EURUSD analysis for 23.11.2017

EURUSD started its bullish movement after the FOMC minutes and this pair will not be volatile due to the thanksgiving ahead. The support rests at 1.18070 with resistance at 1.18490 which both lines are above the weekly pivot point at 1.17610. The EMA of 10 is moving with bullish bias in 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 high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-23-11-2017/

USDJPY analysis for 22.11.2017

Japan is not releasing any economic data but the US will publish the core durable goods data and the FOMC minutes. The support rests at 111.920 with resistance at 112.420 which both lines are below the weekly pivot point at 112.640. 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Short positions are recommended towards 111.80. https://fxglory.com/usdjpy-analysis-for-22-11-2017/

NZDUSD analysis for 22.11.2017

New Zealand has published Visitor Arrivals YoY and the US will release Durable Goods Orders MoM, Initial Jobless Claims and FOMC Minutes. The support rests in 0.68100 with resistance at 0.68520 which the weekly pivot point at 0.68430 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The indicators are showing mixed signals. The resistance level breakout will push the pair up towards 0.69; otherwise, it will continue its bearish trend targeting 0.65. https://fxglory.com/nzdusd-analysis-for-22-11-2017/

EURUSD analysis for 22.11.2017

As EUR is under pressure of German failure in coalition issue, USD will be supported by the core durable goods data and the FOMC minutes. The support rests at 1.17230 with resistance at 1.17550 which both lines are below the weekly pivot point at 1.17610. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals. The price is moving in the lower Bollinger band, therefore, in case of price decline, sellers can target 1.16 otherwise EURUSD will grow to 1.18. https://fxglory.com/eurusd-analysis-for-22-11-2017/

USDCHF analysis for 21.11.2017

Switzerland is publishing Balance of Trade and the US will release Existing Home Sales and Chicago Fed National Activity Index. The support rests at 0.99120 with resistance at 0.99420 which both lines are above the weekly pivot point at 0.99060. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The pair is trying to go high towards 1.00 area but it seems to be too difficult. At the moment the resistance area is too strong to be broken therefore short positions are recommended towards 0.9847. https://fxglory.com/usdchf-analysis-for-21-11-2017/

GBPUSD analysis for 21.11.2017

The UK inflation report will be published soon while GBPUSD will be under the influence of the issues over Germany coalition and Brexit. The support rests at 1.32380 with resistance at 1.32640 which both lines are above the weekly pivot point at 1.31770. 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 above the 50 level, the Stochastic is moving in middle ranges and MACD line is above the signal line in the positive territory. The ADX is showing buy signals. The price is getting close to the upper Bollinger band which indicates the pullbacks on the way; however the bullish trend towards 1.35 area is the most probable scenario. https://fxglory.com/gbpusd-analysis-for-21-11-2017/

EURUSD analysis for 21.11.2017

The political instability over the Germany coalition is bringing a lot of volatility for EURUSD. The support rests at 1.17240 with resistance at 1.17520 which both lines are below the weekly pivot point at 1.17610. 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD will continue its bearish trend towards the 61.8 level of Fibonacci at 1.167. https://fxglory.com/eurusd-analysis-for-21-11-2017/