Daily Market Review

Information of 21/03/17
A / Basic analysis
1 / Information last day
One working day with very little information related to economic activity, the market fluctuates in a narrow margin. Banks in Japan closed their holidays making the yen very volatile against the day. The US dollar index fell 99.86, while the 10-year US yield continued to fall to 2.48%.
In short term most pairs are trading at a premium over the US dollar since the Fed decided the interest rate, but looking farther away the pairs are essentially sideways at the key prices and waiting for a Signal breakthrough. Investors should note.
2 / Information today
Today the market will receive relevant information about monetary policy in Australia, England. There are also consumer price indexes in the UK and monthly retail indexes in Canada.
Annual consumer price indexes in the UK are forecast to rise 2.1% from 1.8% in the previous quarter. The UK consumer price index rose inevitably when the value of the pound during the past nine months fell more than 10% in value and there was a lot of hesitation ahead of the end of March. Continue to be mentioned.
By the afternoon the central bank governor will give a speech on the British economy and British monetary policy to deal with "post-Brexit"

B / Technical analysis
1 / Support - Resistance

A / EUR / USD pair
Support: 1.0708 - 1.0592 - 1.0492
Resistance: 1.0780 - 1.0864 - 1.0942

B / GBP / USD pair
Support: 1.2277 - 1.2135 - 1.2081
Resistance: 1.2436 - 1.2495 - 1.2541

C / USD / JPY pair
Support: 112.63 - 111.90 - 110.34
Resistance: 114.00 - 115.20 - 116.52

D / USD / CAD pair
Support: 1.3267 - 1.3197 - 1.3082
Resistance: 1.3443 - 1.3536 - 1.3577

E / AUD / USD pair
Support: 0.7621 - 0.7528 - 0.7456
Resistance: 0.7714 - 0.7751 - 0.7832

F / NZD / USD pair
Support: 0.6958 - 0.6880 - 0.6780
Resistance: 0.7063 - 0.7153 - 0.7250

G / USD / CHF pair
Support: 0.9955 - 0.9875 - 0.9782
Resistance: 1.0066 - 1.0147 - 1.0267
2. Technical signals
A.USD / JPY
The current price has stopped at the support level of the downward trend. In this area, the Inverted Harmer candle has signaled a reversal signal and will be able to correct the resistance at 113.50 and continue falling to 112.00.
*
B.USD / CHF
_ Price has continued to break the support 1.0022 and today may stop at 0.9915.
 
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