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Canadian data has been strong lately and today BoC Interest Rate Decision and BoC Monetary Policy Report will be published. The US will also release EIA Crude Oil Stocks Change.
The pair is finding support at 1.31170 with resistance at 1.31670 which the weekly pivot point at 1.31320 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upwards momentum. 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.
USDCAD will probably rise towards 1.318.

usdcad
Source: fxglory

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After a noisy Tuesday, GBPUSD seems to be getting quiet due to the Brexit becoming softer.
The support rests at 1.32390 with resistance at 1.32980 which both lines are above the weekly pivot point at 1.32240. 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 moving above the 50 level, the Stochastic is moving in middle ranges and MACD line is below the signal line in the negative territory. The ADX is showing strong buy signal.

Long positions are recommended towards 1.33.

gbpusd
Source: fxglory

0

Yesterday the German ZEW Current Conditions came worse than expected and now all eyes are on the ECB meeting and Draghi’s speech.
The support rests at 1.17150 with resistance at 1.17510 which both lines are above the weekly pivot point at 1.17010. 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 Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The indicators are not showing any specific trend direction; considering the bullish trend, buyers can target the upper Bollinger band at 1.18.

eurusd
Source: fxglory

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Australia has released NAB Business Confidence and the US will publish JOLTs Job Openings and API Crude Oil Stock Change.
The support rests at 0.74030 with resistance at 0.74920 and they are both above the weekly pivot point at 0.73920. 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 200. 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 downward 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 an upward trend and the Kijun-sen is showing a horizontal trend.

The price decline towards the weekly pivot point may push the rate towards 0.735 while this level will remain the floor. Buyers can also target 0.75 if the resistance level is broken.

audusd
Source: fxglory

0

Japan has published the Prelim Machine Tool Orders y/y and the US will release JOLTS Job Openings and NFIB Small Business Index.
The support rests at 110.860 with resistance at 111.240 which both lines are above the weekly pivot point at 110.630. 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 bullish trends.
The resistance level breakout will push the pair much higher towards 112; otherwise, it will decline towards 110.5.

usdjpy
Source: fxglory

0

The German trade balance supported EUR yesterday and today ZEW Economic Sentiment Index will be published; however, the trade war still remains the most influential factor for EURUSD.
The support rests at 1.17240 with resistance at 1.17720 which both lines are above the weekly pivot point at 1.17010. 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 low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD will be fluctuating within the lower and upper Bollinger bands.

eurusd
Source: fxglory

0

Switzerland has published the Unemployment Rate and the US will release Fed Kashkari Speech.

The support rests at 0.98560 with resistance at 0.99010 which both lines are below the weekly pivot point at 0.99170. 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 low ranges. The ADX is showing strong sell signal. 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.
Short positions are recommended towards 0.985.

usdchf
Source: fxglory

0

The positive Cabinet meeting outcome supported GBP. The news going on over the Brexit issue along with the UK’s Brexit minister David Davis resignation will influence GBPPUSD as well.
The support rests at 1.32590 with resistance at 1.34050 which both lines are above the weekly pivot point at 1.32240. 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 moving in overbought area, the Stochastic is moving in high ranges and MACD line is above the signal line in the positive territory. The ADX is showing an upward trend.
While considering pullbacks on the way, GBPUSD will grow towards 1.345.

gbpusd
Source: fxglory

0

The US Nonfarm Payroll report and the Unemployment Rate put USD under pressure.
The support rests at 1.17420 with resistance at 1.17880 which both lines are above the weekly pivot point at 1.17010. 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.
EURUSD may continue its growth towards 1.185.

eurusd
Source: fxglory

0

Today USDCAD will be volatile due to various economic reports which are being published in Canada and the US such as: Employment Change, Unemployment Rate and Balance of Trade.
The pair is finding support at 1.30810 with resistance at 1.31710 which both lines are below the weekly pivot point at 1.32140. 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 is moving below the 50 level, the MACD line is above the signal line in the positive 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 the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
USDCAD may continue its decline but 1.30 will remain the floor of the market.

usdcad
Source: fxglory

0

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