EURUSD analysis for 06.12.2016

Today EURUSD is chiefly under the influence of the Italian referendum which put EUR under pressure. The support rests at 1.07380 with resistance at 1.07780 which both lines are below the weekly pivot point at 1.06480. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 100 but it is below the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing a weak buy signal. Buyers can wait for 1.0800 for their next target.

https://fxglory.com/eurusd-analysis-for-06-12-2016/

USDCAD analysis for 05.12.2016

While USDCAD is under the influence of oil price, USD lost power against its Canadian counterpart due to the US unemployment data. The pair is finding support at 1.32960 with resistance at 1.33580 which both lines are below the monthly pivot point at 1.34290. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is moving horizontally in high ranges. The ADX is showing a weak sell signal. The support level breakthrough will be a good sign for sellers to target 1.3190 area.

https://fxglory.com/usdcad-analysis-for-05-12-2016/

USDJPY analysis for 05.12.2016

JPY is acting weak against USD. The support rests at 113.030 with resistance at 114.030 which both lines are above the monthly pivot point at 110.050. The EMA of 10 is moving horizontally but it is located above the EMA of 200 and the EMA of 100. The RSI is rising towards higher ranges, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing a weak sell signal. The resistance level breakout will push the pair to higher ranges targeting 115 area.

https://fxglory.com/usdjpy-analysis-for-05-12-2016/

EURUSD analysis for 05.12.2016

Germany bonds market left a negative impact on EUR on Friday. The support rests at 1.05180 with resistance at 1.06050 which both lines are below the weekly pivot point at 1.06480. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards 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. Long positions are recommended targeting 1.0689 area however, the support level breakthrough will smooth the way for further decline targeting 1.0461.

https://fxglory.com/eurusd-analysis-for-05-12-2016/

EURUSD analysis for 02.12.2016

While USD is being supported by the oil price EUR is being influenced by the PMIs in Germany and France disappointed markets. The support rests at 1.06560 with resistance at 1.07040 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signal. The support level breakthrough will smooth the way for further decline targeting 1.0550.

https://fxglory.com/eurusd-analysis-for-02-12-2016/

USDJPY analysis for 02.12.2016

As USD is getting strength due to the US economic reports, JPY is being empowered by the Japanese Manufacturing PMI. The support rests at 113.480 with resistance at 114.560 which the weekly pivot point at 112.440 is located in between the lines. The EMA of 10 is moving horizontally but it is located above the EMA of 200 and 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 signals. Long positions are recommended targeting 115.00 area.

https://fxglory.com/usdjpy-analysis-for-02-12-2016/

AUDUSD analysis for 01.12.2016

AUD is acting weak against its American counterpart due to the Building Permits release. The support rests in 0.73780 with resistance at 0.74360 which the weekly pivot point at 0.74030 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 area, the MACD indicator is moving in neutral zone and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. Short positions are recommended targeting 0.7350.

https://fxglory.com/audusd-analysis-for-01-12-2016/