GBPUSD analysis for 01.12.2016

Since there was no important economic reports in the UK, GBPUSD is chiefly under the influence of the US data and OPEC meeting results therefore since USD is being empowered, GBP is getting weak. The support rests at 1.25060 with resistance at 1.25420 which both lines are above the weekly pivot point at 1.24340. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges while showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. The resistance area seems to be strong however while the price may reach higher, pullbacks are happening at any time soon targeting 1.2400.

https://fxglory.com/gbpusd-analysis-for-01-12-2016/

EURUSD analysis for 01.12.2016

While EUR is being empowered by the positive economic reports in Euro zone such as Retails Sales in Germany, EURUSD is also under the influence of the US unemployment data and Personal Income report. The support rests at 1.05960 with resistance at 1.06240 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. The resistance level breakout will be a good sign for the continuation of the bullish pattern. Buyers can target 1.0700 area.

https://fxglory.com/eurusd-analysis-for-01-12-2016/

USDJPY analysis for 30.11.2016

JPY is acting weaker against USD due to the Household Spending report in Japan.
The support rests at 111.820 with resistance at 113.420 which the weekly pivot point at 112.440 is located in between the lines. The EMA of 10 is moving horizontally but it is located above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD indicator is falling down towards the neutral zone. The ADX is not showing any clear signals.
The bullish scenario is more probable therefore long positions are recommended targeting 114 area.

USDCAD analysis for 30.11.2016

USDCAD is under the influence of the US GDP and the oil price.
The pair is finding support at 1.34100 with resistance at 1.34660 which both lines are below the weekly pivot point at 1.34750. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving horizontally in low ranges. The ADX is showing buy signal.
Long positions are recommended targeting 1.3470.

EURUSD analysis for 30.11.2016

Business Climate, Economic Sentiment and Services Sentiment in Eurozone weakened EUR.
The support rests at 1.06100 with resistance at 1.06660 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any signals.
Due to the poor economic reports in Eurozone, we will stay bearish for now targeting 1.0500.

NZDUSD analysis for 29.11.2016

NZD is acting weaker than USD due to the oil price. The support rests in 0.70570 with resistance at 0.70990 which both lines are above the weekly pivot point at 0.70310. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is growing towards the overbought area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The chart seems bullish at the moment however pullbacks are happening at any time soon.

https://fxglory.com/nzdusd-analysis-for-29-11-2016/

GBPUSD analysis for 29.11.2016

GBPUSD has been fluctuating within the channel for almost 20 days. The support rests at 1.23800 with resistance at 1.24180 which both lines are below the weekly pivot point at 1.24340. The EMA of 10 is moving with bearish bias and it has reached the EMA of 100 but both of them are below the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges while showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing a weak sell signal. There are not enough signals to forecast the trend’s direction however there is a possibility of downward attempt targeting 1.2300.

https://fxglory.com/gbpusd-analysis-for-29-11-2016/