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analysis

Westpac Leading Index MoM has been released in Australia and the US will publish FOMC Economic Projections and Fed Interest Rate Decision.

The support rests at 0.70500 with resistance at 0.71000 which the weekly pivot point at 0.70710 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above 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 moving in low ranges. The ADX is not showing any clear signals. 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 support level breakthrough will smooth the way for further decline towards 0.7029; otherwise, AUDUSD may continue its bullish trend towards 0.71300.

audusd
Source: fxglory

0

analysis

UK’s ILO unemployment rate could not support GBP against USD.
The support rests at 1.31890 with resistance at 1.32620 which the weekly pivot point at 1.32120 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving on the 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough may push the price down towards 1.31600.

gbpusd
Source: fxglory

0

analysis

USD is under pressure due to Fed’s decision regarding the interest rate.
The support rests at 1.13390 with resistance at 1.13530 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 moving in overbought area and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD is rising towards the previous high at 1.14000.

eurusd
Source: fxglory

0

analysis

Balance of Trade has been released in Switzerland and the US will publish Factory Orders MoM.
The support rests at 0.99830 with resistance at 1.00150 which both lines are below the weekly pivot point at 1.00510. 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 showing downward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below 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 0.99600.

usdchf
Source: fxglory

0

analysis

There are no major economic reports in Japan but the US will release Factory Orders MoM.
The support rests at 111.180 with resistance at 111.360 which both lines are below the weekly pivot point at 111.430. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, 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.

It seems that USDJPY is under pressure therefore sellers can target 111.

usdjpy
Source: fxglory

0

analysis

The US NAHB housing market index came unchanged and today Euro-zone’s construction output for January and the ZEW economic sentiment index for March will be released.
The support rests at 1.13320 with resistance at 1.13630 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 moving in overbought area and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may continue its bullish trend within Andrews’ Pitchfork targeting 1.14000.

eurusd
Source: fxglory

1

analysis

Foreign Securities Purchases has been released in Canada and the US will publish NAHB Housing Market Index.
The pair is finding support at 1.33080 with resistance at 1.33410 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 the EMA of 100. The RSI is moving on 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakout may push the price up towards 1.3388.

usdcad
Source: fxglory

0

analysis

The possible third meaningful vote on PM May’s Brexit deal is the most influential factor for GBPUSD.

The support rests at 1.31750 with resistance at 1.32950 which the weekly pivot point at 1.32120 is located in between the lines. 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 moving on the 50 level and the Stochastic is showing downward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is falling down towards the lower Bollinger band at 1.3170.

gbpusd
Source: fxglory

0

analysis

There are no major economic reports in the US while EUR is being empowered by the economic data.

The support rests at 1.13240 with resistance at 1.13710 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 below the EMA 200 and above the EMA of 100. The RSI is moving in overbought area and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.13800.

eurusd
Source: fxglory

0

analysis

Business NZ PMI has been released in New Zealand and the US will publish Michigan Consumer Sentiment Prel.
The support rests at 0.68330 with resistance at 0.68710 which both lines are above the weekly pivot point at 0.67920. The EMA of 10 is moving horizontally 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 MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend.

The indicators are showing mixed signals. While considering pullbacks on the way, NZDUSD may grow towards 0.68800.

nzdusd
Source: fxglory

0

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