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17.02.2020

AUD/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below 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 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 (0.8875). The closest resistance level is the upper border of the cloud (0.8917).

EUR/CHF: 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 below the price chart, current cloud is descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (1.0629). The closest resistance level is the upper border of the cloud (1.0685).

Industrial Production. Japan, 06:30 (GMT+2)

At 06:30 (GMT+2) in Japan, data on the volume of industrial production for December will be published. The indicator fixes the level of change in the volume of industrial production and utilities in the country. The calculation of the indicator takes into account the manufacturing and mining industries, as well as the electric power industry. It is expected that in January the indicator will remain at the same level of 1.3%.

Gross Domestic Product. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), preliminary data on Q4 2019 Japan's GDP will be released. It is an important indicator reflecting the state of the national economy, which takes into account domestic consumption, investment, government spending and exports. It is expected that the Japanese economy may decline on a quarterly basis by 0.9%, and on an annualized basis – by 3.7%. The implementation of the forecast may put pressure on the yen.