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USDCHF analysis for 26.01.2018

Switzerland has published World Economic Forum Annual Meeting and the US will release GDP Growth Rate QoQ Adv and Durable Goods Orders MoM. The support rests at 0.93100 with resistance at 0.94210 which both lines are below the weekly pivot point at 0.96180. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend. The price is falling down towards 0.924.

https://fxglory.com/usdchf-analysis-for-26-01-2018/

GBPUSD analysis for 26.01.2018

The US Treasury Secretary comments supported GBP against the weak USD. The support rests at 1.41520 with resistance at 1.42840 which both lines are above the weekly pivot point at 1.38390. 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 rising towards the overbought area, the Stochastic is showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signal. Long positions are recommended towards the upper Bollinger band 1.44.

https://fxglory.com/gbpusd-analysis-for-26-01-2018/

EURUSD analysis for 26.01.2018

USD was weakened again as a result of the US Treasury Secretary comments. The support rests at 1.24040 with resistance at 1.24960 which both lines are above the weekly pivot point at 1.22340. 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 moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. While 1.24 will remain the floor of the market, EURUSD will rise towards 1.26.

https://fxglory.com/eurusd-analysis-for-26-01-2018/

USDJPY analysis for 25.01.2018

Japan is not releasing any economic reports but the US will publish Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. The support rests at 108.690 with resistance at 109.350 which both lines are below the weekly pivot point at 110.820. 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. Short positions are recommended towards 107.

https://fxglory.com/usdjpy-analysis-for-25-01-2018/

Gold analysis for 25.01.2018

The USD weakness along with the serious threats of global inflation have helped gold to grow towards high levels. The support rests at 1352.77 with resistance at 1367.04 which both lines are above the weekly pivot point at 1334.13. 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 upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. While there might be several pullbacks on the way, Gold will continue its bullish trend targeting 1400.

https://fxglory.com/gold-analysis-for-25-01-2018/

EURUSD analysis for 25.01.2018

USD is staying weak while EUR is getting empowered. Today, Draghi press conference may stop EUR from further rise. The support rests at 1.23910 with resistance at 1.24620 which both lines are above the weekly pivot point at 1.22340. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. EURUSD will continue its bullish trend towards 1.25 however pullbacks will be observed with the support line of 1.23.

https://fxglory.com/eurusd-analysis-for-25-01-2018/

USDCAD analysis for 24.01.2018

The Bank of Canada raised interest rates last week which it brought volatility to the market. The US will release Existing Home Sales today. The pair is finding support at 1.23230 with resistance at 1.24170 which both lines are below the weekly pivot point at 1.24600. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, 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 the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Short positions are recommended towards 1.228.

https://fxglory.com/usdcad-analysis-for-24-01-2018/

GBPUSD analysis for 24.01.2018

The Brexit is supporting GBP against the weak USD. The support rests at 1.39970 with resistance at 1.40830 which both lines are above the weekly pivot point at 1.38390. 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 upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signal. GBPUSD will continue its bullish trend targeting 1.415.

https://fxglory.com/gbpusd-analysis-for-24-01-2018/

EURUSD analysis for 24.01.2018

USD is getting weak due to the new policies of the US and EUR is empowered by the economic reports in Eurozone. The support rests at 1.22860 with resistance at 1.23540 which both lines are above the weekly pivot point at 1.22340. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.24.

https://fxglory.com/eurusd-analysis-for-24-01-2018/

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USDJPY analysis for 23.01.2018

Japan has released BoJ Interest Rate Decision and BoJ Quarterly Outlook Report but the US is not publishing any major economic reports. The support rests at 110.320 with resistance at 111.500 which the weekly pivot point at 110.820 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The indicators are not showing any strong trend direction therefore the support level breakthrough will smooth the way for further decline targeting 107 area, otherwise it will start its correction pattern towards 112.5.

https://fxglory.com/usdjpy-analysis-for-23-01-2018/

EURUSD analysis for 23.01.2018

EURUSD has been consolidating in 1.22 area due to lack of fundamental and economic reports. There will be some volatility during the final days of the week. The support rests at 1.22470 with resistance at 1.22970 which both lines are above the weekly pivot point at 1.22340. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in the positive territory. The ADX is showing buy signal. We still remain bullish on this chart targeting 1.24.

https://fxglory.com/eurusd-analysis-for-23-01-2018/

AUDUSD analysis for 23.01.2018

Gold is rising against the weak USD and this influences AUDUSD as well. The support rests in 0.79590 with resistance at 0.80330 which the weekly pivot point at 0.79730 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is falling below the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing buy 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. There are mixed signals presenting by the indicators. Most probably, AUDUSD will continue its bullish trend towards 0.81 but if the pullbacks begin, the price will decline targeting 0.78.

https://fxglory.com/audusd-analysis-for-23-01-2018/

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/

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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/

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/

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