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New York +1555225314

Canada will release New Motor Vehicle Sales and the US will publish Retail Sales, Fed Evans Speech and Business Inventories.
The pair is finding support at 1.29730 with resistance at 1.30030 which both lines are below the weekly pivot point at 1.31460. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 1.29.

usdcad
Source: fxglory

0

Japan has published Industrial Production and the US will release Retail Sales and Michigan Consumer Sentiment Prel.

The support rests at 111.610 with resistance at 112.170 which both lines are above the weekly pivot point at 111.080. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The indicators are showing upward momentum therefore the resistance level breakout will push the price up towards 112.5. Otherwise, the price will fall towards 110.5.

usdjpy
Source: fxglory

0

EUR has been supported by ECB optimistic forecast for inflation but USD has been under pressure due to weak PPI & news of China & US trade related talks.
The support rests at 1.16780 with resistance at 1.17140 which both lines are above the weekly pivot point at 1.15800. 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 moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing strong buy signal.
While considering pullbacks on the way, EURUSD may grow towards 1.175.

eurusd
Source: fxglory

0

Switzerland has released Producer & Import Prices MoM and the US will publish Inflation Rate YoY and Monthly Budget Statement.
The support rests at 0.96780 with resistance at 0.97170 which the weekly pivot point at 0.97000 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.9675.

usdchf
Source: fxglory

0

All eyes are on Bank of England’s crucial interest rate decision within a few hours. The US dollar lost some strength when the Federal Reserve released the Beige Book.
The support rests at 1.30200 with resistance at 1.30680 which both lines are above the weekly pivot point at 1.29100. 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 moving above the 50 level, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any strong signals.
The Brexit mostly determine the price direction however, the support level breakthrough will push the price down to the lower Bollinger band at 1.29. Otherwise, GBPUSD will continue its bullish trend towards 1.315.

gbpusd
Source: fxglory

0

The US-China trade war is putting USD under pressure. ECB Press Conference will bring some volatility to the market.
The support rests at 1.15960 with resistance at 1.16590 which both lines are above the weekly pivot point at 1.15800. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The indicators are showing upward trend but it seems that EURUSD stay quiet and fluctuate within the support and resistance area.

eurusd
Source: fxglory

3

The global trade issues support USD and put pressure on Gold.

The support rests at 1190.64 with resistance at 1200.04 which the weekly pivot point at 1197.64 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 moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing weak sell signal. 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 1188.

gold
Source: fxglory

0

Japan will release the BSI Manufacturing Index data, and the US will publish some Economic Data such as Beige Book, 10-y Bond Auction, Crude Oil Inventories, Core PPI m/m, and PPI m/m.
The support rests at 111.380 with resistance at 111.640 which both lines are above the weekly pivot point at 111.080. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The resistance level breakout may push the price higher towards the upper Bollinger band at 111.7, otherwise, the price will fall towards the lower band at 110.5.

usdjpy
Source: fxglory

0

USD has been empowered by the NFIB small business optimism index data which reached its highest level in 45 years. EUR has been also supported by Euro-zone’s ZEW economic sentiment index.

The support rests at 1.15620 with resistance at 1.16070 which the weekly pivot point at 1.15800 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal.
The indicators are not showing any clear signals. While 1.15 remain the strong support area, the price may grow towards 1.17.

eurusd
Source: fxglory

0

Australia has released NAB Business Confidence and the US will publish Wholesale Inventories MoM and API Crude Oil Stock Change.
The support rests at 0.71010 with resistance at 0.71350 which both lines are below the weekly pivot point at 0.71460. 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 below the 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The price may grow towards 0.715 however, the support level breakthrough will push the rate down towards 0.70.

audusd
Source: fxglory

0

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