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New York +1555225314

The Brexit headlines are giving more strength to GBP bulls. The UK is also publishing Unemployment Rate and Claimant Count Change which will bring more volatility to the market.
The support rests at 1.30060 with resistance at 1.30870 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 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.
GBPUSD will probably continue its bullish trend towards 1.315.

gbpusd
Source: fxglory

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EUR has been supported against the strong USD due to Brexit final negotiations.
The support rests at 1.15660 with resistance at 1.16220 which the weekly pivot point at 1.15800 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 of 200 and below the EMA of 100. The RSI is moving 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 weak buy signal.
While 1.15 remain the floor, EURUSD may grow towards the upper Bollinger band at 1.167.

eurusd
Source: fxglory

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NZD has been under pressure due to strong US economic data and the trade war between US and China.

The support rests at 0.64990 with resistance at 0.65430 which both lines are below the weekly pivot point at 0.65610. 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 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 and the Kijun-sen are both showing a downward trend.

Short positions are recommended towards 0.65.

nzdusd
Source: fxglory

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GDP Growth Rate QoQ Final and Current Account have been published in Japan and the US will release Fed Bostic Speech.
The support rests at 110.750 with resistance at 111.270 which the weekly pivot point at 111.080 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 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY is creating a zig-zag pattern, creating lower highs and lowers lows. Short positions are recommended towards the lower Bollinger band at 110.4.

usdjpy
Source: fxglory

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Friday’s upbeat payrolls and wage growth figure along with the employment data supported USD against EUR.
The support rests at 1.15260 with resistance at 1.15610 which the weekly pivot point at 1.16410 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below 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 chart has created a head and shoulder pattern therefore EURUSD will probably continue its downward trend towards 61.8 level of Fibonacci at 1.145.

eurusd
Source: fxglory

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Canada will release Building Permits MoM and BoC Wilkins Speech and the US will publish some economic reports such as ISM Non-Manufacturing PMI and ADP Employment Change.
The pair is finding support at 1.31590 with resistance at 1.32040 which both lines are above the weekly pivot point at 1.30060. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in high ranges, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low 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 1.328.

usdcad
Source: fxglory

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Traders are buying GBP with hope of successful Brexit negotiations. The US economic reports today will add some volatility to the market.
The support rests at 1.28850 with resistance at 1.29250 which both lines are below the weekly pivot point at 1.29430. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and below the EMA of 200. The RSI is rising towards the 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 not showing any clear signals.
Long positions are recommended towards 1.30.

gbpusd
Source: fxglory

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The positive final Markit services PMI has supported EUR. the US initial jobless claims along with the ADP employment change, ISM and Markit services PMIs will be the center of attentions.
The support rests at 1.16030 with resistance at 1.16600 which the weekly pivot point at 1.16410 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 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.

Most probably the price will be fluctuating within the Bollinger bands, however, the resistance level breakout may push the price higher towards 1.173.

eurusd
Source: fxglory

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Australia has published GDP Growth Rate and the US will release Balance of Trade.
The support rests at 0.71480 with resistance at 0.72140 which both lines are below the weekly pivot point at 0.72440. 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 falling towards the oversold area, the MACD line is on the signal line in the positive territory and the Stochastic is moving in low 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 downward trend.
The support level breakthrough may put the price down towards 0.70 area.

audusd
Source: fxglory

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Japan has published the 10-y Bond Auction and the US will release Trade Balance.
The support rests at 111.310 with resistance at 111.800 which both lines are above the weekly pivot point at 111.210. 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 falling towards 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 market is going to be volatile. 111 level will most probably remain the floor while the price may grow towards 112.

usdjpy
Source: fxglory

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