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analysis

RBA Financial Stability Review has been published in Australia and the US will release Export and Import Prices and Michigan Consumer Sentiment Prel.
The support rests at 0.71080 with resistance at 0.71520 which both lines are above the weekly pivot point at 0.70970. 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 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 in 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.
The resistance line seems to be too strong to be broken, sellers can target 0.71000.

audusd
Source: fxglory

1

analysis

There are no major economic reports in Japan but the US will publish Treasury Currency Report, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Import Prices m/m and Import Prices m/m.
The support rests at 111.630 with resistance at 111.930 which both lines are above the weekly pivot point at 111.450. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
It seems that the chart is creating a dead cat bounce therefore long positions are recommended towards 112.200.

usdjpy
Source: fxglory

1

analysis

USD is being empowered by the US economic reports.
The support rests at 1.12680 with resistance at 1.13100 which both lines are above the weekly pivot point at 1.12180. 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 200. The RSI is falling towards 50 level and the Stochastic is showing upwards momentum. The MACD line is on the signal line in the neutral territory. The ADX is showing weak buy signal.
While considering pullbacks on the way, EURUSD may continue its bullish trend towards 1.13200.

eurusd
Source: fxglory

1

analysis

New Housing Price Index will be published in Canada and the US will release PPI MoM and 30-Year Bond Auction.

The pair is finding support at 1.33200 with resistance at 1.33720 which the weekly pivot point at 1.33610 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD line is above the signal line in the positive 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 is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.33900.

usdcad
Source: fxglory

1

analysis

There no macroeconomic releases in the UK today, traders will watch global macroeconomic data.
The support rests at 1.30840 with resistance at 1.31200 which both lines are above the weekly pivot point at 1.30730. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA 100 and above the EMA of 200. The RSI falling towards 50 level and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The price has almost reached the upper Bollinger band, GBPUSD may fall towards the lower band at 1.30200.

gbpusd
Source: fxglory

1

analysis

Apart from Germany Inflation Rate YoY Final, it is a quiet economic day for EURUSD.
The support rests at 1.12660 with resistance at 1.12880 which both lines are above the weekly pivot point at 1.12180. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may continue its growth towards 61.8 level of Fibonacci but today buyers can target 1.13050.

eurusd
Source: fxglory

2

analysis

There are no major economic reports in Switzerland therefore all eyes will be on the US economic reports.
The support rests at 0.99940 with resistance at 1.00150 which both lines are above the weekly pivot point at 0.9983. The EMA of 10 is moving horizontally in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the MACD line is on the signal line in the neutral 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 1.00300.

usdchf
Source: fxglory

1

analysis

Japan released the Prelim Machine Tool Orders y/y, PPI y/y, Core Machinery Orders m/m and Bank Lending y/y and the US will publish Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, Core CPI m/m and CPI m/m.
The support rests at 110.980 with resistance at 111.300 which both lines are below the weekly pivot point at 111.450. 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 rising towards 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may fall towards 61.8 level of Fibonacci at 110.500.

usdjpy
Source: fxglory

1

analysis

Trump’s statement regarding imposing tariffs on EU products put USD under pressure.
The support rests at 1.12510 with resistance at 1.12750 which both lines are above the weekly pivot point at 1.12180. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is rising towards overbought area and the Stochastic is moving in low ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may grow towards the upper Bollinger band at 1.12900.

eurusd
Source: fxglory

1

analysis

Home Loans MoM and Investment Lending for Homes have been published in Australia and the US will release JOLTs Job Openings and IBD/TIPP Economic Optimism.
The support rests at 0.71250 with resistance at 0.71530 which both lines are above the weekly pivot point at 0.70970. 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 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 0.71600.

audusd
Source: fxglory

1

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