USDJPY analysis for 29.09.2017

Japan is publishing Inflation Rate YoY, Unemployment Rate and Housing Starts YoY along with the US releasing Revised UoM Consumer Sentiment, Chicago PMI and Core PCE Price Index m/m. The support rests at 112.360 with resistance at 112.780 which both lines are above the weekly pivot point at 111.890. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The 112 area seems to be a strong supportive level therefore buyers can target 113. https://fxglory.com/usdjpy-analysis-for-29-09-2017/

NZDUSD analysis for 29.09.2017

NZDUSD is chiefly under the influence of the US economic reports. If U.S. Final GDP report comes out strong, NZDUSD will decline. The support rests at 0.71950 with resistance at 0.72350 which both lines are below the weekly pivot point at 0.73360. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is moving below 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 the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend. Short positions are recommended towards 0.710. https://fxglory.com/nzdusd-analysis-for-29-09-2017/

EURUSD analysis for 29.09.2017

EURUSD is under the influence of some economic reports such as German Retail Sales and Unemployment Rate in Eurozone and Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income and Personal Spending data in the US. The support rests at 1.17660 with resistance at 1.18020 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bullish bias in the ascendant channel but 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 high ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.19. https://fxglory.com/eurusd-analysis-for-29-09-2017/

GBPUSD analysis for 28.09.2017

GBPUSD has been under the influence of Fed’s decision regarding the rate hikes. The support rests at 1.33470 with resistance at 1.34190 which both lines are below the weekly pivot point at 1.35300. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and MACD indicator is in negative territory. The ADX is showing sell signals. The support area seems to be too strong to be broken, so GBPUSD will continue its bullish trend in the ascendant channel targeting 1.35. https://fxglory.com/gbpusd-analysis-for-28-09-2017/

EURUSD analysis for 28.09.2017

USD has been supported by the Fed and the CPI data. There are no major economic reports in Eurozone but traders are waiting for the Final GDP data from the US. The support rests at 1.17110 with resistance at 1.17610 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals. If the GDP reports come out strong, the pair will drop to 1.15 otherwise it will start its correction pattern towards 1.18. https://fxglory.com/eurusd-analysis-for-28-09-2017/

AUDUSD analysis for 28.09.2017

USD has been supported by the Core Durable Goods data and the talks of tax reform. The support rests at 0.77910 with resistance at 0.78690 which both lines are below the weekly pivot point at 0.79900. The EMA of 10 is moving with bearish bias within the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. AUDUSD will continue its bearish trend towards 0.7750. https://fxglory.com/audusd-analysis-for-28-09-2017/

USDJPY analysis for 27.09.2017

The US is releasing Crude Oil Inventories, Pending Home Sales m/m, Durable Goods Orders m/m and Core Durable Goods Orders m/m while Japan is not publishing any economic data. The support rests at 112.180 with resistance at 112.800 which both lines are above the weekly pivot point at 111.890. 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 rising towards 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 towards 114 area. https://fxglory.com/usdjpy-analysis-for-27-09-2017/