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T Analysis

Retail Sales was released in Australia and the US will publish Unemployment Rate, Non-Farm Payrolls, Trade Balance and Change in Private Payrolls.
The support rests at 0.73780 with resistance at 0.74560 which both lines are above the weekly pivot point at 0.73500. 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 falling towards level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
As long as the support line remains intact, buyers can expect 0.75000.

audusd
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 reports.
The support rests at 103.590 with resistance at 104.070 which both lines are below the weekly pivot point at 104.190. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving in oversold area. The MACD is moving in negative territory and the ADX is showing sell signal.
The support line seems too strong to be broken. In case of price growth buyers can expect the upper Bollinger band at 104.800.

usdjpy
Source: fxglory

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T Analysis

There is no special reason for USD decline today. The US unemployment rate is expected to decline which might bring some support to USD.
The support rests at 1.21070 with resistance at 1.21710. The weekly pivot point at 1.19080 is located below the lines. 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 Stochastic is showing downward momentum, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in neutral territory.
Considering the upward trend EURUSD is targeting the upper Bollinger band at 1.22000; Otherwise, if the support line is violated, sellers can expect the correction pattern towards the lower band at 1.19660.

eurusd
Source: fxglory

0

T Analysis

As the US index goes under pressure, GOLD receives more support.
The support rests at 1831.41 with resistance at 1854.61 which the weekly pivot point at 1809.20 is located below the lines. EMA of 10 is moving with bullish bias in the short term ascendant channel and it is below EMA of 100 and 200. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the MACD indicator is in positive territory. The ADX is showing buy signal.
Considering the correction pattern, buyers can expect level 61.8 of Fibonacci at 1890.

gold
Source: fxglory

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T Analysis

PMI Services and Composite PMI data will be released in the UK. GBP can be supported if there is good news over Brexit deal.
The pair is finding support at 1.33420 with resistance at 1.34420 which both lines are above the weekly pivot point at 1.33240. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and 200. The Stochastic is showing upward momentum. The RSI is moving above level 50 and the MACD is moving in neutral territory. The ADX is showing weak buy signal.
The support level breakthrough will confirm the bearish trend towards 1.32500; otherwise, GBPUSD will continue its growth towards 1.34500.

gbpusd
Source: fxglory

0

T Analysis

EUR was supported by the strong economic data in Eurozone like the retail sales growth in Germany. Today the reports on services sector will influence the power of this currency.
EUSUSD is finding support at 1.20650 with resistance at 1.21430. The weekly pivot point at 1.19080 is located below the lines. 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 Stochastic is showing upward momentum, the RSI is growing towards overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
Considering the bullish momentum shown by indicators, buyers can expect 1.22000.

eurusd
Source: fxglory

0

T Analysis

CPI and Consumer Price Index – EU Harmonised were published in Switzerland and the US will release Crude Oil Inventories, ADP Non-Farm Employment Change and there will be FOMC Members’ talks.
The support rests at 0.89880 with resistance at 0.90210 which both lines are below the weekly pivot point at 0.90790. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low 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 and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.89350.

usdchf
Source: fxglory

0

T Analysis

Consumer Confidence and Monetary Base were released in Japan.
The support rests at 104.290 with resistance at 104.860 which both lines are above the weekly pivot point at 104.190. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The Stochastic is showing upward momentum, the RSI is moving in overbought area. The MACD is moving in positive territory and the ADX is showing buy signal.
Buyers can expect 105 area but there will be a lot of resistance around it.

usdjpy
Source: fxglory

0

T Analysis

The number of Covid-19 cases is growing rapidly in the US and the government is concerned over the issue with the vaccine and the catastrophic influence of the virus on the economy. EUR is not getting any support from the economic reports in Eurozone as the unemployment rate is rising.
The support rests at 1.20460 with resistance at 1.21220. The weekly pivot point is located below the lines at 1.19080. The Stochastic is showing upward momentum, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
The support level breakthrough will confirm the bearish trend towards 1.19900; otherwise, EURUSD will continue its growth towards 1.21500.

eurusd
Source: fxglory

0

T Analysis

Gross Domestic Product, Quarterly Gross Domestic Product Annualized and RBC Manufacturing PMI (s.a.) will be released in Canada and the US will publish ISM Manufacturing Data and Construction Spending. FOMC Members will deliver a speech.
The pair is finding support at 1.29320 with resistance at 1.30000 which both lines are below the weekly pivot point at 1.30260. 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 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 and the Kijun-sen are both showing a horizontal trend.
The support level seems too strong to be violated. USDCAD will be fluctuating within the support and resistance lines.

usdcad
Source: fxglory

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