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18.09.2020

EUR/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (1.5529). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.5659).

EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (119.29). The closest resistance level is Kijun-sen line (124.61).

National CPI. Japan, 01:30 (GMT+2)

At 01:30 (GMT+2), be data on changes in the national consumer price index for August will be released in Japan. The indicator reflects the assessment of price dynamics obtained by comparing the retail prices of the corresponding basket of goods and services. The high value of the indicator is positive for the yen. The indicator is expected to grow by 0.6% YoY.

17.09.2020

GBP/CHF: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.1712). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.1797).

CAD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (79.068). The closest resistance level is Kijun-sen line (79.838).

GBP/AUD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.7711). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7789).

Initial Jobless Claims. USA, 14:30 (GMT+2)

Weekly data on initial jobless claims from the USA will be released at 14:30 (GMT+2). The indicator measures the number of people who applied for unemployment benefits for the first time in the past week. These data are collected by the Department of Labor and published in a weekly report. Initial Jobless Claims indicator is used to measure the state of the labor market, since an increase in the indicator means that fewer people are hired. It is expected that the indicator may decrease from 884K to 850K.

Bank of England Decision on the Interest Rate. UK, 13:00 (GMT+2)

Bank of England decision on the interest rate and the follow-up statement are due at 13:00 (GMT+2). If the regulator shows a "bullish" attitude towards the inflation forecast in the economy and raises the interest rate, this is a positive factor for GBP. Reducing the rate or maintaining it at the same level is regarded as a negative factor. It is expected that the regulator will keep the rate at the level of 0.1%.

WTI Crude Oil: technical analysis

An uptrend is forming on the H4 chart. The instrument is traded at the upper border of Bollinger Bands; the indicator cloud is expanded; the preservation of the uptrend is likely in the medium term. MACD histogram is in the positive zone gradually increasing volumes; the signal line is crossing the body of the histogram from below, forming a signal for opening buy orders. Stochastic crosses the oversold zone from above; a signal to open short positions is forming.