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T Analysis

UK’s public sector net borrowing posted a deficit in April and retail sales data grew more than expected.
The support rests at 1.22080 with resistance at 1.22840 which both lines are above the weekly pivot point at 1.21800. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is trying to reach level 50 of Fibonacci at 1.23600.

gbpusd
Source: fxglory

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T Analysis

Yesterday EURUSD did not move much due to holidays in the US and UK.
The support rests at 1.08970 with resistance at 1.09390 which the weekly pivot point at 1.09040 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD is trying to grow towards 61.8 level of Fibonacci at 1.09550.

eurusd
Source: fxglory

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T Analysis

BOC Governor Stephen Poloz speaks today.

The pair is finding support at 1.39610 with resistance at 1.40240 which the weekly pivot point at 1.39960 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, 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 in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.

The indicators are showing mixed signals. It seems that USDCAD is fluctuating within the support and resistance lines today.

usdcad
Source: fxglory

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T Analysis

BOJ decided to leave the interest rates unchanged.
The support rests at 107.510 with resistance at 107.840 which the weekly pivot point at 107.590 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 moving above 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY is trying to consolidate within the colored area however, the resistance line breakout will push the price up towards 108.

usdjpy
Source: fxglory

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T Analysis

EUR is under pressure against USD and the economic reports from Germany will not empower EUR much.
The support rests at 1.08830 with resistance at 1.09150 which the weekly pivot point at 1.09040 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, 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.

The bearish trend may continue towards the lower Bollinger band at 1.08700.

eurusd
Source: fxglory

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T Analysis

There are no major economic reports in Switzerland and the US so USDCHF will be chiefly under the influence of macroeconomic factors.
The support rests at 0.96910 with resistance at 0.97360 which the weekly pivot point at 0.97130 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is above below 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.97500.

usdchf
Source: fxglory

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T Analysis

The GfK consumer confidence declined while UK’s Markit manufacturing PMI increased.
The support rests at 1.21710 with resistance at 1.22580 which the weekly pivot point at 1.22150 is located in between the lines. 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 falling towards oversold area, 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.
GBPUSD is falling down towards 1.21450.

gbpusd
Source: fxglory

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T Analysis

Euro-zone’s Markit manufacturing PMI grew more than expected and initial jobless claims declined in the US.
The support rests at 1.08960 with resistance at 1.09710 which both lines are above the weekly pivot point at 1.08310. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.

EURUSD is falling down towards the lower Bollinger band at 1.09060.

eurusd
Source: fxglory

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T Analysis

Credit Card Spending was released in New Zealand and there will be Federal Reserve Chairman Jerome Powell’s talk in the US.
The support rests at 0.60980 with resistance at 0.61490 which both lines are above the weekly pivot point at 0.60040. 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 50 level, 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 above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.

Short positions are recommended towards 0.60800.

nzdusd
Source: fxglory

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T Analysis

Trade Balance, PMI Manufacturing and PMI Composite were published in Japan and the US will release Unemployment Claims, Continuing Claims and ISM Manufacturing.
The support rests at 107.410 with resistance at 107.890 which both lines are above the weekly pivot point at 107.160. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.

While the bullish pressure remains, the upper Bollinger band at 108 is expected.

usdjpy
Source: fxglory

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