AUDUSD analysis for 07.12.2016

AUD is getting weak due to the RBA decision to leave the rate unchanged. The support rests in 0.74160 with resistance at 0.74480 which the weekly pivot point at 0.74420 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 on the 50 area, the MACD indicator is moving in neutral zone and the Stochastic is showing downward momentum. The ADX is showing sell signal. Considering the weak AUD, bullish movement is mostly probable therefore buyers can target 0.7550.

https://fxglory.com/audusd-analysis-for-07-12-2016/

USDJPY analysis for 07.12.2016

Since there were no important economic reports in Japan, USDJPY is chiefly under the influence of the US economic reports such as: trade Balance and Factory Orders. The support rests at 113.830 with resistance at 114.530 which both lines are above the weekly pivot point at 113.010. The EMA of 10 is moving with bullish bias and it is located above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. Long positions are recommended targeting 115.00.

https://fxglory.com/usdjpy-analysis-for-07-12-2016/

EURUSD analysis for 07.12.2016

While EUR is being supported by the positive GDP in Eurozone and Factory Orders in Germany, it is also under the influence of the recent changes in Italy. The support rests at 1.07110 with resistance at 1.07270 which both lines are above the weekly pivot point at 1.06480. The EMA of 10 is moving horizontally and it has crossed the EMA of 100 but it is below the EMA of 200. The RSI is moving above the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing a weak buy signal. The chart seems bearish for now targeting 1.0700.

https://fxglory.com/eurusd-analysis-for-07-12-2016/

AUDUSD analysis for 06.12.2016

AUD gained momentum due to the commodity prices and upbeat Services PMI in China. The support rests in 0.74320 with resistance at 0.74720 which the weekly pivot point at 0.74420 is located in between the lines. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 area, the MACD indicator is moving in neutral zone and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. Short positions are recommended targeting 0.7400 area.


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

GBPUSD analysis for 06.12.2016

GBP is acting stronger against USD due to the UK’s upbeat Services PMI from Markit. The support rests at 1.27240 with resistance at 1.27580 which both lines are above the weekly pivot point at 1.26390. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges while showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signal. Long positions are recommended targeting 1.2800 area.

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

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/