USDJPY analysis for 10.08.2020

There are no major economic reports in Japan but the US will publish JOLTs Job Openings.
The support rests at 105.470 with resistance at 106.100 which the weekly pivot point at 105.900 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 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.
The support line seems too strong to be broken. USDJPY is growing towards 106.700.

usdjpy
Source: fxglory

EURUSD analysis for 10.08.2020

Germany’s trade surplus data increased more than expected and the seasonally adjusted industrial production grew as well. The US nonfarm payrolls climed more than forecasted and the unemployment rate dropped.
The support rests at 1.17590 with resistance at 1.18220 which the weekly pivot point at 1.17990 is located in between the lines. 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 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 buy signal.
The support level breakthrough will confirm the correction pattern towards EMA of 100; otherwise EURUSD will continue its growth towards 1.18700.

eurusd
Source: fxglory

NZDUSD analysis for 06.08.2020

New Zealand released Expected Annual Inflation 2y from now and the US will publish Unemployment Claims, Continuing Claims and EIA Natural Gas Storage Change.
The support rests at 0.66190 with resistance at 0.66740 which the weekly pivot point at 0.66550 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 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 is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.66850.

nzdusd
Source: fxglory

GBPUSD analysis for 06.08.2020

GBP was supported by UK’s Services Sector Activity data.
The support rests at 1.30860 with resistance at 1.32160 which both lines are above the weekly pivot point at 1.30110. 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 on the signal line in the neutral territory. The ADX is showing buy signal.
GBPUSD is growing towards 1.32200.

gbpusd
Source: fxglory

EURUSD analysis for 06.08.2020

U.S. Stocks are growing but European stocks were mostly higher.

The support rests at 1.18430 with resistance at 1.19120 which both lines are above the weekly pivot point at 1.17740. 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 is climbing up the ascendant channel, buyers can target 1.19630.

eurusd
Source: fxglory

USDCAD analysis for 05.08.2020

Trade Balance will be published in Canada and the US will release Trade Balance and Final Services PMI.
The pair is finding support at 1.32730 with resistance at 1.33580 which both lines are below the weekly pivot point at 1.34030. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. 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.
Short positions are recommended towards 1.31950.

usdcad
Source: fxglory

USDJPY analysis for 05.08.2020

Tertiary Industry Index and PMI Composite were released in Japan and the US will publish Trade Balance and ISM Non-Manf.
The support rests at 105.250 with resistance at 105.900 which the weekly pivot point at 105.410 is located in between the lines. 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 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 showing sell signal.
The support level breakthrough will confirm the correction pattern towards 61.8 level of Fibonacci at 105.050; otherwise USDJPY will be fluctuating within the support and resistance lines.

usdjpy
Source: fxglory

EURUSD analysis for 05.08.2020

Euro-zone’s producer price index grew more than expected and supported EUR. The US factory orders and final durable goods orders increased as well.
The support rests at 1.17930 with resistance at 1.18400 which both lines are above the weekly pivot point at 1.17740. 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 above the level 50, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
EURUSD is targeting the upper Bollinger band at 1.18800.

eurusd
Source: fxglory

AUDUSD analysis for 04.08.2020

Trade Balance, Retail Sales, RBA Interest Rate Decision and Monetary Policy Statement were released in Australia and the US will publish Factory Orders.
The support rests at 0.70830 with resistance at 0.71460 which both lines are below the weekly pivot point at 0.71520. 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 MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. 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.
Long positions are recommended towards 0.71880.

audusd
Source: fxglory

GBPUSD analysis for 04.08.2020

UK’s Markit manufacturing PMI grew and supported GBP against USD. There are no major economic reports in the UK and the US so eyes will be on macroeconomic reports.
The support rests at 1.30440 with resistance at 1.31060 which both lines are above the weekly pivot point at 1.30110. 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 falling 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 showing weak buy signal.
The support level breakthrough will confirm the correction pattern towards 1.29500.

gbpusd
Source: fxglory