USDJPY analysis for 31.05.2017

Japan is releasing Housing Starts y/y and Prelim Industrial Production m/m data along with the US publishing Beige Book, Pending Home Sales m/m and Chicago PMI reports. The support rests at 110.710 with resistance at 111.190 which both lines are below the weekly pivot point at 111.430. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. It seems that the pair will continue its bearish trend targeting 110 ar https://fxglory.com/usdjpy-analysis-for-31-05-2017/

GOLD analysis for 31.05.2017

Gold price is chiefly under the influence of some economic data such as Conference Board’s Consumer Confidence and August Comex gold futures. The support rests at 1259.89 with resistance at 1264.70 which the weekly pivot point at 1261.67 is located in between the lines. The EMA of 10 is moving with bearish bias 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 showing upward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend. Short positions are recommended targeting 1258. https://fxglory.com/gold-analysis-for-31-05-2017/

EURUSD analysis for 31.05.2017

Draghi’s comments did not leave any impact on EURUSD however, the PCE data came out for the US, putting this currency under pressure. The support rests at 1.11680 with resistance at 1.12230 which the weekly pivot point at 1.12020 is located in between the lines. 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 on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Long positions are recommended targeting 1.13. https://fxglory.com/eurusd-analysis-for-31-05-2017/

NZDUSD analysis for 30.05.2017

While the US is publishing Core PCE Price Index and Personal Spending reports, NZDUSD is also under the influence of Draghi’s announcement regarding Euro Zone requirement for stimulus. The support rests at 0.70300 with resistance at 0.70660 which both lines are above the weekly pivot point at 0.70140. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and 200. The RSI is moving horizontally on the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance level breakout will be a good sign for buyers to target 0.71 area otherwise, the pair will drop to 0.70 https://fxglory.com/nzdusd-analysis-for-30-05-2017/

GBPUSD analysis for 30.05.2017

There are no economic reports in the Great Britain however the US is publishing Core PCE Price Index and Personal Income and Spending Reports. The support rests at 1.27970 with resistance at 1.28510 which both lines are below the weekly pivot point at 1.28730. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and MACD indicator is in negative territory. The ADX is showing sell signals. GBPUSD has already started its correction pattern therefore the price growth will continue towards the 61.8 level of Fibonacci retracement. https://fxglory.com/gbpusd-analysis-for-30-05-2017/

EURUSD analysis for 30.05.2017

EURUSD is chiefly under the influence of economic reports such as Business Confidence reports in Eurozone and Personal Income and Spending Reports in the US. The support rests at 1.11090 with resistance at 1.11390 which both lines are below the weekly pivot point at 1.12020. The EMA of 10 is moving with bearish bias along the bearish channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges while showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing sell signals. The 1.11 level seems to be supportive therefore EURUSD will start its correction pattern soon growing towards 1.14 area. https://fxglory.com/eurusd-analysis-for-30-05-2017/

USDJPY analysis for 29.05.2017

There are no economic reports in the US and Japan to influence USDJPY. The support rests at 110.990 with resistance at 111.590 which the weekly pivot point at 111.340 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. USDJPY seems too weak to break the resistance line therefore short positions are recommended at the moment. https://fxglory.com/usdjpy-analysis-for-29-05-2017/