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T Analysis

The news over Corona vaccine put pressure on gold which led to a sharp decline in the chart. Gold has been trying to recover from the loss since then.
The support rests at 1869.30 with resistance at 1889.15. Both lines are below the weekly pivot point at 1900.10. EMA of 10 is moving with bearish bias in the ascendant channel and it is below EMA of 100 and 200. The Stochastic is moving in low ranges, the RSI is rising towards level 50 and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. The price is in 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 1910.

gold
Source: fxglory

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T Analysis

Trade Balance was released in Japan and it came more than forecasted. JPY is moving strong against USD.
The support reached 103.760 with resistance at 104.190. Both lines are below the weekly pivot point at 104.500. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and 200. All indicators are showing strong bearish signs.
Sellers can target 103.500.

usdjpy
Source: fxglory

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T Analysis

EUR went under pressure when Poland and Hungary blocked the EU budget for the next 7 years. The inflation data in Eurozone is going to be released.
The support is located at 1.18420 with resistance at 1.18790 which both lines are above the weekly pivot point at 1.18330. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and 200. RSI is moving in overbought area, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing bullish signal.
We are staying bullish on EURUSD targeting 1.19000.

eurusd
Source: fxglory

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