NZDUSD analysis for 04.01.2017

NZD is acting stronger than USD due to the Chinese manufacturing PMI data. The support rests in 0.68820 with resistance at 0.69420 which the weekly pivot point at 0.69240 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving on 50 level, the MACD indicator is in neutral territory and the Stochastic is moving horizontally in neutral ranges. The ADX is not showing any clear signals. The price has already started its bullish trend after crossing the 61.8 level of Fibonacci. After its growth towards the weekly pivot point, the pair will be falling down targeting 0.6850.


https://fxglory.com/nzdusd-analysis-for-04-01-2017/

USDJPY analysis for 04.01.2017

USDJPY is chiefly under the influence of Final Manufacturing PMI in Japan and FOMC Meeting Minutes and Total Vehicle Sales reports in the US. The support rests at 117.730 with resistance at 118.330 which both lines are above the weekly pivot point at 116.940. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is moving horizontally in neutral rate and the MACD indicator is in positive territory. The ADX is showing buy signal. USDJPY will continue its growth towards the 119 area.


https://fxglory.com/usdjpy-analysis-for-04-01-2017/

EURUSD analysis for 04.01.2017

Despite the positive economic reports in Eurozone such as Unemployment rate in Germany and Consumer Price Index in France, EUR is not showing any signs of growth. The support rests at 1.03870 with resistance at 1.04190 which both lines are below the weekly pivot point at 1.05140. The EMA of 10 is falling down sharply and it is below the EMA of 100 and EMA of 200. The RSI is moving horizontally below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing a weak sell signal. The price is below the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing downward trend. The chart seems bearish for today targeting 1.0350.


https://fxglory.com/eurusd-analysis-for-04-01-2017/

AUDUSD analysis for 03.01.2017

AUD was supported due to the positive Private Sector Credit. The support rests in 0.72060 with resistance at 0.72460 which both lines are below the monthly pivot point at 0.72950. 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 moving on the 50 level, the MACD indicator is in the negative territory and the Stochastic is moving in low ranges. The ADX is showing a weak buy signal. Short positions are recommended targeting 0.715 area.


https://fxglory.com/audusd-analysis-for-03-01-2017/

GBPUSD analysis for 03.01.2017

Although there has been no important economic reports, GBP has stayed powerful. The support rests at 1.22770 with resistance at 1.23160 which the weekly pivot point at 1.23100 is located in between the lines. The EMA of 10 is moving horizontally but it is below the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing a weak buy signal. The chart seems bearish targeting 1.22 level.


https://fxglory.com/gbpusd-analysis-for-03-01-2017/

EURUSD analysis for 03.01.2017

While EUR is strong, USD is being empowered due to the new president’s economic policy. There has been a gap at the time of the market opening hour. The support rests at 1.04510 with resistance at 1.05010 which both lines are below the weekly pivot point at 1.05140. The EMA of 10 is falling towards the EMA of 100 and they are both below the EMA of 200. The RSI is falling on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any signals. There is no clear signal at the moment so traders can wait for a better chart setup.


https://fxglory.com/eurusd-analysis-for-03-01-2017/

AUDUSD analysis for 29.12.2016

AUD is under pressure due to its American counterpart growth. The support rests in 0.71580 with resistance at 0.72330 which the weekly pivot point at 0.72150 is located in between the lines. 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 rising towards the 50 level, the MACD indicator is in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The chart seems bearish therefore sellers can target 0.71 area.


https://fxglory.com/audusd-analysis-for-29-12-2016/