USDCHF analysis for 26.01.2018

Switzerland has published World Economic Forum Annual Meeting and the US will release GDP Growth Rate QoQ Adv and Durable Goods Orders MoM. The support rests at 0.93100 with resistance at 0.94210 which both lines are below the weekly pivot point at 0.96180. 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 showing downward momentum. 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 and the Kijun-sen is showing a horizontal trend. The price is falling down towards 0.924. https://fxglory.com/usdchf-analysis-for-26-01-2018/

GBPUSD analysis for 26.01.2018

The US Treasury Secretary comments supported GBP against the weak USD. The support rests at 1.41520 with resistance at 1.42840 which both lines are above the weekly pivot point at 1.38390. 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 showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signal. Long positions are recommended towards the upper Bollinger band 1.44. https://fxglory.com/gbpusd-analysis-for-26-01-2018/

EURUSD analysis for 26.01.2018

USD was weakened again as a result of the US Treasury Secretary comments. The support rests at 1.24040 with resistance at 1.24960 which both lines are above the weekly pivot point at 1.22340. 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 low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. While 1.24 will remain the floor of the market, EURUSD will rise towards 1.26. https://fxglory.com/eurusd-analysis-for-26-01-2018/

USDJPY analysis for 25.01.2018

Japan is not releasing any economic reports but the US will publish Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. The support rests at 108.690 with resistance at 109.350 which both lines are below the weekly pivot point at 110.820. 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 oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. Short positions are recommended towards 107. https://fxglory.com/usdjpy-analysis-for-25-01-2018/

Gold analysis for 25.01.2018

The USD weakness along with the serious threats of global inflation have helped gold to grow towards high levels. The support rests at 1352.77 with resistance at 1367.04 which both lines are above the weekly pivot point at 1334.13. 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. 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. While there might be several pullbacks on the way, Gold will continue its bullish trend targeting 1400. https://fxglory.com/gold-analysis-for-25-01-2018/

EURUSD analysis for 25.01.2018

USD is staying weak while EUR is getting empowered. Today, Draghi press conference may stop EUR from further rise. The support rests at 1.23910 with resistance at 1.24620 which both lines are above the weekly pivot point at 1.22340. 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 signal. EURUSD will continue its bullish trend towards 1.25 however pullbacks will be observed with the support line of 1.23. https://fxglory.com/eurusd-analysis-for-25-01-2018/

USDCAD analysis for 24.01.2018

The Bank of Canada raised interest rates last week which it brought volatility to the market. The US will release Existing Home Sales today. The pair is finding support at 1.23230 with resistance at 1.24170 which both lines are below the weekly pivot point at 1.24600. 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 falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. 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 1.228. https://fxglory.com/usdcad-analysis-for-24-01-2018/