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T Analysis

Prelim Machine Tool Orders was released in Japan and the US will publish Building Permits and Housing Starts.
The support rests at 105.320 with resistance at 105.690 which the weekly pivot point at 105.420 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving above level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals.
USDJPY is fluctuating within the horizontal channel. The bullish pressure is pushing the price towards 105.800.

usdjpy
Source: fxglory

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T Analysis

Yesterday European stocks declined along with the US equities.
The support rests at 1.17570 with resistance at 1.17900 which both lines are above the weekly pivot point at 1.17450. 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 moving above level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD is trying to climb within Andrew’s pitchfork. Buyers can target 1.17950.

eurusd
Source: fxglory

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T Analysis

Wholesale Sales and Interest Rate Decision will be released in Canada and Federal Reserve Chairman Jerome Powell Speaks in the US.
The pair is finding support at 1.31510 with resistance at 1.31850 which the weekly pivot point at 1.31850 is located in between the lines. 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 moving on level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 1.3106; otherwise long positions are recommended towards 1.32450.

usdcad
Source: fxglory

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T Analysis

There were no economic reports in the UK on Friday but the negotiations between Brussels and London weighs on GBP.
The support rests at 1.28960 with resistance at 1.30380 which the weekly pivot point at 1.29820 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is growing towards 1.30400.

gbpusd
Source: fxglory

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T Analysis

The US retail sales data supported USD but EUR is still under pressure due to increasing number of Corona cases.
The support rests at 1.16920 with resistance at 1.17320 which both lines are below the weekly pivot point at 1.17450. 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 moving below level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal.
The bearish pressure is trying to drag the price down towards 1.16600.

eurusd
Source: fxglory

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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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T Analysis

Gold is in demand due to the Corona crisis and the election matters.
The support rests at 1888.69 with resistance at 1907.99 which both lines are below the weekly pivot point at 1913.37. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. 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. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1930.

gold
Source: fxglory

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T Analysis

Lack of economic reports in the UK put GBP under pressure.
The support rests at 1.28960 with resistance at 1.30380 which the weekly pivot point at 1.29820 is located in between 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 RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is trying to hit the upper Bollinger band at 1.31000.

gbpusd
Source: fxglory

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