EURUSD analysis for 29.07.2016

While USD is being under pressure for Fed’s decision on keeping rates unchanged, EUR is being empowered due to the positive statistics from Germany and Italy. The support rests at 1.10580 with resistance at 1.11080 which both lines are above the weekly pivot point at 1.10050. The EMA of 10 is moving horizontally and it is above the EMA of 100 which is rising. The RSI has fallen to the 50 level, the MACD indicator is falling down from the positive territory and the Stochastic is showing downward momentum. The potential decrease is towards 1.100 area.

https://fxglory.com/eurusd-analysis-for-29-07-2016/

AUDUSD analysis for 29.07.2016

The Fed announced that the rates will be unchanged at the moment therefore USD is under pressure. The support line for AUDUSD lies at 0.75170 with resistance at 0.75480 which both lines are above the monthly pivot point at 0.74320. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is falling down towards the 50 level, the MACD indicator is moving in neutral area and the Stochastic is showing downward momentum. Sellers can target 0.7400 for this pair today.

https://fxglory.com/audusd-analysis-for-29-07-2016/

USDCAD analysis for 28.07.2016

USDCAD is under the influence of the oil price and the Fed’s policy statement. The support rests at 1.31120 with resistance at 1.31760 which both lines are above the weekly pivot point at 1.30790. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is moving towards the negative area and the Stochastic is showing downward momentum. The support level break through will pave the way for further decline towards 1.3100.

https://fxglory.com/usdcad-analysis-for-28-07-2016/

GBPUSD analysis for 28.07.2016

Despite the positive GDP for the second quarter, Pound fell yesterday. However it received some support from the news in the US. The support rests at 1.31790 with resistance at 1.3273 which both lines are above the weekly pivot point at 1.31610. The EMA of 10 is moving with bullish bias towards the EMA of 100. The RSI is falling down and has reached the 50 level, the MACD indicator is in neutral zone and the Stochastic is showing downward momentum. It seems that the 1.31 area is a strong support area for this pair at the moment. The pair is growing towards 1.3300.

https://fxglory.com/gbpusd-analysis-for-28-07-2016/

EURUSD analysis for 26.07.2016

Although German statistics left positive impact on EUR, EURUSD is still moving in low ranges. On the other hand the Fed meeting is supporting USD as well. The support lies at 1.09730 with resistance at 1.10210 which the weekly pivot point has been located in between of these lines at 1.10050. The EMA of 10 is moving below the EMA of 100 which indicates the recent price fall. The RSI is moving below the 50 level and the MACD indicator is in negative territory. Short positions are recommended with the target at 1.0900.

https://fxglory.com/eurusd-analysis-for-26-07-2016/

AUDUSD analysis for 26.07.2016

USD is staying neutral at the moment however the Fed meeting might support this pair. AUDUSD had a sharp rise today. The support rests at 0.74780 with resistance at 0.75510 which both lines are located above and below the weekly pivot point at 0.75030. The EMA of 10 is meeting the EMA of 100 below the pivot point. The RSI has already reached the overbought area and the MACD indicator is in neutral zone. The pair would not go higher therefore short positions are recommended with the target at 0.7500.

https://fxglory.com/audusd-analysis-for-26-07-2016/

USDCAD analysis for 25.07.2016

While CAD is getting support from the government fiscal stimulus program the oil price is limiting this currency’s growth. The support rests at 1.31090 with resistance at 1.31630 which both lines are above the weekly pivot point at 1.30790. The EMA of 10 is rising above the EMA of 100. The RSI is above the 50 level and the MACD indicator is in positive territory. While it is moving above the pivot point, the pair will grow to 1.3200.

https://fxglory.com/usdcad-analysis-for-25-07-2016/