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T Analysis

Consumer Price Index, Common Core CPI and Wholesale Sales data will be released in Canada and the US will publish Crude Oil Inventories and FOMC Meeting Minutes.
The pair is finding support at 1.39000 with resistance at 1.39570 which both lines are below the weekly pivot point at 1.40510. 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 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high 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.

The resistance line breakout will push the price towards 1.40000; otherwise the downward trend will continue towards 1.38500.

usdcad
Source: fxglory

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T Analysis

Today GBPUSD will be massively under the influence of the reports from the UK.
The support rests at 1.22360 with resistance at 1.22900 which both lines are above the weekly pivot point at 1.22150. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The support level breakthrough will push the price down towards 1.21220; otherwise GBPUSD will form its correction pattern by targeting 61.8 level of Fibonacci at 1.24300.

gbpusd
Source: fxglory

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T Analysis

After Powell’s speech EUR declined but the Eurozone economic sentiment index supported EUR.
The support rests at 1.09250 with resistance at 1.09580 which both lines are above the weekly pivot point at 1.08310. 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bulls are trying to touch the upper limit of Bollinger band at 1.09930, the reversal is happening afterwards.

eurusd
Source: fxglory

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