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15.09.2020

EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. 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 (123.60). The closest resistance level is the upper border of the cloud (125.50).

AUD/CAD: 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 above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (0.9581). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9780).

Industrial Production. United States, 15:15 (GMT+2)

At 15:15 (GMT+2), the US data on changes in the level of industrial production for August will be released. The indicator reflects the volume of production at plants and factories. The value is expected to increase by 0.8% MoM. A high value may indicate inflation expectations and, therefore, an imminent rate hike, so a high score strengthens the US dollar, while a low value weakens it.

AUD/USD: technical analysis

On the 4-hour chart, the lateral trend remains. The instrument is consolidating at the upper line of Bollinger Bands; the indicator cloud is expanding, an uptrend is likely to form in the short term. MACD histogram is near the zero level, its volumes are minimal; the signal line is directed horizontally without forming a clear signal to enter the market. Stochastic is in the neutral zone, demonstrating lateral movement.