USDJPY analysis for 31.07.2017

Japan is publishing Housing Starts y/y and preliminary industrial production m/m along with the US releasing some economic data such as Pending Home Sales m/m and Chicago PMI. The support rests at 110.240 with resistance at 111.860 which both lines are below the weekly pivot point at 111.130. 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 rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The resistance level breakout will smooth the way for further growth otherwise the pair will drop to 109.8. https://fxglory.com/usdjpy-analysis-for-31-07-2017/

USDCHF analysis for 31.07.2017

There are no major economic reports in Switzerland however the US is releasing Chicago PMI and Pending Home Sales YoY. The support rests at 0.96420 with resistance at 0.97040 which both lines are above the weekly pivot point at 0.96190. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, 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 below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.98 area. https://fxglory.com/usdchf-analysis-for-31-07-2017/

EURUSD analysis for 31.07.2017

The US data did not support USD and today there are Unemployment Rate data in Eurozone along with pending home sales m/m and Chicago PMI in the US. The support rests at 1.17230 with resistance at 1.17530 which both lines are above the weekly pivot point at 1.17110. 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 falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. It seems that the pair has started its correction pattern heading downwards therefore short positions are recommended targeting 1.164. https://fxglory.com/eurusd-analysis-for-31-07-2017/

USDJPY analysis for 27.07.2017

There are no economic reports in Japan however the US is releasing Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, Unemployment Claims and Core Durable Goods Orders m/m. The support rests at 110.660 with resistance at 111.260 which both lines are below the weekly pivot point at 111.660. 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 rising towards 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any signals. It seems that the pair will continue its bearish trend towards 110.29. https://fxglory.com/usdjpy-analysis-for-27-07-2017/

EURUSD analysis for 27.07.2017

FOMC meeting minutes has been the most influential event for this week. The support rests at 1.16930 with resistance at 1.17760 which both lines are above the weekly pivot point at 1.15930. 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 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. Long positions are recommended targeting 1.1850. https://fxglory.com/eurusd-analysis-for-27-07-2017/

AUDUSD analysis for 27.07.2017

AUD was weakened due to the Australian consumer inflation data and dovish talk from a Reserve Bank of Australia official. The support rests at 0.80150 with resistance at 0.80790 which both lines are above the weekly pivot point at 0.78960. 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 in 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 below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Despite the bullish signals presented by the indicators, it seems that the resistance area is too strong to be broken therefore short positions are recommended targeting 0.78. https://fxglory.com/audusd-analysis-for-27-07-2017/

NZDUSD analysis for 26.07.2017

New Zealand is releasing Balance of Trade along with the US publishing New Home Sales and Fed Interest Rate Decision. The support rests in 0.74100 with resistance at 0.74400 which both lines are above the weekly pivot point at 0.73910. The EMA of 10 is moving horizontally and it is above the EMA of 200 and below the EMA of 100. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below 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/nzdusd-analysis-for-26-07-2017/