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New York +1555225314

The quiet trading session on Monday weakened NZD and today New Zealand is publishing Global Dairy Trade Price Index and the US will release Balance of Trade.
The support rests in 0.72390 with resistance at 0.73150 which both lines are below the weekly pivot point at 0.73320. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 but above the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.718.

nzdusd

nzdusd

Source: fxglory

0

Japan is not releasing any economic data but the US will publish Loan Officer Survey, Mortgage Delinquencies, ISM Non-Manufacturing PMI, and Final Services PMI.
The support rests at 108.240 with resistance at 109.280 which both lines are below the weekly pivot point at 109.680 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 rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Indicators are all showing mixed signals however, it seems that USDJPY has started its correction pattern, therefore buyers can target 110.5.

usdjpy

usdjpy

Source: fxglory

0

While there were no major economic reports yesterday, the stock market left massive impact on EURUSD and pushed it down.
The support rests at 1.23290 with resistance at 1.24130 which both lines are below the weekly pivot point at 1.24360. 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 rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in the negative territory. The ADX is not showing any clear signals.
The resistance level breakout will smooth the way for further growth towards 1.25, otherwise it will drop to 1.21.

eurusd

eurusd

Source: fxglory

0