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T Analysis

Business NZ Manufacturing Index was released in New Zealand and the US will publish Retail Sales, Capacity Utilization and Industrial Production.
The support rests at 0.65740 with resistance at 0.66190 which both lines are below the weekly pivot point at 0.66310. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. 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.
Long positions are recommended towards 0.66500.

nzdusd
Source: fxglory

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T Analysis

There are no major economic reports in Japan so USDJPY will be massively under the influence of the US economic reports.
The support rests at 105.120 with resistance at 105.570 which both lines are below the weekly pivot point at 105.670. 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 rising towards level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USDJPY is trying to break the resistance line but it does not sound possible, sellers can target the lower Bollinger band at 105.

usdjpy
Source: fxglory

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T Analysis

Consumer Price Index is going to be released in Eurozone but the result does not seem to be supportive.
The support rests at 1.16920 with resistance at 1.17280 which both lines are below the weekly pivot point at 1.17890. 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 growing towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The bearish pressure remains within the Andrew’s Pitchfork. Sellers can target 1.16700. The resistance level breakout will push the price up towards 1.17800.

eurusd
Source: fxglory

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