USDJPY analysis for 16.09.2016

Due to the weak US statistics, Yen is gaining momentum. This pair will be under the influence of BoJ and the Fed’s meeting the next week
The support rests at 101.780 with resistance at 102.260 which both lines are below the weekly pivot point at 102.660. The EMA of 10 is moving with bearish bias and it is crossing the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in its minimum rate and the MACD indicator is in neutral territory.
Long positions are recommended targeting 102.50.

usdjpy
Source: fxglory

EURUSD analysis for 15.09.2016

EURUSD is chiefly under the influence of Industrial Production report in the Eurozone.
Now the support rests at 1.12280 with resistance at 1.12580 which both lines are above the monthly pivot point at 1.11890. The EMA of 10 is moving with bearish bias above the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum.
While sellers are waiting for the 1.11 area, the might be a price growth soon targeting 1.1270.

eurusd
Source: fxglory

USDJPY analysis for 15.09.2016

As BoJ is easing its monetary policy, JPY is getting weak.
The support rests at 101.720 with resistance at 102.780 and the weekly pivot point is located below the resistance zone at 102.660. The EMA of 10 is moving with bearish bias and it is located above EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory.
Long positions ae recommended with the target at 104.50.

usdjpy
Source: fxglory

GBPUSD analysis for 09.09.2016

GBPUSD is under the influence of Manufacturing Production report and Governor Carney’s speech.
The support rests at 1.32960 with resistance at 1.33500 which both lines are above the weekly pivot point at 1.32330. The EMA of 10 is moving with bearish bias along the descendant channel and it is located above the EMA of 100. The RSI is moving on 50 level, the Stochastic has reached its minimum rate and it is showing upward momentum and the MACD indicator is in positive territory heading down.
Long positions are recommended with the target at 1.3400.

gbpusd
Source: fxglory

USDJPY analysis for 09.09.2016

USDJPY is under the influence of revised GDP report in Japan.
The support rests at 101.790 with resistance at 102.410 which both lines are below the weekly pivot point at 103.320. The EMA of 10 is moving with bullish bias and it is getting close to the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and it has reached its maximum rate and the MACD indicator is in negative territory heading up.
Buyers can target 102.50 area.

usdjpy
Source: fxglory

AUDUSD analysis for 09.09.2016

AUDUSD is under the influence of Australian Bureau of Statistics.
The support rests in 0.76250 with resistance at 0.76630 which both lines are above the weekly pivot point 0.75580. The EMA of 10 is moving with bearish bias above the EMA of 100. The RSI has dropped to 50 level and is moving horizontally, the MACD indicator is positive territory heading down and the Stochastic is moving in its minimum rate.
The pair seems bearish at the moment, it may fall towards the support area.

audusd
Source: fxglory

USDJPY analysis for 08.09.2016

USDJPY is under the influence of Foreign Reserves report and the less possibility of policy softening in September.
This pair is moving with bearish bias creating a correction pattern after the growth to 104 area. The support rests at 101.230 with resistance at 101.930 which both lines are below the weekly pivot point at 103.320. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory heading down.
The bearish pattern still continues, short positions are recommended with the target at 100.40.

USDJPY
Source: fxglory

USDCAD analysis for 08.09.2016

USDCAD is under the influence of the oil prices growth and the BoC meeting results.
The pair is finding support at 1.28610 with resistance at 1.28810 which both lines are below the weekly pivot point at 1.30370. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving below the 50 level and the MACD indicator is in negative territory however the Stochastic is moving in high ranges indicating price fall.
The pair may reach 1.29 area but it would go back to 1.28 area again.

usdcad
Source: fxglory

NZDUSD analysis for 01.08.2016

While Q2 GDP data weakens USD, positive building permits report supports NZD. The support rests at 0.71780 with resistance at 0.72540 which both lines are above the weekly pivot point at 0.71290. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is moving in overbought area, the MACD indicator is in positive territory which might fall down at any time soon and the Stochastic is showing downward momentum. Currently the price is rising but it would not for higher than 0.7250. Stay long for now but ready to sell at 0.7250.

EURUSD analysis for 01.08.2016

Due to Eurozone GDP data EUR gained momentum against the USD. On the other hand, the Fed’s decision regarding the rates weighed USD. The support rests at 1.11600 with resistance at 1.11900 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is rising and has passed the EMA of 100. The RSI has reached the overbought line and t here is a great chance of falling down, the MACD indicator is in positive territory as well and the Stochastic is showing horizontal line. The potential decrease will target 1.1100 level where there would be a good opportunity for buyers.