Thursday, January 18, 2018

Gold analysis for 18.01.2018

Gold is losing momentum since yesterday trading session. The support rests at 1323.44 with resistance at 1334.04 which the weekly pivot point at 1327.93 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving below 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 signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Short positions are recommended towards 1309. https://fxglory.com/gold-analysis-for-18-01-2018/

GBPUSD analysis for 18.01.2018

GBP is keeping its power against the weak USD hoping for the positive impact from the Brexit talks and BOE decisions regarding the rate hikes. The support rests at 1.37830 with resistance at 1.38540 which both lines are above the weekly pivot point at 1.36420. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signals. Long positions are recommended towards 1.40. https://fxglory.com/gbpusd-analysis-for-18-01-2018/

EURUSD analysis for 18.01.2018

USD gained momentum yesterday but it was not enough to create a correction pattern. The support rests at 1.21600 with resistance at 1.22190 which both lines are above the weekly pivot point at 1.21100. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 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 not showing any clear signals. EURUSD may drop towards the lower Bollinger band but long term traders can target 1.24. https://fxglory.com/eurusd-analysis-for-18-01-2018/

Tuesday, January 16, 2018

GBPUSD analysis for 16.01.2018

The USD weakness has led to the GBPUSD bullish chart. The crucial inflation data from the UK is the most influential event for today. The support rests at 1.37550 with resistance at 1.38140 which both lines are above the weekly pivot point at 1.36420. The EMA of 10 is moving with bullish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing downward momentum and MACD line is above the signal line in the positive territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.3846. https://fxglory.com/gbpusd-analysis-for-16-01-2018/

EURUSD analysis for 16.01.2018

The USD bears are still weakening this currency and on the other hand, EUR is gaining power. The support rests at 1.22020 with resistance at 1.22890 which both lines are above the weekly pivot point at 1.21100. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing weak buy signal. The support level breakthrough will push the price down towards 0.21 however, this would remain the floor of the market and EURUSD will continue its bullish trend towards 1.235. https://fxglory.com/eurusd-analysis-for-16-01-2018/

AUDUSD analysis for 16.01.2018

Australia has published New Motor Vehicle Sales. The support rests at 0.79480 with resistance at 0.79820 which both lines are above the weekly pivot point at 0.78810. 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 MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 0.81. https://fxglory.com/audusd-analysis-for-16-01-2018/

Monday, January 15, 2018

USDJPY analysis for 15.01.2018

While there are no economic reports in the US, Japan has published M2 Money Stock y/y data. The support rests at 110.580 with resistance at 110.920 which both lines are below the weekly pivot point at 111.76. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and 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 will decline within Andrews’ pitchfork targeting 109.5. https://fxglory.com/usdjpy-analysis-for-15-01-2018/