USDJPY analysis for 22.12.2017

While Japan did not release any economic data, the US will publish various economic reports such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, New Home Sales, Personal Income m/m, Personal Spending m/m, Durable Goods Orders m/m, Core PCE Price Index m/m and Core Durable Goods Orders m/m. The support rests at 113.240 with resistance at 113.570 which both lines are above the weekly pivot point at 112.790. 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 above the 50 level, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. Long positions are recommended towards 114. https://fxglory.com/usdjpy-analysis-for-22-12-2017/

USDCAD analysis for 22.12.2017

Canada will release GDP MoM and Budget Balance and the US will publish New Home Sales, Personal Income and Spending MoM and Durable Goods Orders MoM. The pair is finding support at 1.26970 with resistance at 1.27470 which both lines are below the weekly pivot point at 1.28250. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. The support level breakthrough will push the price down towards 1.25. https://fxglory.com/usdcad-analysis-for-22-12-2017/

EURUSD analysis for 22.12.2017

EUR is under pressure due to the Catalonia election in Spain and that is the reason of EURUSD decline towards 1.185 again. The support rests at 1.18380 with resistance at 1.18620 which both lines are above the weekly pivot point at 1.17760. 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 on the 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The pair will continue its bullish trend towards the upper Bollinger band targeting 1.20. https://fxglory.com/eurusd-analysis-for-22-12-2017/

USDCHF analysis for 21.12.2017

Switzerland has published Balance of Trade and the US will release GDP Growth Rate QoQ Final. The support rests at 0.98520 with resistance at 0.98700 which both lines are below the weekly pivot point at 0.98930. The EMA of 10 is moving horizontally in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the MACD line is above the signal line in the positive 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 above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Long positions are recommended towards 0.99. https://fxglory.com/usdchf-analysis-for-21-12-2017/

GBPUSD analysis for 21.12.2017

Despite various economic developments in the US, GBP did not move much. The support rests at 1.33520 with resistance at 1.33790 which the weekly pivot point at 1.33600 is located in between the lines. The EMA of 10 is moving horizontally in the channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in low ranges and MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The indicators are not showing any strong signals therefore the price will be fluctuating within 1.33 and 1.34 areas. https://fxglory.com/gbpusd-analysis-for-21-12-2017/

EURUSD analysis for 21.12.2017

The tax reform bill and the strong US economic data could not support USD. The support rests at 1.18540 with resistance at 1.18890 which both lines are above the weekly pivot point at 1.17760. 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Considering pullbacks on the way, long positions are recommended towards 1.197. https://fxglory.com/eurusd-analysis-for-21-12-2017/

USDJPY analysis for 20.12.2017

Japan has released All Industries Activity m/m data and the US will publish Crude Oil Inventories and Existing Home Sales. The support rests at 112.620 with resistance at 113.280 which the weekly pivot point at 112.790 is located in between the lines. 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 rising towards the 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 signal. The price may grow towards the resistance area, but it will drop to lower Bollinger band towards 112. https://fxglory.com/usdjpy-analysis-for-20-12-2017/