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T Analysis

There are no major economic reports in Switzerland and the US so USDCHF will be chiefly under the influence of macroeconomic factors.
The support rests at 0.96910 with resistance at 0.97360 which the weekly pivot point at 0.97130 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is above below 50 level, 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 below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.97500.

usdchf
Source: fxglory

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T Analysis

The GfK consumer confidence declined while UK’s Markit manufacturing PMI increased.
The support rests at 1.21710 with resistance at 1.22580 which the weekly pivot point at 1.22150 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 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is falling down towards 1.21450.

gbpusd
Source: fxglory

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T Analysis

Euro-zone’s Markit manufacturing PMI grew more than expected and initial jobless claims declined in the US.
The support rests at 1.08960 with resistance at 1.09710 which both lines are above the weekly pivot point at 1.08310. 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 on 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.

EURUSD is falling down towards the lower Bollinger band at 1.09060.

eurusd
Source: fxglory

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