#fxglory forex

[fxglory-blog]

EURUSD analysis for 13.02.2017

 The strong French Non-Farm Payrolls could not help EUR to grow due to several elections in France, Italy and Germany.  The support rests at 1.05850 with resistance at 1.06650 which both lines are below the weekly pivot point at 1.06770. 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 rising towards the 50 level area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing a buy signal.  EURUSD is creating a correction pattern after leaving the previous low at 1.0606 therefore it will rise towards the 50 level of Fibonacci retracement.

https://fxglory.com/eurusd-analysis-for-13-02-2017/

[fxglory-blog]

USDJPY analysis for 13.02.2017

 USD was empowered due to Trump’s decision regarding the “One China” policy.  The support rests at 113.470 with resistance at 114.110 which both lines are above the weekly pivot point at 113.150. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving horizontally close to the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.  Long positions are recommended targeting 114.551.

https://fxglory.com/usdjpy-analysis-for-13-02-2017/

[fxglory-blog]

USDCAD analysis for 13.02.2017

 USDCAD is falling within the descendant channel creating lower lows and lower highs.  The pair is finding support at 1.30620 with resistance at 1.31380 which both lines are above the weekly pivot point at 1.30520. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals.  The support level breakthrough will smooth the way for further decline targeting 1.3050.

https://fxglory.com/usdcad-analysis-for-13-02-2017/

[fxglory-blog]

USDJPY analysis for 09.02.2017

 The high demand for the US Treasury bond yields supported the USD.  The support rests at 111.900 with resistance at 112.460 which both lines are below the weekly pivot point at 113.180. 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 rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals.  USDJPY is rising towards the 38.2 level of Fibonacci targeting 113 area.

https://fxglory.com/usdjpy-analysis-for-09-02-2017/

[fxglory-blog]

USDCAD analysis for 08.02.2017

 CAD is acting weak against its American counterpart due to the oil price and the strong USD.  The pair is finding support at 1.31600 with resistance at 1.31890 which both lines are above the weekly pivot point at 1.30520. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and below the EMA of 200. The RSI is falling towards the 50 level, the MACD indicator is in positive territory but the Stochastic is showing downward momentum. The ADX is showing a buy signal. 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.  The pair will continue its growth towards 1.31

https://fxglory.com/usdcad-analysis-for-08-02-2017/

[fxglory-blog]

GBPUSD analysis for 08.02.2017

 While Like-For-Like Retail Sales and Halifax House Prices supported GBP, Brexit is leaving negative impact on this currency.  The support rests at 1.24730 with resistance at 1.25090 which both lines are below the weekly pivot point at 1.25320. 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 on 50 level, the Stochastic is moving in high ranges and but the MACD indicator is in negative territory. The ADX is showing sell signals. It seems that the correction pattern is almost complete before reaching the 61.8 level of Fibonacci, therefore we stay bearish targeting 1.2300.

https://fxglory.com/gbpusd-analysis-for-08-02-2017/

[fxglory-blog]

AUDUSD analysis for 06.02.2017

 AUD was weakened due to Poor Chinese PMI, on the other hand, the US treasury bond yields supported USD. The support rests in 0.76440 with resistance at 0.76830 which both lines are above the weekly pivot point at 0.76340. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and below Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance level breakout may lead the price towards 0.7700 however it will start its bearish trend targeting 0.7550.

https://fxglory.com/audusd-analysis-for-06-02-2017/