Monday, October 23, 2017

GBPUSD analysis for 23.10.2017

GBP has been supported by the result of Brexit negotiations which this helped GBP against the strong USD. The support rests at 1.31650 with resistance at 1.32190 which the weekly pivot point at 1.31940 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and MACD indicator is in negative territory. The ADX is showing weak buy signals. Short positions are recommended towards 1.3037. https://fxglory.com/gbpusd-analysis-for-23-10-2017/

EURUSD analysis for 23.10.2017

EUR is under pressure because of the situation in Spain and today no important economic reports will be published in Eurozone or the US. The support rests at 1.17480 with resistance at 1.17760 which both lines are below the weekly pivot point at 1.17880. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing sell signals. The support level seems to be too strong to be broken therefore EURUSD will start its correction pattern towards 1.1850. https://fxglory.com/eurusd-analysis-for-23-10-2017/

AUDUSD analysis for 23.10.2017

As a result of divergence in monetary policy between the Reserve Bank of Australia and the U.S. Federal Reserve, AUDUSD has been moving with bearish bias. The support rests at 0.77950 with resistance at 0.78310 which both lines are below the weekly pivot point at 0.78370. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 0.7740. https://fxglory.com/audusd-analysis-for-23-10-2017/

Friday, October 20, 2017

USDJPY analysis for 20.10.2017

There are no major economic reports in Japan or the US but it seems that the US is acting stronger than before. The support rests at 112.810 with resistance at 113.440 which both lines are above the weekly pivot point at 112.110. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. USDJPY will continue its bullish trend towards 114.5. https://fxglory.com/usdjpy-analysis-for-20-10-2017/

Gold analysis for 20.10.2017

Even the better than expected Treasury yields could not support USD against Gold however, gold will be under pressure due to geopolitical issues about North Korea. The support rests at 1274.95 with resistance at 1291.95 which both lines are below the weekly pivot point at 1296.23. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 1270. https://fxglory.com/gold-analysis-for-20-10-2017/

EURUSD analysis for 20.10.2017

USD was empowered when the decisions were made regarding the tax reform bill. The support rests at 1.17760 with resistance at 1.18450 which the weekly pivot point at 1.18050 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing sell signals. Short positions are recommended towards 1.170. https://fxglory.com/eurusd-analysis-for-20-10-2017/

Wednesday, October 18, 2017

USDJPY analysis for 18.10.2017

Japan is not releasing any economic reports today but the US will release Crude Oil Inventories, Housing Starts and Building Permits. The support rests at 112.170 with resistance at 112.670 which both lines are above the weekly pivot point at 112.110. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 100 and above the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Long positions are recommended towards 61.8 level of Fibonacci at 112.9. https://fxglory.com/usdjpy-analysis-for-18-10-2017/