Gold analysis for 25.09.2020

Due to traders’ interest in Gold, the price is getting empowered.
The support rests at 1853.21 with resistance at 1883.48 which both lines are below the weekly pivot point at 1961.37. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1884.

gold
Source: fxglory

USDJPY analysis for 25.09.2020

Corporate Service Price Index was released in Japan. The US will publish Durable Goods Orders and Baker Hughes U.S. Rig Count.
The support rests at 105.290 with resistance at 105.640 which both lines are above the weekly pivot point at 105. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving above level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The correction pattern has been completed. USDJPY may be fluctuating within the support and resistance lines.

usdjpy
Source: fxglory

EURUSD analysis for 25.09.2020

EUR may gain some momentum due to lack of influential reports or statements by the authorities.
The support rests at 1.16490 with resistance at 1.16880 which both lines are below the weekly pivot point at 1.18270. 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 high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is trying to consolidate and move sideways within the support and resistance lines. The resistance line breakout may push the price towards 1.17500.

eurusd
Source: fxglory

USDCHF analysis for 24.09.2020

SNB Basic Interest Rate and SNB Monetary Policy Assessment were released in Switzerland and the US will publish New Home Sales, Continuing Claims and Unemployment Claims.
The support rests at 0.92030 with resistance at 0.92600 which both lines are above the weekly pivot point at 0.91010. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.92700.

usdchf
Source: fxglory

GBPUSD analysis for 24.09.2020

The forthcoming speech of Bank of England president Andrew Bailey may put pressure on the GBP. The reports from the US economy will be the influential factor for GBPUSD.
The support rests at 1.26950 with resistance at 1.27610 which both lines are below the weekly pivot point at 1.29030. 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 rising towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The resistance level breakout will confirm the growth towards 1.28100; long-term traders and expect further decline.

gbpusd
Source: fxglory

EURUSD analysis for 24.09.2020

The reports from Germany may support EUR from further decline. The US treasury yields grew.
The support rests at 1.16380 with resistance at 1.17010 which both lines are below the weekly pivot point at 1.18270. 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.
While EUR might consolidate a bit on the first half of the day, further drop is expected towards 1.15800.

eurusd
Source: fxglory

NZDUSD analysis for 23.09.2020

New Zealand reported RBNZ Rate Statement and Official Cash Rate. There will be FOMC Members’ talks.
The support rests at 0.65750 with resistance at 0.66560 which both lines are below the weekly pivot point at 0.67390. 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 moving in low ranges. 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.
As long as the bearish pressure remains, sellers can target 0.65500.

nzdusd
Source: fxglory

USDJPY analysis for 23.09.2020

PMI Manufacturing, Tertiary Industry Index, All Industry Activity Index were released in Japan and BOJ Governor Haruhiko Kuroda Speaks. In the US Federal Reserve Chairman Jerome Powell speaks as well.
The support rests at 104.630 with resistance at 105.530 which the weekly pivot point at 105 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While considering pullbacks on the way, if the weekly pivot point is broken, further growth can be expected towards level 61.8 of Fibonacci.

usdjpy
Source: fxglory

EURUSD analysis for 23.09.2020

There was a quiet market in Eurozone with no publications and comments. Powell’s speech put EURUSD under pressure.
The support rests at 1.16690 with resistance at 1.17230 which both lines are below the weekly pivot point at 1.18270. 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.

It seems that EURUSD is not currently considering the correction pattern. The bearish pressure might drag the price down towards 1.16600.

eurusd
Source: fxglory

AUDUSD analysis for 22.09.2020

The Australian dollar is acting weak against the USD. RBA Deputy Governor Guy Debelle Speaks.
The support rests at 0.71990 with resistance at 0.72490 which both lines are below the weekly pivot point at 0.72960. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.71700.

audusd
Source: fxglory