USDJPY analysis for 05.09.2017

Japan is releasing 10-y Bond Auction data and the US will publish IBD/TIPP Economic Optimism and Factory Orders m/m. The support rests at 108.990 with resistance at 109.550 which both lines are below the weekly pivot point at 109.720. The EMA of 10 is moving with bearish bias and it has reached the EMA of 100 but both are below the EMA of 200. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing sell signals. The support area seems to be too strong to be broken therefore USDJPY will grow towards 110.2 area. https://fxglory.com/usdjpy-analysis-for-05-09-2017/

Gold analysis for 05.09.2017

Gold price is chiefly under the influence of the US and North Korea issue. The support rests at 1332.08 with resistance at 1344.08 which both lines are above the weekly pivot point at 1320.63. 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 in overbought area, the Stochastic is moving in middle ranges and the MACD indicator is in positive territory. The ADX is showing buy 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. Gold will continue its bullish trend towards 1352. https://fxglory.com/gold-analysis-for-05-09-2017/

EURUSD analysis for 05.09.2017

USD has been weakened due to weak NFP and the wages data. There are no major economic reports in Eurozone today. The support rests at 1.18840 with resistance at 1.19310 which the weekly pivot point at 1.19180 is located in between the lines. The EMA of 10 is moving horizontally in 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 moving in middle ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-05-09-2017/

USDJPY analysis for 01.09.2017

Japan is publishing Consumer Confidence and Nikkei Manufacturing PMI Final reports and the US is releasing Unemployment Rate and Non-Farm Payrolls. The support rests at 109.880 with resistance at 110.280 which both lines are above the weekly pivot point at 109.260. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 110.68. https://fxglory.com/usdjpy-analysis-for-01-09-2017/

USDCAD analysis for 01.09.2017

CAD had been empowered by the Canadian GDP reports which came much better that anticipated. The pair is finding support at 1.24460 with resistance at 1.24870 which both lines are below the weekly pivot point at 1.25311. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving horizontally below the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. 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. The support area seems to be too strong to be broken therefore, the pair will be fluctuating within the support and resistance area. https://fxglory.com/usdcad-analysis-for-01-09-2017/

EURUSD analysis for 01.09.2017

EURUSD has been choppy for this week and today USD will lose momentum again due to the employment data in the form of NFP and wages data. The support rests at 1.18830 with resistance at 1.19190 which both lines are above the weekly pivot point at 1.18630. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals. The support level breakthrough will drag the price down to 1.17 otherwise it will grow to 1.20. https://fxglory.com/eurusd-analysis-for-01-09-2017/

USDJPY analysis for 30.08.2017

Japan is releasing Retail Sales y/y data and the US will publish Crude Oil Inventories, Prelim GDP Price Index q/q, Prelim GDP q/q and ADP Non-Farm Employment Change. The support rests at 109.660 with resistance at 110.040 which both lines are above the weekly pivot point at 109.260. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended towards 110.50. https://fxglory.com/usdjpy-analysis-for-30-08-2017/