USDJPY analysis for 26.10.2017

Japan is publishing SPPI y/y data, and the US will release Natural Gas Storage, Pending Home Sales m/m, Prelim Wholesale Inventories m/m and Unemployment Claims. The support rests at 113.450 with resistance at 114.010 which both lines are above the weekly pivot point at 112.900. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on 50 level, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. USDJPY will continue its bullish trend towards 114.5. https://fxglory.com/usdjpy-analysis-for-26-10-2017/

NZDUSD analysis for 26.10.2017

USD is getting strength after the Federal Reserve announcement regarding the interest rates raise. The support rests at 0.68620 with resistance at 0.69120 which both lines are below the weekly pivot point at 0.70380. 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 in the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Short positions are recommended towards 0.65. https://fxglory.com/nzdusd-analysis-for-26-10-2017/

EURUSD analysis for 26.10.2017

Today the ECB rate announcement and statement and the press conference by Draghi are the most influential events of EURUSD. The support rests at 1.18170 with resistance at 1.18420 which both lines are above the weekly pivot point at 1.17920. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving in 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 1.21. https://fxglory.com/eurusd-analysis-for-26-10-2017/

USDCHF analysis for 25.10.2017

Today Switzerland will publish UBS Consumption Indicator and Economic Sentiment Index and later the US will release Durable Goods Orders MoM and New Home Sales. The support rests at 0.98780 with resistance at 0.99180 which both lines are above the weekly pivot point at 0.98060. 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 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. Long positions are recommended towards 1.0030. https://fxglory.com/usdchf-analysis-for-25-10-2017/

GBPUSD analysis for 25.10.2017

GBP is under pressure because of the issues about Brexit and today the UK advance GDP data will have a great influence on GBPUSD. The support rests at 1.30810 with resistance at 1.31630 which both lines are below the weekly pivot point at 1.31940. 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 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. GBPUSD will be fluctuating within 1.31 and 1.32 area. https://fxglory.com/gbpusd-analysis-for-25-10-2017/

EURUSD analysis for 25.10.2017

When the republicans show their disapproval of Trump’s tax reform program, USD wend under pressure and EURUSD managed to reach 1.179. Later again, USD was empowered when the secret vote news came out for the next Fed Chair. The support rests at 1.17400 with resistance at 1.17760 which both lines are below the weekly pivot point at 1.17880. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals. There is no clear direction for EURUSD at the moment. The resistance level breakout will push the price to higher levels towards 1.18, otherwise it will decline below 1.17. https://fxglory.com/eurusd-analysis-for-25-10-2017/

USDJPY analysis for 24.10.2017

JPY has been supported after the election however, USD has been empowered as well due to tax issue and the probability of interest rates growth. Japan has published Nikkei Manufacturing PMI Flash and the US will release Markit Manufacturing PMI Flash and Markit Composite PMI Flash. The support rests at 113.180 with resistance at 113.580 which both lines are above the weekly pivot point at 112.900. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing weak buy signals. Long positions are recommended towards 114. https://fxglory.com/usdjpy-analysis-for-24-10-2017/