Today's Technical Pairs: EURUSD, GBPUSD, USDJPY & XAUUSD(GOLD)

EURUSD

According to the 1HR chart prices cracked the 50-EMA at the opening euro session. All moving averages are driving lower. The resistance finds in 1.0650 levels, the support comes in 1.0600 levels. Technically, indicators sustained to recovery from oversold region, but within bearish zone. MACD grew which supports the sellers’ spot weakening. Moreover, we noted a bullish divergence of MACD in the 1HR chart. RSI indicator lost downward strength & headed upward direction.

The pound was unchanged on the back of the empty calendar on yesterday. In the light of this the dollar dynamics will stay the main driver for the pair in the short-term. In the meantime, the dollar became more optimistic after Trumps’ elections victory hoping that his fiscal policy will promote economy growth predictions. The pound stayed inactive trading in a tight range between 1.2320 levels to 1.2370 levels during the Asian session. The sellers found a short-lived support at 1.2300 levels & took a breath consolidating their growth. The sterling spiked upside in the mid-Europe & tested 1.2400 levels before the US session opening. The value tested the 50 & 100 EMAs in the 4HR chart. The 50, 100 & 200 EMAs presented a moderate bearish slope. 

 

The resistance seems at 1.2500 levels, the support appears at 1.2400 levels. The indicators stands within the negative area & little bit modified from previous week readings. MACD stands at the same level which confirms the seller’s strength. RSI indicator stayed within the oversold readings.

 

 

The yen place some losses on yesterday among a weaker Merchandise Trade Balance release. The dollar finds buying interest among rising bets for a possible Fed rate-hike action. Even though the pair was unable to mount higher and retreated almost quickly after testing the level of 111.00 pair stayed in the green numbers on last day. The price stays in an upward channel & slightly changed from its upper boundary. 

 

The value hovered above the moving averages in the 4HR chart. The moving averages direct upwards. The resistance remains at 111.00 levels, the support stays at 110.00 levels. Indicator MACD decreased which support the buyer’s spot weakening. We also saw a bearish divergence of MACD in the 1HR chart. Indicator RSI remains within the overbought zone.

 

The yellow metal prices recovered on yesterday however a precious metal stayed in the red among revived hopes of a Fed rate-hike next month. Markets are waiting for Trump's fiscal policy, expecting a fresh boost of economic actions. Technically, market sentiment stands in the negative on last day. The metal prices met a barrier around 1200 levels. Sellers lost floor and the pair was adept to recover. The value reversed direction & escalated to 1215 levels on post-European session. 

 

The yellow metal smashed the 50-EMAs & surrounded the 100-EMAs in the 1HR chart. The 100-EMAs slowed its additional recovery holding some pips below the moving. All moving averages kept directing lower. The resistance finds at 1220 levels, the support will be at 1210 levels. Indicator MACD grew which indicates the seller’s spot weakening. RSI bounced off the oversold region.