EURUSD analysis for 08.08.2016

EURUSD is under the influence of NFP report and the labor market report. The support rests at 1.10590 with resistance at 1.11070 which both lines are below the weekly pivot point at 1.11210. The EMA of 10 is moving with bearish bias and it is falling down towards the EMA of 100. The RSI is rising to 50 level, the MACD indicator is in neutral area and the ADX is showing stronger sellers but there is no sign of strong power against buyers. It seems that the pair is not falling below the 1.100 level therefore buyers can make a profit at the moment.

https://fxglory.com/eurusd-analysis-for-08-08-2016/

GBPUSD analysis for 08.08.2016

While GBP was being supported by BoE’s monetary easing program it lost its power due to the U.S jobs data. The support rests at 1.30550 with resistance at 1.31030 which both lines are below the weekly pivot point at 1.31520. The EMA of 10 is moving with bearish bias along with the EMA of 100. The RSI is moving horizontally in the oversold area and the MACD indicator is moving in negative territory showing the price decline. Sellers can target 1.2900 for this pair at the moment.

https://fxglory.com/gbpusd-analysis-for-08-08-2016/

USDCAD analysis for 08.08.2016

While CAD was losing its power due to the unemployment rate in Canada, USD was supported. The support rests at 1.31520 with resistance at 1.32120 which both lines are above the weekly pivot point at 1.31250. The EMA of 10 is moving upward and has already passed the EMA of 100. The RSI is moving in overbought area, the MACD indicator is moving in neutral zone and the ADX is showing strong buyers. The price will continue its upward momentum, buyers can target 1.3300.

https://fxglory.com/usdcad-analysis-for-08-08-2016/

GBPUSD analysis for 05.08.2016

Due to the BoE’s decision regarding the rate’s decrease, GBP fell sharply again after the Great referendum. The support rests at 1.31140 with resistance at 1.31440 which both lines are below the weekly pivot point at 1.31930. The EMA of 10 is falling down and has crossed the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is falling towards the negative territory and the Stochastic is showing downward momentum. At moment stay short and after the support level breakdown target 1.2900.

https://fxglory.com/gbpusd-analysis-for-05-08-2016/

EURUSD analysis for 05.08.2016

While EUR is losing its power USD is growing on the other side. US nonfarm payrolls will affect this pair. The support rests at 1.11230 with resistance at 1.11470 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving in negative area below the 50 level, the MACD indicator is in falling down towards the neutral territory and the Stochastic is showing neutral trend at the moment. We expect further decline towards 1.100 area.

https://fxglory.com/eurusd-analysis-for-05-08-2016/

NZDUSD analysis for 01.08.2016

While Q2 GDP data weakens USD, positive building permits report supports NZD. The support rests at 0.71780 with resistance at 0.72540 which both lines are above the weekly pivot point at 0.71290. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is moving in overbought area, the MACD indicator is in positive territory which might fall down at any time soon and the Stochastic is showing downward momentum. Currently the price is rising but it would not for higher than 0.7250. Stay long for now but ready to sell at 0.7250.

https://fxglory.com/nzdusd-analysis-for-01-08-2016/

EURUSD analysis for 01.08.2016

Due to Eurozone GDP data EUR gained momentum against the USD. On the other hand, the Fed’s decision regarding the rates weighed USD. The support rests at 1.11600 with resistance at 1.11900 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is rising and has passed the EMA of 100. The RSI has reached the overbought line and there is a great chance of falling down, the MACD indicator is in positive territory as well and the Stochastic is showing horizontal line. The potential decrease will target 1.1100 level where there would be a good opportunity for buyers.

https://fxglory.com/eurusd-analysis-for-01-08-2016/