AUDUSD analysis for 13.08.2020

Consumer Inflation Expectation, Unemployment Rate and Employment Change were released in Australia and the US will publish Unemployment Claims and Continuing Claims.
The support rests at 0.71320 with resistance at 0.72160 which the weekly pivot point at 0.71520 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, 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 is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.7240.

audusd
Source: fxglory

GBPUSD analysis for 13.08.2020

UK’s gross domestic product jumped 20.4% and the industrial production grew more than expected. While there are no major economic reports in the UK, GBPUSD will be chiefly under the influence of macro-economic data.
The support rests at 1.30060 with resistance at 1.31060 which the weekly pivot point at 1.30740 is located in between the lines. 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 moving above level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
GBPUSD is moving in a tight range. The price may grow towards 1.31500 but then sellers can target 1.29900.

gbpusd
Source: fxglory

EURUSD analysis for 13.08.2020

The fundamental background for EURUSD is remaining neutral however the new cases of coronavirus is falling down in the US.
The support rests at 1.17600 with resistance at 1.18470 which the weekly pivot point at 1.17990 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising 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 showing buy signal.
Considering the price growth, buyers can target the previous high at 1.19100.

eurusd
Source: fxglory

NZDUSD analysis for 12.08.2020

New Zealand released Official Cash Rate, RBNZ Rate Statement and there was RBNZ Press Conference. The US will publish Consumer Price Index and Crude Oil Inventories.
The support rests at 0.65300 with resistance at 0.65890 which both lines are below the weekly pivot point at 0.66220. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below 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 above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support line seems to be too strong to be broken. While considering pullbacks NZDUSD will be growing towards 0.66000.

nzdusd
Source: fxglory

USDJPY analysis for 12.08.2020

Core Machinery Orders and Prelim Machine Tool Orders were published in Japan and the US will release Consumer Price Index, Crude Oil Inventories and Federal Budget Balance.
The support rests at 106.210 with resistance at 106.900 which both lines are above the weekly pivot point at 105.900. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above 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.
USDJPY is trying to grow towards 107.300.

usdjpy
Source: fxglory

EURUSD analysis for 12.08.2020

US is under pressure due to rallies and protests and the tensions between President Trump and the democrats.
The support rests at 1.17000 with resistance at 1.17550 which both lines are below the weekly pivot point at 1.17990. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, 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 support level breakthrough will pave the way for further decline towards 1.16200.

eurusd
Source: fxglory

USDCHF analysis for 11.08.2020

Switzerland’s unemployment rate did not change and today the US will release PPI and PPI Core.
The support rests at 0.91230 with resistance at 0.91870 which the weekly pivot point at 0.91390 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the MACD line is above the signal line in the positive 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.
While considering pullbacks on the way USDCHF is growing towards 0.92100.

usdchf
Source: fxglory

GBPUSD analysis for 11.08.2020

There are no major economic reports in the US but the UK will publish Claimant Count Change, Claimant Count Rate and Average Earnings Index.
The support rests at 1.30340 with resistance at 1.31210 which the weekly pivot point at 1.30740 is located in between the lines. 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 moving on level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD will be fluctuating within the colored area.

gbpusd
Source: fxglory

EURUSD analysis for 11.08.2020

The US JOLTS job openings grew unpredictably and Euro-zone’s Sentix investor confidence index grew as well.
The support rests at 1.16960 with resistance at 1.17800 which both lines are below the weekly pivot point at 1.17990. 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 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 support level breakthrough will confirm the correction pattern but it seems that EURUSD is trying to consolidate within the lower Bollinger band.

eurusd
Source: fxglory

Gold analysis for 10.08.2020

USD is getting empowered by the US economic data.
The support rests at 2025.34 with resistance at 2042.34 which both lines are above the weekly pivot point at 2019.83. 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 level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear 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.
Long positions are recommended towards 2070.

gold
Source: fxglory