EURUSD analysis for 04.08.2020

Pullbacks were dragging down EURUSD when the manufacturing sectors of the EU countries continue to recover. On the other hand, USD went under pressure due to the US construction costs which came worse than expected.
The support rests at 1.17350 with resistance at 1.18540 which the weekly pivot point at 1.17740 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 showing weak buy signal.

While considering pullbacks towards 1.17000, EURUSD is growing towards the upper Bollinger band.

eurusd
Source: fxglory

USDCHF analysis for 03.08.2020

CPI, Consumer Price Index – EU Harmonised and SVME Purchasing Managers Index will be released in Switzerland in a few hours and the US is publishing ISM Manufacturing, Construction Spending and Loan Officer Survey.
The support rests at 0.90970 with resistance at 0.92110 which the weekly pivot point at 0.91420 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising above 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 in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.92320.

usdchf
Source: fxglory

USDJPY analysis for 03.08.2020

PMI Manufacturing data was released in Japan and it came higher than forecasted. The ISM Manufacturing data will be released too.
The support rests at 105.770 with resistance at 106.490 which both lines are above the weekly pivot point at 105.410. 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 is too strong to be broken, USDJPY is growing towards 106.300.

usdjpy
Source: fxglory

EURUSD analysis for 03.08.2020

The US ISM Manufacturing PMI is expected to grow and the Euro Area GDP decreased.
The support rests at 1.16740 with resistance at 1.18200 which the weekly pivot point at 1.17740 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 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 weak sell signal.
Considering the bearish pressure, sellers can target the lower Bollinger band at 1.17000.

eurusd
Source: fxglory

USDCAD analysis for 31.07.2020

Gross Domestic Product, Industrial Product Price Index and Raw Materials Price Index were released in Canada and the US will publish PCE Core and Personal Spending.
The pair is finding support at 1.33850 with resistance at 1.34750 which the weekly pivot point at 1.34550 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is moving above 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 above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1.33800.

usdcad
Source: fxglory

GBPUSD analysis for 31.07.2020

Yesterday there were no economic reports in the UK so GBPUSD was chiefly under the influence of the reports from the US. The UK Nationwide House Price Index was released today.
The support rests at 1.30280 with resistance at 1.31960 which both lines are above the weekly pivot point at 1.27060. 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.
GBPUSD is trying to reach 1.32000.

gbpusd
Source: fxglory

EURUSD analysis for 31.07.2020

USD is under pressure and the report on GDP which came better than expected could not recover the loss.
The support rests at 1.18120 with resistance at 1.19430 which both lines are above the weekly pivot point at 1.15720. 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 on bullish run. The first target is 1.19500.

eurusd
Source: fxglory

NZDUSD analysis for 30.07.2020

Building Permits and ANZ Business Confidence were released in New Zealand and the US will publish Unemployment Claims and Continuing Claims.
The support rests at 0.66130 with resistance at 0.66750 which the weekly pivot point at 0.66240 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling below level 50, 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 in the Ichimoku Cloud and below 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 0.66000.

nzdusd
Source: fxglory

USDJPY analysis for 30.07.2020

Retail Sales was published in Japan and the US will release GDP, GDP Price Index, Unemployment Claims and Continuing Claims.

The support rests at 104.780 with resistance at 105.400 which both lines are below the weekly pivot point at 106.450. 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 above the signal line in the positive territory. The ADX is not showing any clear signals.
The support line seems too strong to be broken, USDJPY is growing towards the upper Bollinger band at 105.600.

usdjpy
Source: fxglory

EURUSD analysis for 30.07.2020

Keeping the US interest rates unchanged put USD under pressure against most major currencies.
The support rests at 1.17350 with resistance at 1.18020 which both lines are above the weekly pivot point at 1.15720. 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 falling towards level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Buyers can target 1.18500, pullbacks are expected as well.

eurusd
Source: fxglory