Friday, April 28, 2017

USDCAD analysis for 28.04.2017

USDCAD has been choppy due to Trump’s actions regarding NAFTA agreement and the oil prices. The pair is finding support at 1.36200 with resistance at 1.36690 which both lines are above the weekly pivot point at 1.34270. 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 horizontally in the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. As long as the 1.362 level of support is staying intact, we stay bullish on this chart. https://fxglory.com/usdcad-analysis-for-28-04-2017/

GBPUSD analysis for 28.04.2017

The Great Britain has published GDP Growth Rate and BBA Mortgage Approvals and the US is releasing Employment Cost Index. The support rests at 1.28790 with resistance at 1.29290 which both lines are above the weekly pivot point at 1.27390. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended targeting 1.3. https://fxglory.com/gbpusd-analysis-for-28-04-2017/

EURUSD analysis for 28.04.2017

The ECB meeting led to the rates staying unchanged however, EUR is empowered by the inflation rate in Germany and Spain. The support rests at 1.08490 with resistance at 1.08790 which both lines are above the weekly pivot point at 1.07010. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing weak sell signals. Considering the strong EUR, the pair will continue its bullish trend along the ascendant channel targeting 1.09 however, taking the indicators into account, short positions are recommended towards the 61.8 level of Fibonacci. It’s better to leave EURSD today and wait for better signals. https://fxglory.com/eurusd-analysis-for-28-04-2017/

Thursday, April 27, 2017

USDJPY analysis for 27.04.2017

Japan is publishing some economic data such as BOJ Policy Rate, BOJ Outlook Report and Monetary Policy Statement along with the US releasing Natural Gas Storage, Pending Home Sales and Prelim Wholesale Inventories. The support rests at 110.950 with resistance at 111.710 which both lines are above the weekly pivot point at 108.880. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in middle ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended targeting 112. https://fxglory.com/usdjpy-analysis-for-27-04-2017/

NZDUSD analysis for 27.04.2017

NZDUSD is under the influence of some economic reports such as New Zealand Import and Export data and the US Jobless Claims. The support rests at 0.68810 with resistance at 0.69350 which both lines are below the weekly pivot point at 0.70210. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is moving horizontally in oversold area, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing weak sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended targeting 0.67. https://fxglory.com/nzdusd-analysis-for-27-04-2017/

EURUSD analysis for 27.04.2017

Trump’s announcement regarding the tax cut left impacts on EURUSD; also this pair will be under the influence of the ECB rate announcement. The support rests at 1.08920 with resistance at 1.09260 which both lines are above the weekly pivot point at 1.07010. 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 horizontally in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The resistance level breakout will smooth the way for further growth targeting 1.1 area otherwise the price will fall towards the 61.8 level of Fibonacci. https://fxglory.com/eurusd-analysis-for-27-04-2017/

Wednesday, April 26, 2017

GBPUSD analysis for 26.04.2017

The US is releasing Mortgage Applications, Oil and Gasoline Stocks Change and 5-Year Note Auction. GBPUSD has been fluctuating within the rectangle for almost a week. The support rests at 1.27920 with resistance at 1.28480 which both lines are above the weekly pivot point at 1.27390. The EMA of 10 is moving horizontally along the channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and MACD indicator is in positive territory. The ADX is not showing any clear signals. GBPUSD will continue its fluctuation; falling towards 1.279 area and rising towards 1.285. https://fxglory.com/gbpusd-analysis-for-26-04-2017/

EURUSD analysis for 26.04.2017

EURUSD has been growing since the French Election and it seems that this pair will be chiefly under the influence of this event until it finishes. The support rests at 1.09140 with resistance at 1.09480 which both lines are above the weekly pivot point at 1.07010. 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 horizontally in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Bull are still controlling the chart towards 1.10 level, however pullbacks can start soon towards the 61.8 level of Fibonacci. https://fxglory.com/eurusd-analysis-for-26-04-2017/

AUDUSD analysis for 26.04.2017

AUD is under pressure due to the Trump’s decision regarding dairy products, housing industry and labor markets. The support rests at 0.74800 with resistance at 0.75450 which both lines are below the weekly pivot point at 0.75480. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is falling towards the oversold, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended targeting 0.7450. https://fxglory.com/audusd-analysis-for-26-04-2017/

Tuesday, April 25, 2017

USDJPY analysis for 25.04.2017

Japan is releasing SPPI y/y data and the US is publishing some economic reports such as Richmond Manufacturing Index and New Home Sales. The support rests at 109.850 with resistance at 110.510 which both lines are above the weekly pivot point at 108.880. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 111. https://fxglory.com/usdjpy-analysis-for-25-04-2017/

Gold analysis for 25.04.2017

Gold is chiefly under the influence of the news coming from the French Election and North Korea. The support rests at 1265.30 with resistance at 1276.22 which both lines are below the weekly pivot point at 1287.75. The EMA of 10 is moving with bearish bias along the descendant channel but it is above 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. Short positions are recommended targeting 61.8 level of Fibonacci around 1260. https://fxglory.com/gold-analysis-for-25-04-2017/

EURUSD analysis for 25.04.2017

EUR is being empowered by the French Election. The support rests at 1.08540 with resistance at 1.09060 which both lines are above the weekly pivot point at 1.07010. 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 horizontally in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The pair may grow to 1.0900 however, sellers can target 1.0800 for their long term trade. https://fxglory.com/eurusd-analysis-for-25-04-2017/

Monday, April 24, 2017

NZDUSD analysis for 24.04.2017

The USD is acting stronger against NZD due to its economic reports, however NZDUSD is also under the influence of the French Election. The support rests in 0.70230 with resistance at 0.70530 which the monthly pivot point at 0.70270 is located in between the lines. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The support line seems to be strong to be broken therefore long positions are recommended targeting 0.7050. https://fxglory.com/nzdusd-analysis-for-24-04-2017/

GBPUSD analysis for 24.04.2017

GBP had a sudden growth due to the positive economic reports in the UK, however this currency is still under the influence of the Brexit process. The support rests at 1.27850 with resistance at 1.28470 which both lines are above the weekly pivot point at 1.27390. The EMA of 10 is moving horizontally within the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in medium ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The support level seems to breaking and paving the way for further decline targeting 1.2700. https://fxglory.com/gbpusd-analysis-for-24-04-2017/

EURUSD analysis for 24.04.2017

The main event has been the French election which has caused the sudden growth of EURUSD. The support rests at 1.08240 with resistance at 1.08900 which both lines are above the weekly pivot point at 1.07010. 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 horizontally in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. All these bullish signals have been created due to the market shock therefore things will get back to normal soon. Short positions are recommended targeting 1.0650. https://fxglory.com/eurusd-analysis-for-24-04-2017/

Friday, April 21, 2017

USDJPY analysis for 21.04.2017

Japan is releasing some economic reports such as Tertiary Industry Activity m/m and Flash Manufacturing PMI along with the US publishing Existing Home Sales, Flash Services PMI and Flash Manufacturing PMI. The support rests at 109.100 with resistance at 109.450 which both lines are below the weekly pivot point at 109.570. The EMA of 10 is moving with bullish bias and it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally above the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing weak buy signals. Long positions are recommended targeting 110. https://fxglory.com/usdjpy-analysis-for-21-04-2017/

EURUSD analysis for 21.04.2017

EUR is under the influence of German and French Flash Services PMI and German and French Flash Manufacturing PMI in Eurozone and The US is publishing Existing Home Sales, Flash Services PMI and Flash Manufacturing PMI. The support rests at 1.07050 with resistance at 1.07260 which both lines are above the weekly pivot point at 1.06180. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is moving in low levels and the MACD indicator is in positive territory. The ADX is not showing any clear signals. We stay bullish for this chart targeting 1.080. https://fxglory.com/eurusd-analysis-for-21-04-2017/

AUDUSD analysis for 21.04.2017

There are no important economic reports in Australia therefore AUDUSD is chiefly under the influence of the American economic reports. The support rests at 0.75080 with resistance at 0.75420 which both lines are below the weekly pivot point at 0.75480. 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 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. 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. AUDUSD is climbing up the ascendant channel targeting 0.76. https://fxglory.com/audusd-analysis-for-21-04-2017/

Thursday, April 20, 2017

USDCAD analysis for 20.04.2017

CAD is under the influence of the Oil price decline. The pair is finding support at 1.34580 with resistance at 1.34820 which both lines are above the weekly pivot point at 1.33240. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving in the overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Taking CAD as the weak currency, bulls will take the control of the chart pushing the price towards 1.35. https://fxglory.com/usdcad-analysis-for-20-04-2017/

GBPUSD analysis for 20.04.2017

There are no important economic reports for GB today however; the US is publishing Fed Powell Speech and the Initial Jobless Claims reports. The support rests at 1.27820 with resistance at 1.28540 which both lines are above the weekly pivot point at 1.24860. The EMA of 10 is moving with bullish bias along 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 upward momentum and MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended targeting 1.2900 followed by 1.30. https://fxglory.com/gbpusd-analysis-for-20-04-2017/

EURUSD analysis for 20.04.2017

The French presidential election is the most influential event for EUR. The support rests at 1.07030 with resistance at 1.07390 which both lines are above the weekly pivot point at 1.06180. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The chart seems bullish targeting 1.08 area, however, the support level breakthrough will smooth the way for further decline targeting 1.0680. https://fxglory.com/eurusd-analysis-for-20-04-2017/

Tuesday, April 18, 2017

USDJPY analysis for 18.04.2017

Japan is in tension with North Korea actions which influences this currency. The support rests at 108.770 with resistance at 109.310 which both lines are below the weekly pivot point at 109.570. The EMA of 10 is moving with bullish bias and it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The price will continue its decline targeting 107. https://fxglory.com/usdjpy-analysis-for-18-04-2017/

EURUSD analysis for 18.04.2017

The US is giving economic reports such as Building Permits, Capacity Utilization and Manufacturing Production. The support rests at 1.06340 with resistance at 1.06560 which both lines are above the weekly pivot point at 1.06180. The EMA of 10 is moving with bullish bias but it is below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. Short positions are recommended targeting 1.055. https://fxglory.com/eurusd-analysis-for-18-04-2017/

AUDUSD analysis for 18.04.2017

While Australia has only published RBA Meeting Minutes, the US is publishing Manufacturing Production, Industrial Production, Capacity Utilization and USD Industrial Production. The support rests in 0.75360 with resistance at 0.75940 which both lines are below the weekly pivot point at 0.76220. The EMA of 10 is moving with bullish bias and it is located between the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. AUDUSD will continue its bearish trend targeting 0.74. https://fxglory.com/audusd-analysis-for-18-04-2017/

Monday, April 17, 2017

USDCAD analysis for 17.04.2017

USD has been under pressure due to Trump’s comments and USDCAD will be also under the influence of BOC keeping the rates on hold. The pair is finding support at 1.32910 with resistance at 1.33130 which both lines are below the weekly pivot point at 1.33240. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and above the EMA of 200. The RSI is moving horizontally on the 50 level, 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 in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended targeting 1.32250. https://fxglory.com/usdcad-analysis-for-17-04-2017/

GBPUSD analysis for 17.04.2017

While Trump’s speech is leaving negative impacts on USD, EUR is still under the influence of the Brexit issues. The support rests at 1.25270 with resistance at 1.242549 which both lines are above the weekly pivot point at 1.24860. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Regardless of the indicators, downward trend is the most likely scenario targeting 1.24. https://fxglory.com/gbpusd-analysis-for-17-04-2017/

EURUSD analysis for 17.04.2017

There hasn’t been much economic reports due to the Good Friday holiday. The support rests at 1.06020 with resistance at 1.06350 which both lines are below the monthly pivot point at 1.06840. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is moving in middle ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals. The market is stable at the moment but it will get more volatile until the end of today; however, it seems that bears will still be in charge to send the price to 0.0550 area. https://fxglory.com/eurusd-analysis-for-17-04-2017/

Friday, April 14, 2017

USDJPY analysis for 14.04.2017

USDJPY is under the influence of Industrial Production and Capacity Utilization reports in Japan and the US is publishing Inflation Rate and Retail Sales. The support rests at 108.740 with resistance at 109.190 which both lines are below the weekly pivot point at 110.900. The EMA of 10 is moving with bearish bias and it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally in oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals. The support level breakthrough will smooth the way for further decline targeting 108 area. https://fxglory.com/usdjpy-analysis-for-14-04-2017/

NZDUSD analysis for 14.04.2017

There are no important economic reports for NZDUSD to influence this pair today. The support rests in 0.69770 with resistance at 0.70030 which both lines are above the weekly pivot point at 0.69600. The EMA of 10 is moving with bullish bias along the ascendant channel and it has reached the EMA of 100 but both are below the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in positive territory and the Stochastic is moving towards low ranges. The ADX is not showing any clear signals. 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. Long positions are recommended targeting 0.71 area. https://fxglory.com/nzdusd-analysis-for-14-04-2017/

EURUSD analysis for 14.04.2017

There have been no economic reports in the EUR zone due to Good Friday; however, the US is publishing Inflation Rate and Retail Sales. The support rests at 1.06000 with resistance at 1.06300 which the weekly pivot point at 1.06190 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel but it is below the EMA of 100 and the EMA of 200. The RSI is falling below the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals. EURUSD will continue its bearish trend towards the support area along Andrews’ pitchfork. https://fxglory.com/eurusd-analysis-for-14-04-2017/

Thursday, April 13, 2017

GBPUSD analysis for 13.04.2017

The Great Britain is not announcing any special economic reports; however, the US is giving the Initial Jobless Claims report. The support rests at 1.25320 with resistance at 1.25900 which both lines are above the weekly pivot point at 1.24300. The EMA of 10 is moving with bullish bias along 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 moving in high ranges and MACD indicator is in positive territory. The ADX is showing buy signals. As the price has already reached the 78.6 level of Fibonacci, pullbacks can start very soon. The support level breakthrough will smooth the way for further decline targeting 1.2400 otherwise it will grow to 1.26. https://fxglory.com/gbpusd-analysis-for-13-04-2017/

EURUSD analysis for 13.04.2017

Inflation rate in Germany and Italy is going to be announced soon followed by Initial Jobless Claims in the US. The support rests at 1.06520 with resistance at 1.06880 which both lines are above the weekly pivot point at 1.06190. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. EURUSD will continue its bullish trend targeting the 50th level of Fibonacci at 1.7. https://fxglory.com/eurusd-analysis-for-13-04-2017/

AUDUSD analysis for 13.04.2017

Australia has published Consumer Inflation Expectations, AUD Participation Rate and Unemployment Rate. The support rests in 0.75730 with resistance at 0.76210 which both lines are above the weekly pivot point at 0.75440. 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 in the overbought area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. The 0.76 level of resistance seems to be too strong to be broken therefore the pair might continue its bullish trend for a short time but it will drop towards 0.7450 soon. https://fxglory.com/audusd-analysis-for-13-04-2017/

Wednesday, April 12, 2017

USDJPY analysis for 12.04.2017

USDJPY is under the influence of some economic reports such as 30-y Bond Auction, Core Machinery Orders m/m and Bank Lending y/y data in Japan and Federal Budget Balance, 30-y Bond Auction and Import Prices m/m in the US. The support rests at 109.240 with resistance at 109.730 which both lines are below the weekly pivot point at 110.900. The EMA of 10 is moving with bearish bias and it is below 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 the MACD indicator is in negative territory. The ADX is showing sell signals. USDJPY has already created its bullish candle targeting 112. https://fxglory.com/usdjpy-analysis-for-12-04-2017/

USDCAD analysis for 12.04.2017

Oil price fluctuation made USDCAD more volatile. The pair is finding support at 1.33050 with resistance at 1.33440 which both lines are below the weekly pivot point at 1.33830. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and below the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is showing a weak sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Short positions are recommended targeting 1.31. https://fxglory.com/usdcad-analysis-for-12-04-2017/

EURUSD analysis for 12.04.2017

It seems that EURUSD has started its bullish trend recovering from the previous decline. The support rests at 1.05830 with resistance at 1.06360 which the weekly pivot point at 1.06190 is located in between the lines. The EMA of 10 is moving horizontally below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Long positions are recommended targeting 1.065 https://fxglory.com/eurusd-analysis-for-12-04-2017/

Tuesday, April 11, 2017

NZDUSD analysis for 11.04.2017

NZDUSD is moving with bearish bias creating lower highs and lower lows. The support rests in 0.69350 with resistance at 0.69670 which the weekly pivot point at 0.69600 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 100 and the EMA of 200. The RSI is falling below the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. 0.6850 is the most probable scenario; however, the resistance level breakout will make the pair grow to 0.70. https://fxglory.com/nzdusd-analysis-for-11-04-2017/

GBPUSD analysis for 11.04.2017

GBPUSD is chiefly under the influence of Inflation figures and J.Yellen’s comments. The support rests at 1.23990 with resistance at 1.24410 which the weekly pivot point at 1.24300 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 horizontally below the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. Considering the mixed signals of indicators, the resistance level breakout will smooth the way for further growth targeting 1.2500, otherwise it will drop to 1.2300. https://fxglory.com/gbpusd-analysis-for-11-04-2017/

EURUSD analysis for 11.04.2017

EUR is acting weak against USD despite the Investor Confidence Report. The support rests at 1.05750 with resistance at 1.05990 which both lines are below the weekly pivot point at 1.06190. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally in the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals. Short positions are recommended targeting 1.0550. https://fxglory.com/eurusd-analysis-for-11-04-2017/

USDJPY analysis for 10.04.2017

USDJPY is under the influence of USA bombing a Syrian airbase. The support rests at 111.240 with resistance at 111.660 which both lines are above the weekly pivot point at 110.900. The EMA of 10 is moving with bullish bias but it is below the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. USDJPY is falling towards 110 area. https://fxglory.com/usdjpy-analysis-for-10-04-2017/

EURUSD analysis for 10.04.2017

EUR is under pressure due to Germany Export and Import reports while it is being supported by the strong Trade Balance. EURUSD is also under the influence of M.Draghi’s comments. The support rests at 1.05640 with resistance at 1.0608 which both lines are below the weekly pivot point at 1.06190. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. The price will rise within Andrews’ pitchfork targeting 0.61 area. https://fxglory.com/eurusd-analysis-for-10-04-2017/

AUDUSD analysis for 10.04.2017

AUD is getting weak by the disappointing Performance of Construction Index. The support rests in 0.74590 with resistance at 0.75210 which both lines are below the weekly pivot point at 0.75440. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is in low ranges. The ADX is showing buy signals. 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. According to the indicators, AUDUSD must continue its bearish trend targeting 0.74 area. https://fxglory.com/audusd-analysis-for-10-04-2017/

Friday, April 7, 2017

USDCAD analysis for 07.04.2017

USDCAD is under the influence of Employment Rate in Canada and Average Hourly Earnings, Manufact and NonFarm Payrolls and Unemployment Rate in the US. The pair is finding support at 1.33740 with resistance at 1.34240 which both lines are above the weekly pivot point at 1.33370. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend. Long positions are recommended targeting 1.347. https://fxglory.com/usdcad-analysis-for-07-04-2017/

GBPUSD analysis for 07.04.2017

GBPUSD has been fluctuating within the descendant channel since the previous high at 1.26140. The support rests at 1.24430 with resistance at 1.24870 which both lines are below the weekly pivot point at 1.25120. The EMA of 10 is moving with bearish bias along the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below the 50 level, the Stochastic is moving in low ranges and MACD indicator is in negative territory. The ADX is showing sell signals. The resistance level breakout will make the pair grow towards 1.25, otherwise, it will drop to 1.24 https://fxglory.com/gbpusd-analysis-for-07-04-2017/

EURUSD analysis for 07.04.2017

EUR empowerment by the Fed minutes did not remain long since this currency was weakened after the disappointing Factory Orders reports in Germany. The support rests at 1.06250 with resistance at 1.06710 which both lines are below the weekly pivot point at 1.07350. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing a weak sell signal. Considering the bearish signal that the indicators are showing, EURUSD may fall towards 1.60 however, it will continue its fluctuation within the resistance and support area https://fxglory.com/eurusd-analysis-for-07-04-2017/

USDJPY analysis for 06.04.2017

While USD was being empowered against JPY, it lost its power due to risk-off sentiment after North Korea fired ballistic missile. The support rests at 110.290 with resistance at 110.670 which both lines are below the weekly pivot point at 111.230. The EMA of 10 is moving with bearish bias and it is below 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 the MACD indicator is in negative territory. The ADX is not showing any clear signals. The support level breakthrough is a good sign for sellers to target 110 area, otherwise the pair will rise towards 112. https://fxglory.com/usdjpy-analysis-for-06-04-2017/

NZDUSD analysis for 06.04.2017

NZD was supported by New Zealand’s AAA rating. The support rests in 0.69540 with resistance at 0.69840 which both lines are below the weekly pivot point at 0.70140. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in middle 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. The pair will continue its bearish trend targeting 0.69. https://fxglory.com/nzdusd-analysis-for-06-04-2017/

EURUSD analysis for 06.04.2017

EUR is under pressure due to Weak PMIs in the Eurozone. The support rests at 1.06590 with resistance at 1.06850 which both lines are below the weekly pivot point at 1.07350. The EMA of 10 is moving horizontally below the EMA of 100 and the EMA of 200. The RSI is falling towards the oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing a weak sell signal. EURUSD has not been volatile since yesterday and it has been fluctuating within support and resistance area. In case of the price growth, buyers can target 1.0750. https://fxglory.com/eurusd-analysis-for-06-04-2017/

Wednesday, April 5, 2017

GBPUSD analysis for 05.04.2017

GBP is being weakened due to UK’s PMI Construction. The support rests at 1.24280 with resistance at 1.24540 which both lines are below the weekly pivot point at 1.25120. The EMA of 10 is moving with bearish bias along the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally below the 50 level, the Stochastic is moving in low ranges and MACD indicator is in negative territory. The ADX is showing sell signals. The bearish trend will continue until it reaches 1.2400, however, GBPUSD will start its growth towards 1.2598 soon. https://fxglory.com/gbpusd-analysis-for-05-04-2017/

EURUSD analysis for 05.04.2017

EUR is being supported due to strong Producer Price Index in the Eurozone. The support rests at 1.06590 with resistance at 1.06850 which both lines are below the weekly pivot point at 1.07350. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. 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 a weak sell signal. Short positions are recommended targeting 78.6 level of Fibonacci at 1.060. https://fxglory.com/eurusd-analysis-for-05-04-2017/