EURUSD analysis for 09.05.2017

Apart from Macron’s victory there have been no important economic reports to influence EURUSD. The support rests at 1.09080 with resistance at 1.09410 which both lines are below the weekly pivot point at 1.09570. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and the EMA of 200. The RSI is falling towards oversold area, the Stochastic is moving in low ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals. While noting that 1.08 level is a strong support area, EURUSD will continue its bearish trend. https://fxglory.com/eurusd-analysis-for-09-05-2017/

USDJPY analysis for 08.05.2017

Japan has published Consumer Confidence and the US will be releasing Fed Labor Market Conditions Index (MoM). The support rests at 112.550 with resistance at 112.950 which both lines are above the weekly pivot point at 112.310. 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 horizontally above the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. While considering pullbacks on the way, long positions are recommended targeting 113. https://fxglory.com/usdjpy-analysis-for-08-05-2017/

EURUSD analysis for 08.05.2017

The US has been announcing negative economic reports and on the other hand Macron’s victory made the EURUSD chart bullish. The support rests at 1.09650 with resistance at 1.10030 which both lines are above the weekly pivot point at 1.09570. 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 Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended targeting 1.1050. https://fxglory.com/eurusd-analysis-for-08-05-2017/

AUDUSD analysis for 08.05.2017

AUDUSD is chiefly under the influence of NAB Business Confidence in Australia and Fed Labor Market Conditions Index (MoM) in the US. The support rests in 0.73900 with resistance at 0.74180 which both lines are below the weekly pivot point at 0.74450. The EMA of 10 is moving with bearish bias along the descendant channel 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 negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Short positions are recommended targeting 0.7350. https://fxglory.com/audusd-analysis-for-08-05-2017/

USDCAD analysis for 05.05.2017

Canada is publishing Employment Change and Unemployment Rate along with the US publishing Non Farm Payrolls and Unemployment Rate which all of these reports are extremely influential for USDCAD. The pair is finding support at 1.37430 with resistance at 1.38110 which both lines are above the weekly pivot point at 1.35830. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving in the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Long positions are recommended targeting 1.3820. https://fxglory.com/usdcad-analysis-for-05-05-2017/

GBPUSD analysis for 05.05.2017

There are no important economic reports in the Great Britain therefore GBPUSD is chiefly under the influence of economic reports in the US. The support rests at 1.29140 with resistance at 1.29550 which both lines are above the weekly pivot point at 1.2893. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and MACD indicator is in neutral territory. The ADX is not showing any clear signals. Long positions are recommended targeting 1.30. https://fxglory.com/gbpusd-analysis-for-05-05-2017/

EURUSD analysis for 05.05.2017

Today there are several economic reports in the US and Europe to influence EURUSD such as Non Farm Payrolls and Unemployment Rate in the US along with Retail PMI in Europe. The support rests at 1.09640 with resistance at 1.1 which both lines are above the weekly pivot point at 1.08870. 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 horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. EURUSD will continue its bullish trend targeting the resistance area followed by 1.120 https://fxglory.com/eurusd-analysis-for-05-05-2017/