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FX BAZOOKA: technicals (Jan. 21)

 

EUR/USD

EUR/USD found support at the 4-month support line. Euro formed hammer and rose above Tenkan-sen (red line). MACD went above the signal line. The pair’s approaching the middle Bollinger band and Kijun-sen (blue line) in the $1.3580 area.  

Resistance: $1.3580, $1.3609, $1.3630

Support: $1.3525, $1.3500, $1.3465

Chart. H4 EUR/USD

Upcoming events

EUR - 10:00 GMT - German ZEW Economic Sentiment, euro zone’s ZEW Economic Sentiment

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

GBP/USD

Cable is consolidating in a sideways $1.6390/6460 range. The pair remains capped by the 2-week resistance at $1.6450. MACD histogram is rising into the positive zone.

Resistance: $1.6450, $1.6500, $1.6520

Support: $1.6430, $1.6410, $1.6390

 

Chart. H4 GBP/USD

Upcoming events

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

GBP – 11:00 GMT - CBI Industrial Order Expectations

USD/JPY

The pair broke to 103.70, testing the January resistance line to the upside. It is still unclear whether the pair manages to fix above this resistance. MACD histogram returned into the bullish zone.

Resistance:104.90/105.00, 105.40

Support: 104.15, 104.00/103.90

Chart. H4 USD/JPY

Upcoming events

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

USD/CHF

USDCHF has just broken through the 0.9135 resistance and met buyers at 0.9144. Market sentiment remains bullish. MACD histogram is about to rise above the signal line. The pair is slightly overbought.

Resistance: 0.9170, 0.9190/0.9200

Support: 0.9100/0.9090, 0.9030

Chart. H4 USD/CHF

Upcoming events

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

AUD/USD

AUD/USD tested the highest levels since last Thursday, but then slipped below $0.8800. The bearish Cloud’s widening, Kijun-sen (blue line) and MAs are falling.

Resistance: $0.8865, $0.8910, $0.8935

Support: $0.8778, $0.8758, $0.8700

Chart. H4 AUD/USD

Upcoming events

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

AUD - 23:30 GMT - Westpac Consumer Sentiment

AUD - 00:30 GMT - CPI

USD/CAD

USD/CAD rose to Friday’s high at 1.0983. MAs keep rising, so the medium-term trend remains bullish, though the lines of the Cloud went horizontal. If MACD goes up the signal line, this will be a positive development. Otherwise, the pair may correct lower.

Resistance: 1.0911, 1.1019, 1.0174

Support: 1.0950, 1.0915, 1.0900

Chart. H4 USD/CAD

Upcoming events

USD - watch corporate earnings (Johnson & Johnson and IBM) during American session

CAD - 13:30 GMT - Manufacturing Sales, Wholesale Sales

EUR
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