GBPUSD analysis for 09.01.2017

There were no important economic reports in the great Britain so traders are now waiting for labour data and Trade Balance figures. The support rests at 1.21210 with resistance at 1.23010 which both lines are below the monthly pivot point at 1.24390. The EMA of 10 is falling down sharply and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in its minimum rate and the MACD indicator is in neutral territory. The ADX is showing a sell signal. The pair is not going to decline more and break the support zone therefore traders can wait for the correction pattern to target 1.2400.


https://fxglory.com/gbpusd-analysis-for-09-01-2017/

EURUSD analysis for 09.01.2017

EUR is losing power due to the weak economic reports in Eurozone such as Factory Orders and Retail Sales in Germany. The support rests at 1. 0501 with resistance at 1.05530 which both lines are above the weekly pivot point at 1.04960. The EMA of 10 is falling down along the descendant channel and it is above EMA of 100 and below the EMA of 200. The RSI is moving on 50 level area, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing a weak sell signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing horizontal trend. The resistance level breakout will push the pair to higher rates like 1.0650 otherwise, it will drop to 1.045 area.

https://fxglory.com/eurusd-analysis-for-09-01-2017/

AUDUSD analysis for 06.01.2017

There are no important economic reports in Australia therefore traders are looking at the American calendar to release US Durable Goods and US Factory Orders. The support rests in 0.72980 with resistance at 0.73540 which both lines are above the weekly pivot point at 0.72030. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving on overbought area, the MACD indicator is in the positive territory and the Stochastic is showing downward momentum. The ADX is showing a weak buy signal. The price is above the Ichimoku Cloud and it is below the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing horizontal trend. The chart seems bearish targeting 0.725 area.


https://fxglory.com/audusd-analysis-for-06-01-2017/

USDJPY analysis for 06.01.2017

USD is getting weak due to the Fed’s ambiguity about rate hike. The support rests at 115.520 with resistance at 116.400 which both lines are below the weekly pivot point at 116.940. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing a weak sell signal. The pair will continue its upward trend until it reaches the 61.8 of Fibonacci retracement at 117 area after that, short positions will be recommended.


https://fxglory.com/usdjpy-analysis-for-06-01-2017/

EURUSD analysis for 06.01.2017

There are no important economic reports in Eurozone to influence EURUSD therefore traders are looking at the US reports such as ADP Employment Change and US Initial Jobless Claims. The support rests at 1.05670 with resistance at 1.06010 which both lines are above the weekly pivot point at 1.05140. The EMA of 10 is rising sharply along the ascendant channel and it has crossed the EMA of 100 but they are both below the EMA of 200. The RSI is moving in overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing a weak buy signal. Short positions are recommended targeting 1.045 area.


https://fxglory.com/eurusd-analysis-for-06-01-2017/

USDCAD analysis for 05.01.2017

CAD was empowered due to the Oil market reports. The pair is finding support at 1.32440 with resistance at 1.33040 which both lines are below the weekly pivot point at 1.34790. 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 in oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges, showing downward momentum. The ADX is showing a strong sell signal. The price has reached the 61.8 level of Fibonacci therefore it may start is upward trend soon. 1.3260 can be sellers’ next target however, the price will grow again targeting 1.3330.


https://fxglory.com/usdcad-analysis-for-05-01-2017/

GBPUSD analysis for 05.01.2017

GBP is being supported due to economic growth after the Brexit such as Construction PMI, Mortgage Approvals and Consumer Credit. The support rests at 1.22940 with resistance at 1.23640 which the weekly pivot point at 1.23100 is located in between the lines. The EMA of 10 is moving with bullish but it is below the EMA of 100 and the EMA of 200. The RSI is rising above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing a buy signal. The price is in the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing horizontal trend. The pair will be fluctuating between 1.2200 to 1.2350 levels.


https://fxglory.com/gbpusd-analysis-for-05-01-2017/