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analysis

Late today, there will be RBA Kent Speech in Australia and the US will publish API Crude Oil Stock Change, Building Permits and Housing Starts.
The support rests at 0.71060 with resistance at 0.71360 which both lines are above the weekly pivot point at 0.71020. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards overbought area, 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 above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.71500.

audusd
Source: fxglory

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analysis

Traders are still following the Brexit negotiations.
The support rests at 1.31830 with resistance at 1.32240 which both lines are above the weekly pivot point at 1.31750. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving on 50 level and the Stochastic is showing downward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing weak buy signal.
It seems that GBPUSD is trying to find some consolidation within the Bollinger bands.

gbpusd
Source: fxglory

0

analysis

GfK German Consumer Climate is being released today which is the most influential data for EURUSD.
The support rests at 1.12960 with resistance at 1.13260 which both lines are below the weekly pivot point at 1.13410. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving below 50 level and the Stochastic is showing downward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.

The price may decline towards 61.8 level of Fibonacci at 1.12800 and then gives buyers an opportunity to target 1.13500.

eurusd
Source: fxglory

0

analysis

There are no major economic reports in the US but New Zealand will release Balance of Trade.
The support rests at 0.68680 with resistance at 0.68900 which the weekly pivot point at 0.68800 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 the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing weak buy signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
It seems that NZDUSD is trying to find some consolidation within the support and resistance area.

nzdusd
Source: fxglory

0

analysis

Japan will release All Industries Activity m/m.
The support rests at 109.800 with resistance at 110.190 which both lines are below the weekly pivot point at 110.440. 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 indicators are showing downward pressure but the price is no going to go below the lower Bollinger band at 109.5.

<pusdjpy
Source: fxglory

0

analysis

US has been supported after the US Attorney General’s comments regarding Donald Trump’s case.
The support rests at 1.12850 with resistance at 1.13140 which both lines are below the weekly pivot point at 1.13410. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 100 and below the EMA of 200. The RSI is moving below 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.

The resistance level breakout may push the price up towards 1.13500; otherwise, EURUSD may continue its bearish trend towards 1.12500.

eurusd
Source: fxglory

0

analysis

Gold is moving stronger against USD.
The support rests at 1309.41 with resistance at 1314.48 which both lines are above the weekly pivot point at 1301.70. 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 rising towards overbought area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.

Long positions are recommended towards 1320.

gold
Source: fxglory

0

analysis

GBP got weakened when Theresa May’s proposal regarding the UK’s release date to 30 June was rejected by EU leaders.
The support rests at 1.30990 with resistance at 1.31550 which both lines are below the weekly pivot point at 1.32120. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 200 and below the EMA of 100. The RSI is falling towards oversold area and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.

GBPUSD may grow towards 61.8 level of Fibonacci at 1.32300; however, the support level breakdown may drag the price towards 1.30500.

gbpusd
Source: fxglory

0

analysis

The US Philadelphia Fed manufacturing index gave some support to USD against EUR. Today investors will be watching Markit Manufacturing PMI Flash closely.
The support rests at 1.13610 with resistance at 1.13870 which both lines are above the weekly pivot point at 1.12970. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is rising towards 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The indicators are showing mixed signals. The resistance level breakout will push the price up towards the upper Bollinger band at 1.14300; otherwise, EURUSD may fall towards 1.13100.

eurusd
Source: fxglory

0

analysis

ADP Employment Change and Wholesale Sales MoM will be released in Canada and the US will publish Initial Jobless Claims and EIA Natural Gas Stocks Change.
The pair is finding support at 1.32950 with resistance at 1.33490 which both lines are below the weekly pivot point at 1.33540. The EMA of 10 is moving horizontally in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI rising above 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. 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.
The resistance line seems to be too strong to be broken therefore short positions are recommended towards 1.32800.

usdcad
Source: fxglory

0

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