis-for-15-06-2016/

USDCAD analysis for 14.06.2016

USDCAD is chiefly under the influence of the US economic data such as Import Price Index (M/M), Retail Sales and Business Inventories. The price is moving in neutral zone completing the head and shoulder pattern which had been created. The support lies at 1.28040 with resistance at 1.28430 which both lines are below the monthly pivot point at 1.29130. The RSI and the MACD indicators are in neutral area but the Stochastic is showing upward momentum. The EMA of 10 is located below the EMA of 75 but it is moving towards it with bullish bias. If the resistance is broken the price will go up targeting 1.2940.

https://fxglory.com/usdcad-analysis-for-14-06-2016/

AUDUSD analysis for 14.06.2016

AUDUSD is under the influence of economic data in China and the Australian Financial markets which were closed for a public holiday on Monday. After the previous high at 0.75030, AUDUSD has been moving with bearish bias. The support rests at 0.73740 with resistance at 0.74120 which both lines are above the monthly pivot point at 0.73650. The EMA of 10 is above the EMA of 75 suggesting the recent price movement in higher ranges. The RSI is below the 50 level, the MACD indicator is in neutral zone and the Stochastic is showing downward momentum. Short positions are recommended with the target at 0.73250.

https://fxglory.com/audusd-analysis-for-14-06-2016/

USDJPY analysis for 14.06.2016

Dollar is not showing any momentum against the strong JPY. This pair has been affected by the economic data in China and Japan as well. The USDJPY is falling down the descendant channel. The Support rests at 105.710 with resistance at 106.280 which both lines are below the weekly pivot point at 107.050. The EMA of 10 is falling down as well and is moving below the EMA of 75 showing the recent price fall. The RSI is below the neutral area, the MACD indicator is in negative territory and the Stochastic is suggesting price decline. The pair may fall to 105.30 and after that it might bounce up to 108.00.

https://fxglory.com/usdjpy-analysis-for-14-06-2016/

GBPUSD analysis for 14.06.2016

GBP has lost its strength against USD and the issue of Brexit is getting more serious. Yesterday GBPUSD tried to rise but it could not exceed 1.4325 and today it started its bearish movement falling down the descendant channel. The support lies at 1.4153 with resistance at 1.42290 which both lines are below the weekly pivot point at 1.4365. The EMA of 10 and 75 are both moving with bearish bias however the EMA of 10 looks sharper than EMA of 75. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan sen is showing downward movement while the Kijun sen is showing horizontal movement. The MACD indicator is in negative territory, the RSI is moving in oversold area and the Stochastic is suggesting price decline as well. The support level breakthrough will push the price to lower levels targeting 1.4150 and then it will be time for bulls to take the control of the chart.

https://fxglory.com/gbpusd-analysis-for-14-06-2016/