EURUSD 

 

We expected the European Central Bank decided to depart key interest rates unmodified on yesterday. The picture was positive throughout the course of the day. Buyers were adept to force the value much higher and broke the 1.1270 levels in the previous European session. The pair retreated from the high following the ECB conference. Currently the price is moving to the support level of 1.1270. 

 

The particular European currency is heading away from the 50, 100 and 200 Day EMAs in the 4HR chart. The moving averages still maintain the bullish trend. The resistance comes at 1.1350, the support remains at 1.1270 levels. Indicator RSI rebound from the overbought zone. The pair might roll back towards the 1.1270 levels.

GBPUSD

 

The pound softened on the rear of the weaker Manufacturing Production report & BoE Governor Carney's dovish statements. The bullish tone that began mid August stands firm in place. The pair is in an ascending channel, nearly to its lower limit. The pair got below the selling force and is falling towards 1.3200 levels currently. The 50-EMA is intersecting the 200 and 100 EMAs upside directions. All moving averages keep heading north. The current resistance finds in 1.3360, the support remains in 1.3200 levels.

 

Indicator MACD stands in the positive zone decreased which hints the buyers’ spot weakening. RSI is moving south. If the pair regains the level 1.3360 the value will grow towards the 1.3400 levels. The next buyers’ target is mark level of 1.3440.

 

USDJPY

 

The updated GDP report in Japan came at 0.2 percent vs. the forecast of 0.0 percent. The yen grew on the rear of the weak US dollar following depressed statistics and due to traders' concerns that the BoJ might not soften its policy additional. The pair was neutral throughout the European session and became more uncertain in the US session on yesterday. The value was at 101.40 levels in the first part of the day and little bit grew when US traders came to the market place. The instrument remains under the bearish of 50, 100 and 200 EMAs which extended their decline. The 100-EMA acts as a resistance for the value. The resistance is at 102.50 levels, the support stays at 101.40 levels. Indicator MACD is in the negative zone. RSI is nearly the oversold region.

 

XAUUSD

The yellow metal values retreated from the two week high following a fresh rally caused by US negative statistics. The pair was in buy mode on last day. Buyers were trying to wipe out the fresh losses and led the value from the local low to the closest resistance level of 1350 throughout the European session. The yellow metal got below some pressure in the US session and declined towards 1340 levels. 

 

The instrument stands over the 50, 100 and 200 EMAs in the 4HR chart. The 50-EMA is intersecting the 100 and 200 EMAs upside directions in the 4HR time frames. All moving averages are turning upside. The resistance remains at 1350 levels, the support stays at 1330 levels. Indicator MACD decreased which hints the buyers’ spot weakening. Still the gives a buy signal. RSI indicator is surrounding the overbought region.