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T Analysis

BOC Deputy Governor Timothy Lane Speaks and there will be FOMC Members’ talks as well.
The pair is finding support at 1.31190 with resistance at 1.31610 which both lines are below the weekly pivot point at 1.31890. 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 level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
The indicators are showing mixed signals. It seems that USDCAD is trying to consolidate within the support and resistance lines.

usdcad
Source: fxglory

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T Analysis

Industrial Production was released in Japan and the US will publish PPI Core and PPI data.
The support rests at 105.300 with resistance at 105.560 which both lines are below the weekly pivot point at 105.670. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below level 50, 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.
USDJPY is on downward trend which is targeting 104.950.

usdjpy
Source: fxglory

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T Analysis

The increasing popularity of Biden is leaving no impact on USD. EUR went under some pressure due to the vaccine with severe side effects.
The support rests at 1.17260 with resistance at 1.17650 which both lines are below the weekly pivot point at 1.17890. 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 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.
Further decline is expected towards 1.16820.

eurusd
Source: fxglory

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