Daily Forex Technical Analysis By XtreamForex

EUR/USD
Technical Overview:
Prev. Close 1.1211
Open 1.1211
Day’s Range 1.1205 - 1.1216
52 wk Range 1.0538 - 1.1616
1-Year Return - 0.04%
Support and Resistance:
Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.

Technical Indication: Strong Sell

GBP/USD
Technical Overview:
Prev. Close 1.2836
Open 1.2836
Day’s Range 1.2829 - 1.286
52 wk Range 1.2796 - 1.5513
1-Year Return - 15.4%
Support and Resistance:
Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.

Technical Indication: Strong Sell

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EUR/USD

Technical Overview:
Prev. Close 1.1205
Open 1.1205
Day’s Range 1.1200 - 1.1213
52 wk Range 1.0538 - 1.1616
1-Year Return - 0.62%
Support and Resistance:
Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1200 below which 1.1196 and 1.1191 could be tested. On the other side the immediate resistance 1.1210 and may go for further test 1.1214. A break beyond the last, doors will open for a test of 1.1219

Upcoming Economic News:

1. EUR - German Factory Orders m/m
2. EUR - ECB Monetary Policy Meeting Accounts
3. USD - Unemployment Claims

EUR/USD

Technical Overview:
Prev. Close 1.1054
Open 1.1054
Day’s Range 1.1042 - 1.1068
52 wk Range 1.0538 - 1.1616
1-Year Return - 2.75%
Support and Resistance:
Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1050 below which 1.1041 and 1.1033 could be tested. On the other side the immediate resistance 1.1066. If market breaks the immediate resistance then door will open for a test of 1.1075 and from there to 1.1083.
Market Trending: Down

GBP/USD
Technical Overview:
Prev. Close 1.2124
Open 1.2124
Day’s Range 1.2106 - 1.2319
52 wk Range 1.1450 - 1.5513
1-Year Return -20.09
Support and Resistance:
Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2096 below which 1.2070 and 1.2043 could be tested. On the other side the immediate resistance 1.2150. If market breaks the immediate resistance then door will open for a test of 1.2176 and from there to 1.2203.
Market Trending: Down

Daily Forex Market News

EUR / USD

The EUR gained + 0.42% against the USD after Draghi speech. Yesterday EURUSD closed at 1.0998.
Today during Asian session market is trying to rise against USD and Now Trading at 1.1021.
Today most important news’s for traders are USD – Consumer Price Index (CPI), GBP – Retail Price Index (RPI), GBP – Consumer Price Index (CPI) data will hit the market sentiment.

Support and Resistance:
Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.0995 below which 1.0990 and 1.0986 could be tested. On the other side the immediate resistance 1.1003. If market breaks the immediate resistance then door will open for a test of 1.1008 and from there to 1.1012

Upcoming Important Economic News :

1. GBP – Retail Price Index (RPI)
2. GBP – Consumer Price Index (CPI)
3. GBP – Producer Price Index (PPI)
4. CAD – Manufacturing Shipments, Factory Sales
5. USD – Empire State Manufacturing Index
6. USD – Consumer Price Index (CPI)
7. USD – Consumer Price Index (CPI),Federal Open Market Committee (FOMC)
8. NZD – Global Dairy Trade

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Technical And Economical News

Of The Day

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USD/JPY
Technical Overview:
Prev. Close 104.14
Open 104.14
Day’s Range 103.67 - 104.17
52 wk Range 99.08 - 123.69
1-Year Return - 13.81%

Support and Resistance:
Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 103.69 below which 103.67 and 103.65 could be tested. On the other side the immediate resistance 103.73. A break beyond the last, doors will open for a test of 103.75 and from there to 103.77.

Upcoming Important Economic News:
1. USD - ADP Non-Farm Employment Change at 03.15 PM
2. USD - Crude Oil Inventories at 05.30 PM
3. USD - FOMC Statement at 09.00 PM
4. USD - Federal Funds Rate at 09.00 PM


USD/CAD
Technical Overview:
Prev. Close 1.3390
Open 1.3390
Day’s Range 1.3384 - 1.3402
52 wk Range 1.2458 - 1.4692
1-Year Return +2.24%

Support and Resistance:
Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3383 below which 1.3376 and 1.3369 could be tested. On the other side the immediate resistance 1.3397. A break beyond the last, doors will open for a test of 1 1.3404 and from there to 1.3411.

Upcoming Economic News:
1. CAD - Gov Council Member Wilkins Speaks at 08.30 PM

EUR USD Forecast for the Week 07 to 11 November,2016

EUR/USD recovered at the beginning of November. EUR/USD had a highly productive time last week as it climbed to its highs over the last 3 weeks. It was largely helped by the weakness in the USD across the board as global risks continued to dominate the headlines. Euro-zone inflation remains subdued. Despite a rise in the headline CPI, core inflation did not budge, causing a headache for the ECB. GDP growth was OK as 0.3%, but also failed to excite. In the US, the FED and the NFP had their word ahead of the elections. Clinton remains in the lead, albeit a narrower one, due to the FBI Effect. The US Non-Farm Payrolls were quite upbeat, with the biggest gain in wages since 2009, but markets focus on the elections.

EUR USD Technical Forecast:

Previous week close 1.1138
Current Week Open: 1.1061
Today’s Market Range: 1.1055 - 1.1141
52 wk Range: 1.0538 - 1.1616

Support and Resistance Forecast:

S 1: 1.1119
S 2: 1.1099
S 3: 1.1080

R 1: 1.1157
R 2: 1.1177
R 3: 1.1196

Read More : Daily & Weekly Analysis on XtreamForex

EUR USD Daily Technical Analysis

Time Frame: Daily Candle

Prev. Close 1.1026
Open 1.1026
Day’s Range 1.0990- 1.1283
52 wk Range 1.0538 - 1.1616
1-Year Return + 2.25%%

Support and Resistance:

S1: 1.1020
S2: 1.1014
S3: 1.1008R1: 1.1032
R2: 1.1038
R3: 1.1044


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EUR USD Technical Analysis 23rd November, 2016
Technical Analysis Overview:
Prev. Close 1.0625
Open 1.0625
Days Range 1.0622 1.0635
52 wk Range 1.0538 1.1616
1-Year Return 0.01%

Technical Support and Resistance
In terms of EUR USD Technical analysis the EUR/USD pair will find its immediate support at 1.0619. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0612 and 1.0604. On the other side the market has immediate resistance 1.0633. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0640 and 1.0648.
Expected trading range for today is between 1.0622 supports and 1.0635 resistances.
Along with technical analysis following economic event is very important to analyze the financial market properly.

Upcoming Important Economic News in EUROPE: (GMT +2)
1. French Flash Manufacturing PMI at 10am
2. French Flash Services PMI at 10am
3. German Flash Manufacturing PMI at 10.30am
4. German Flash Services PMI at 10.30am
5. Flash Manufacturing PMI at 11am
6. Flash Services PMI at 11am
7. German 10-y Bond Auction ( all day long)

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EUR USD Forecast for the Week 21st November, 2016

The EUR/USD had a strong negative candle. Market is testing the 1.05 level almost immediately. If we break down below there, as per the EUR USD forecast the Euro will very easily reach the parity level over the next several weeks.

The US yields continued to rise on Friday as well. as it has been the case over the past couple of weeks and this has enabled the USD to continue to gain strength. No currency has been able to survive this onslaught and it has all been one way traffic for the past couple of weeks. This has hit the euro very hard especially as the QE continues to take its toll on the euro. Neither Draghi, nor the ECB has not yet signaled any kind of tapering or stopping of the QE as yet and this, along with the USD strength, has caused the EURUSD pair to crash through 1.0800 during the last week and it also crashed through 1.0600 and sits at a tough support region at around 1.0580 to end the week.

The region between 1.0500 and 1.0600 has been known to be a tough support region but it all depends on the yield.
Upcoming economic events to the coming week, we have Draghi making a speech on Monday but we will not be looking forward too much to it as he does not have the habit of addressing monetary policy unless absolutely necessary. So far, no one in the ECB has expressed concern about the value of the euro and so we do not expect him to say much. We also have the FOMC statement on Wednesday where the market would expect further hints, signs and confirmation of a rate hike in December. If this happens, we can expect the dollar strength to continue.

EUR USD Technical Forecast:
Previous week close: 1.0607
Current Week Open: 1.0582
Todays Market Range: 1.0579 1.0614
52 wk Range: 1.0538 1.1616

Support and Resistance Weekly Forecast:
S 1: 1.0486
S 2: 1.0384
S 3: 1.0201
R 1: 1.0771
R 2: 1.0954
R 3: 1.1056

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Daily EUR USD Technical Analysis 30th November, 2016

Technical Analysis Overview:

Prev. Close 1.0650
Open 1.0647
Day’s Range 1.0593 - 1.0622
52 wk Range 1.0515 - 1.1616
1-Year Return 0.80%

Technical Support and Resistance:

After OPEC meetings and discussion EUR rose 0.64% against USD. Yesterday market closed at 1.0650. Today expected EUR USD market range is 1.0629 - 1.0660.
In terms of EUR USD technical analysis the EUR/USD pair will find its immediate support at 1.0589. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0633 and 1.0624. On the other side the market has immediate resistance 1.0659. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0667 and 1.0676.

Along with technical analysis following economic event is very important to analyze the financial market properly.

Upcoming Important Economic News in EUROPE: (GMT +2)

12:30pm EUR German Retail Sales m/m
1:15pm EUR French Prelim CPI m/m
2:25pm EUR German Unemployment Change
3:30pm EUR CPI Flash Estimate y/y
3:30pm EUR Core CPI Flash Estimate y/y
3:30pm EUR Italian Prelim CPI m/m
6:00pm EUR ECB President Draghi Speaks

Read : GBP/USD Analysis

EUR/USD analysis: Correction after rally, consolidation likely to continue

Trump and geopolitics have been the driver of the currency market during the last 24 hours. Trump’s interview with the WSJ triggered a decline of the US dollar.

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These five stock market tips for trading like a professional will put the odds in your favor if you are just learning about the stock market.

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Trade War Rhetoric and Brexit Chatter to maintain the USD and GBP in Action
Trump talks of more tariffs as the G20 Summit come up to, with Brexit chatter ongoing to pin the Pound back on probabilities of the deal being thrown out.

Earlier in the Day:
Economic data discharged through the Asian session this morning was restricted to October trade figures out of New Zealand.

For the Kiwi Dollar, there was more bad news following some mainly disappointing 3rd quarter retail sales figures released on Monday, with the trade shortage widening in October, year-on-year, from NZ$5,330m to NZ$5,790m, which is the highest annual trade deficit since October 2007.

According to NZ Stats:
· Monthly introduces hit a record NZ$6.2bn in October, rising above September’s preceding record high NZ$5.9bn, the continued rise featured to higher prices for crude oil and a pullback in the Kiwi Dollar

· Import values for October were NZ$758 (14%) higher than in October 2017, with the increase spread across a range of commodities, through petroleum and producers were the main contributor, up NZ$257m (68%).

· On the export front, total exports rose by NZ$303m (6.6%) in October to NZ$4.9bn compared with October 2017, with exports sitting at their highest level for any October month.

· The increase in exports was attributed to fruit exports (NZ$204m) and kiwifruit exports in particular (NZ$112m).

· The monthly trade insufficiency narrowed from NZ$1.596m to NZ$1.205m, which was inferior than a forecasted narrowing to an NZ$850m deficit.

At the time of writing, the Kiwi Dollar moved from $0.67734 to $0.67694 upon discharge of the figures before falling to $0.67761, marking a 0.13% loss for the session.
Elsewhere, the Japanese Yen stood at ¥113.43 against the U.S Dollar, a gain of 0.13% for the session, while the Aussie Dollar was down 0.03% to $0.7219, talk of Trump going at the forefront with the January 1st, 2019 tariffs a negative start to the day to weigh on risk appetite.

In the equity markets, the Hang Seng saw red early on, down 0.49%, while the rest of the majors held onto early gains, the Nikkei and CSI300 both up by 0.09%, while the ASX200 gained 0.36%, moderately reversing Monday’s slide, with the gains in the U.S and Europe providing little support ahead of the G20, as Trump lay’s down the fundamentals to trade talks with more tariff chatter at the start of the week.

The Day Ahead:

For the EUR, economic data is limited to jobseeker numbers out of France that are unlikely to have a material impact on the EUR through the day, with focus likely to remain on Italy and general outlook towards the economic outlook, which could cause the ECB to pause on its financial policy plans for next year should conditions go down further.
At the time of writing, the EUR was up 0.03% to $1.1331, with geo-political risk and chatter on Italy the key drivers through the day.

For the Pound, it’s another quiet day on the data front, leaving the markets to continue to focus on Theresa May and her progress on home soil to convince MPs to shift on their current stance on the deal to drive through the Brexit deal in the announced 11th December parliamentary vote, the current vote count going heavily against Theresa May’s widely criticised deal.
At the time of writing, the Pound was down 0.14% at $1.2809, with Brexit news the key driver through the day.

Across the Pond, economic data released through the day incorporates September housing sector figures and November’s consumer self-assurance numbers.
While focus will likely stay behind on the consumer confidence numbers, which comes in the wake of the mid-term elections and a choppy period in the U.S equity markets, in housing sector number we will also anticipate some Dollar sensitivity, weaker house price development likely to consider on the Dollar.

On the policy front, FOMC members Bostic and George are planned to verbalize late in the day that could also manipulate, any continued increase in dovish FOMC members positively not supportive of a bullish Dollar.
At the time of writing, the Dollar Spot Index was down 0.01% to 97.06, with today’s stats and any trade war chatter ahead of Friday and Saturday’s G20 Summit likely to be the key drivers through the day.

For the Loonie, another quiet day ahead, leaves the Loonie in the hands of market risk appetite and direction in crude oil prices in particular.
The Loonie was down 0.04% to C$1.3260 against the U.S Dollar at the time of writing.

In Previous Three Days USD/JPY Hits Lowest Price Below 113.50

The USD/JPY pair recommenced its decline and breaks the 113.50 support in the Asian trading, as the USD bears recovered poise amid dovish remarks by the Fed Chair Powell while markets pay no attention to the risk-on action on the equities.

1. Technical Overview
The increasing momentum seen in the last few days continues easing according to technical readings in the 4 hours chart, where signs are in frank retracement straight from overbought readings and now nearing their midlines. The 100 SMA in the mentioned chart lacks directional force a few pips under the current level, at around 113.35, providing an instantaneous short-term support, as a break below it will likely worsen the decline. The 200 SMA is also aimless at around 112.90, with bulls possibly giving up on a break below this last.

Support levels: 113.35 112.90 112.55
Resistance levels: 113.75 114.05 114.50
SUPPORT & RESISTANCE
USD/JPY
S1 113.720 W R3 115.870 S
S2 112.9000 M R2 114.8800 M
S3 111.9100 S R1 113.9600 W

Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs
USD CAD
The USD traded a bit lower against the CAD and closed at 1.3319.
Today, 6:30, and at 12:45. The Deputy Governor of the Bank of Canada will speak in Istanbul, Turkey. He will have the opportunity to comment on the excellent jobs report published on Friday, which seems much better than the dovish tone of the BOC decision.
According to the Analysis, The pair is expected to find support at 1.32480, and a fall through could take it to the next support level of 1.31774. The pair is expected to find its first resistance at 1.33945, and a rise through could take it to the next resistance level of 1.34701. Previous Day range was 146.8 and Current Day Range is 36.9.

AUD USD
The AUD traded bit higher against the USD and closed at 0.7201.
JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.
The pair is expected to find support at 0.71852, and a fall through could take it to the next support level of 0.71694. The pair is expected to find its first resistance at 0.72281, and a rise through could take it to the next resistance level of 0.72569.
AUD/USD previous Day range was 43.6 and Current Day Range is 44.9.

USD JPY
The USD traded lower against JPY and closed at 112.687.
Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
GDP growth can have a positive effect on yen quotes.
According to the analysis, USD/JPY pair is expected to find support at 112.517, and a fall through could take it to the next support level of 112.350. The pair is expected to find its first resistance at 112.887, and a rise through could take it to the next resistance level of 113.090.
USD/JPY previous day range was 3700 and current day range is 4340.

Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

USD CAD

The USD traded a bit lower against the CAD and closed at 1.3389.

Consumer Price Index (CPI) m/m reflects changes in prices of a basket of consumer goods and services in the given month compared to the previous one.


According to the Analysis, The pair is expected to find support at 1.33700, and a fall through could take it to the next support level of 1.33512. The pair is expected to find its first resistance at 1.341575, and a rise through could take it to the next resistance level of 1.34420. Previous Day range was 45.7 and Current Day Range is 26.5.


AUD USD

The AUD traded bit higher against the USD and closed at 0.7202.

The pair is expected to find support at 0.71817, and a fall through could take it to the next support level of 0.71594. The pair is expected to find its first resistance at 0.72235, and a rise through could take it to the next resistance level of 0.72447.

AUD/USD previous Day range was 42.1 and Current Day Range is 32.5.


USD JPY

The USD traded higher against JPY and closed at 113.317.

Tertiary Industry Index m/m reflects changes in the Japanese domestic service sector in the given month compared to the previous one. The index calculation includes all key service sectors, such as information and communications, energy, utilities, transportation, finance, insurance, tourism, banking, education, etc.

According to the analysis, USD/JPY pair is expected to find support at 113.096, and a fall through could take it to the next support level of 112.823. The pair is expected to find its first resistance at 113.550, and a rise through could take it to the next resistance level of 113.733.

USD/JPY previous day range was 4550 and current day range is 1980.

Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

EUR USD

The EUR traded a bit lower against the USD and closed at 1.1368.

Today ECB Deposit Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The regulator takes decisions on deposit rates depending on the inflationary outlook and economic growth.

EU Leaders Summit is a regular two-day meeting of EU leaders and senior officials. Press conferences and open meetings of participants are held during the event. Depending on the events discussed at the summit, as well as political and economic rhetoric of the participants, euro quotes may change for a short time.


According to the Analysis, The pair is expected to find support at 1.13266, and a fall through could take it to the next support level of 1.12856. The pair is expected to find its first resistance at 1.13974, and a rise through could take it to the next resistance level of 1.14268. Previous Day range was 70.5 and Current Day Range is 11.1.


GBP USD

The GBP traded lower against the USD and closed at 1.2624.

Retail Sales m/m reflects a change in the US retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

The pair is expected to find support at 1.25102, and a fall through could take it to the next support level of 1.23943. The pair is expected to find its first resistance at 1.27020, and a rise through could take it to the next resistance level of 1.27797.

GBP/USD previous Day range was 191.2 and Current Day Range is 35.2.


USD CHF

The USD traded higher against CHF and closed at 0.9933.

Swiss National Bank (SNB) Interest Rate Decision is announced four times a year during SNB governing board meeting. The decision depends on the existing inflationary outlook and economic growth.
Interest rate growth can have a positive impact on CHF quotes.

According to the analysis, USD/CHF pair is expected to find support at 0.99084, and a fall through could take it to the next support level of 0.98846. The pair is expected to find its first resistance at 0.99609, and a rise through could take it to the next resistance level of 0.99891.

USD/CHF previous day range was 52.3 and current day range is 20.2.

Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

EUR USD

The EUR traded a bit lower against the USD and closed at 1.1357.

The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.

According to the Analysis, The pair is expected to find support at 1.13277, and a fall through could take it to the next support level of 1.12998. The pair is expected to find its first resistance at 1.13885, and a rise through could take it to the next resistance level of 1.14200. Previous Day range was 60.1 and Current Day Range is 8.7.


AUD USD

The AUD traded lower against the USD and closed at 0.7226.

A bear flag breakdown seen in the AUD/USD's chart is indicating that the sell-off from the Dec. 4 high of 0.7392 has resumed and the psychological level of $0.70 could be put to test soon.

The drop to 0.70 could happen before the end of the year if the Fed retains hawkish stance next week, squashing expectations of a 2019 rate hike pause.

The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods.
The Actual & Deviation History chart tells you if an economic data surprised the market in the past compared to its expectation (consensus). A surprise generally generates a bigger impact (more movements) in the markets, including currencies.

The pair is expected to find support at 0.72101, and a fall through could take it to the next support level of 0.71939. The pair is expected to find its first resistance at 0.72444, and a rise through could take it to the next resistance level of 0.72621.

AUD/USD previous Day range was 34.2 and Current Day Range is 49.2.


USD CAD

The USD traded higher against CAD and closed at 1.3353.

Upcoming Event The Consumer Price Index Core will be released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the analysis, USD/CAD pair is expected to find support at 1.33324, and a fall through could take it to the next support level of 1.33123. The pair is expected to find its first resistance at 1.33776, and a rise through could take it to the next resistance level of 1.34035.

USD/CAD previous day range was 45.5 and current day range is 26.9.

Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

USD CAD

The USD traded lower against the CAD and closed at 1.3394.

NAHB Housing Market Index is released by the National Association of Home Builders. It presents home sales and expected home buildings in the future indicating housing market trend in the United States. The growth rate of the housing market affects the USD volatility. Normally, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

According to the Analysis, The pair is expected to find support at 1.33594, and a fall through could take it to the next support level of 1.33248. The pair is expected to find its first resistance at 1.34141, and a rise through could take it to the next resistance level of 1.34353. Previous Day range was 55 and Current Day Range is 15.2.


AUD USD

The AUD traded lower against the USD and closed at 0.7173.

The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

The pair is expected to find support at 0.72395, and a fall through could take it to the next support level of 0.71063. The pair is expected to find its first resistance at 0.72167, and a rise through could take it to the next resistance level of 0.72604.

AUD/USD previous Day range was 76.8 and Current Day Range is 13.


USD JPY

The USD traded higher against JPY and closed at 113.397.

The Adjusted Merchandise Trade Balance is released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependent on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish).

According to the analysis, USD/JPY pair is expected to find support at 113.182, and a fall through could take it to the next support level of 112.969. The pair is expected to find its first resistance at 113.635, and a rise through could take it to the next resistance level of 113.881.

USD/JPY previous day range was 4550 and current day range is 1870.
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Technical Overview of Gold and Bitcoin

GOLD

The XAU traded higher against the USD.x and closed at 1242.86.

According to the Analysis, The XAU/USD.X pair is expected to find support at 1236.29, and a fall through could take it to the next support level of 1229.90. The pair is expected to find its first resistance at 1248.64, and a rise through could take it to the next resistance level of 1254.43. Previous Day range was 12.33 and Current Day Range is 38100.

Bitcoin

The BTC traded higher against USD and closed at 3616.07

According to the Analysis, The BTC/USD pair is expected to find support at 3352.19, and a fall through could take it to the next support level of 3037.40. The pair is expected to find its first resistance at 3800.47, and a rise through could take it to the next resistance level of 3986.81. Previous Day range was 450.34 and Current Day Range is 76.82.
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Technical Overview of EUR/USD, AUD/USD and USD/JPY Currency Pairs

EUR USD

The EUR traded higher against the USD and closed at 1.136.

Producer Price Index (PPI) m/m reflects an average change in goods selling prices from the producer perspective in Germany, in the reported month compared to the previous month. A higher than expected reading can be seen as positive for the euro quotes.

According to the Analysis, The pair is expected to find support at 1.13307, and a fall through could take it to the next support level of 1.13017. The pair is expected to find its first resistance at 1.13952, and a rise through could take it to the next resistance level of 1.14309. Previous Day range was 64.5 and Current Day Range is 26.9.


AUD USD

The AUD traded a bit higher against the USD and closed at 0.7178.

Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.
The report is used to evaluate the US real estate market.
The indicator growth can have a positive effect on US dollar quotes.

The pair is expected to find support at 0.71607, and a fall through could take it to the next support level of 0.71435. The pair is expected to find its first resistance at 0.71984, and a rise through could take it to the next resistance level of 0.72199.

AUD/USD previous Day range was 38.2 and Current Day Range is 26.2.


USD JPY

The USD traded lower against JPY and closed at 112.509.

The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.
Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

According to the analysis, USD/JPY pair is expected to find support at 112.222, and a fall through could take it to the next support level of 111.931. The pair is expected to find its first resistance at 112.817, and a rise through could take it to the next resistance level of 113.132.

USD/JPY previous day range was 6030 and current day range is 3930.
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