USDJPY analysis for 08.11.2016

USDJPY is chiefly under the influence of US election and the oil price. The support rests at 104.190 with resistance at 104.550 which both lines are above the weekly pivot point at 103.430. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signal at the moment. Long positions are recommended targeting 105.00.

https://fxglory.com/usdjpy-analysis-for-08-11-2016/

EURUSD analysis for 08.11.2016

While USD is sensitive to the election reports, EUR is getting weakened due to the negative Factory Orders in Germany. The support rests at 1.10230 with resistance at 1.10530 which both lines are below the weekly pivot point at 1.10900. The EMA of 10 is moving with bearish bias and it has reached the EMA of 200 and they are both above 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 neutral territory. The ADX is not showing any clear signal at the moment. Short positions are recommended targeting 1.1000.

https://fxglory.com/eurusd-analysis-for-08-11-2016/

USDJPY analysis for 07.11.2016

USDJPY is chiefly under the influence of American and European stocks. The support rests at 103.820 with resistance at 104.840 which both lines are above the weekly pivot point at 103.430. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 200 and it is now close to the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing stronger buy opportunity than sell. Soon USDJPY will start its correction pattern heading downwards.

https://fxglory.com/usdjpy-analysis-for-07-11-2016/

GBPUSD analysis for 07.11.2016

GBP is being supported due to the Brexit issue. The support rests at 1.23890 with resistance at 1.25030 which the weekly pivot point at 1.24150 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 200 and above the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signal at the moment. Short positions are recommended targeting 1.2350.

https://fxglory.com/gbpusd-analysis-for-07-11-2016/

EURUSD analysis for 07.11.2016

USD is under pressure due to the US election. EURUSD is also under the influence of the US Unemployment Rate. The support rests at 1.10470 with resistance at 1.11110 which the weekly pivot point at 1.10900 is located in between the lines. The EMA of 10 is moving with bearish bias but it is located above the EMA of 100 and EMA of 200. The RSI is moving on the 50 area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signal at the moment. EURUSD is falling down targeting the support area. Short positions are recommended for now.

https://fxglory.com/eurusd-analysis-for-07-11-2016/

USDCAD analysis for 04.11.2016

While USD is being weakened by the US labor data, the oil price is leaving negative impact on CAD as well. The pair is finding support at 1.33740 with resistance at 1.34160 which the weekly pivot point at 1.33830 is located in between the lines. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in high rates. The ADX is showing buy signal. As long as the price is above the weekly pivot point, it would stay bullish.

https://fxglory.com/usdcad-analysis-for-04-11-2016/

GBPUSD analysis for 04.11.2016

GBP is being supported by the UK’s Services PMI. The support rests at 1.24530 with resistance at 1.24850 which both lines are above the weekly pivot point at 1.21820. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 100 and now it is rising towards the EMA of 200. The RSI is moving in overbought area, the Stochastic is in its maximum rate and the MACD indicator is in positive territory. The ADX is showing stronger buy opportunity rather than sell. Long positions are recommended targeting 1.2500.

https://fxglory.com/gbpusd-analysis-for-04-11-2016/