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New York +1555225314

The USD is strengthening due to strong statistics on the US labor market and gold is falling down as a result of this growth.
The support rests at 1309.26 with resistance at 1319.16 which both lines are below the weekly pivot point at 1341.23. 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 in oversold area, 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 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 1300.

gold

gold

Source: fxglory

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Japan has released the Economy Watchers Sentiment, 30-y Bond Auction, Current Account and Bank Lending y/y data and the US will publish 30-y Bond Auction, Natural Gas Storage and Unemployment Claims.
The support rests at 109.100 with resistance at 109.960 which the weekly pivot point at 109.680 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
It seems that USDJPY has started its correction pattern towards 61.8 level of Fibonacci targeting 111 area.

usdjpy

usdjpy

Source: fxglory

0

While the US is publishing strong economic data, EUR is still under pressure due to the employment reports last Friday.
The support rests at 1.22380 with resistance at 1.23040 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving horizontally in oversold area, 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.
Short positions are recommended towards 1.215.

eurusd

eurusd

Source: fxglory

0