USD/CAD: flat dynamics develop
Today during the Asian session, the USD/CAD pair is slightly declining, correcting after an uncertain growth yesterday. Macroeconomic statistics from the US and Canada released on Tuesday were rather poor.
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16.09.2020
EUR/USD: ambiguous dynamics
EUR is trading near zero against USD during today's Asian session, hovering at 1.1850. The day before, EUR managed to demonstrate moderate growth against USD and even updated local highs since September 10, but the "bulls" failed to consolidated at new levels (at 1.1900).
USD/CHF: wave analysis
The pair may grow.
On the daily chart, the third wave of the higher level (3) develops, within which the wave 1 of (3) forms. Now, the fifth wave of the lower level v of 1 is developing, within which the wave (iii) of v has formed, and an upward correction is developing as the wave (iv) of v. If the assumption is correct, the pair will grow to the levels of 0.9242–0.9302. In this scenario, critical stop loss level is 0.8998.
AUD/USD: wave analysis
The pair may fall.
On the 4-hour chart, the first wave of the higher level (1) of C develops, within which the wave 1 of (1) formed, and a downward correction started to develop as the second wave 2 of (1). Now, the wave a of 2 is developing, within which a local correction has formed as the wave (ii) of a. If the assumption is correct, the pair will fall to the levels of 0.6965–0.6682. In this scenario, critical stop loss level is 0.7415.
Consumer Price Index. UK, 08:00 (GMT+2)
At 08:00 (GMT+2), the UK data on the consumer price index for August will be released. It is the main indicator of the inflation rate in the country which determines the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, health care, and so on. It has a significant influence on monetary policy decisions. It is expected that the consumer price index will decline by 0.6% MoM and grow by 0.1% YoY.
GBP/NZD: 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 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 (1.9128). The closest resistance level is Kijun-sen line (1.9310).
EUR/GBP: 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 has crossed the price chart from above, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. Kijun-sen and Tenkan-sen lines have become support (0.9177) and resistance (0.9219) levels respectively
15.09.2020
SX5E: 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 the upper border of the cloud (3297.7). One of the previous maximums of Chikou Span line is expected to be a resistance level (3406.0).
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).