EURUSD analysis for 08.12.2017

Just when EUR wanted to gain momentum due to Brexit talks, the US economic reports supported USD. The support rests at 1.17140 with resistance at 1.17730 which both lines are below the weekly pivot point at 1.18890. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The pair is oversold and the chart has created a double top pattern. EURUSD can fall towards 1.170 area and then start its correction pattern towards 1.20. https://fxglory.com/eurusd-analysis-for-08-12-2017/

USDCHF analysis for 07.12.2017

Switzerland is publishing Unemployment Rate and Foreign Exchange Reserves and the US will release EIA Natural Gas Stocks Change. The support rests at 0.98860 with resistance at 0.99420 which both lines are above the weekly pivot point at 0.97890. The EMA of 10 is moving with bullish bias in the ascendant channel but it is located below the EMA of 200 and above the EMA of 100. The RSI is rising towards the overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Long positions are recommended towards 0.999. https://fxglory.com/usdchf-analysis-for-07-12-2017/

GBPUSD analysis for 07.12.2017

GBPUSD is under pressure due to the Breixt issue, and today there are no major economic reports in the UK therefore it is most likely that this currency remain under pressure. The support rests at 1.33500 with resistance at 1.33940 which both lines are below the weekly pivot point at 1.34120. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and MACD line is below the signal line in the negative territory. The ADX is showing sell signals. Short positions are recommended towards the 61.8 level of Fibonacci. https://fxglory.com/gbpusd-analysis-for-07-12-2017/

EURUSD analysis for 07.12.2017

As a result of Brexit deal, USD is gaining momentum leading EURUSD towards bearish movement. The support rests at 1.17770 with resistance at 1.18210 which both lines are below the weekly pivot point at 1.18890. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is moving in lower Bollinger band and it might start its correction pattern at any time; meanwhile, short positions are recommended towards 1.17. https://fxglory.com/eurusd-analysis-for-07-12-2017/

USDJPY analysis for 06.12.2017

There are no major economic reports in Japan today but the US will publish Crude Oil Inventories, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q and ADP Non-Farm Employment Change. The support rests at 111.810 with resistance at 112.590 which the weekly pivot point at 111.960 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signals. Indicators are showing mixed signals. The price may decline towards the 61.8 level of Fibonacci and later start its growth towards 113. https://fxglory.com/usdjpy-analysis-for-06-12-2017/

EURUSD analysis for 06.12.2017

EUR and USD are both acting weak and today there is the ECB Non-Monetary Policy Meeting in Eurozone and the US will release ADP employment report. The support rests at 1.18080 with resistance at 1.18600 which both lines are below the weekly pivot point at 1.18890. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signals. Short positions are recommended towards 1.1725. https://fxglory.com/eurusd-analysis-for-06-12-2017/

AUDUSD analysis for 06.12.2017

Australia has published GDP Growth Rate QoQ and YoY and the US will release ADP Employment Change and EIA Crude Oil Stocks Change. The support rests at 0.75660 with resistance at 0.76000 which both lines are below the monthly pivot point at 0.76090. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and below the EMA of 200. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance line is too strong to be broken therefore short positions are recommended towards 0.75. https://fxglory.com/audusd-analysis-for-06-12-2017/