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14.10.2019 - 08.10.2019

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, the first wave 1 within the started wave (C) of the higher level develops. Now, the first wave of the lower level i of 1 of (C) has formed, and the local correction ii of 1 has ended, which has reached the correctional the level of 50%. If the assumption is correct, the pair will grow to the levels of 109.35–112.32. In this scenario, critical stop loss level is 106.44.

AUD/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.8967). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8976).

EUR/JPY: 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 crossing the price chart from below, 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 (117.16). The closest resistance level is Kijun-sen line (117.51).

Westpac Consumer Sentiment. Australia, 01:30 (GMT +2)

At 01:30 (GMT+2), data on Westpac Consumer Sentiment Index in Australia will be published. The indicator captures the level of consumer confidence and is a leading indicator of consumer spending and economic activity. The data are calculated based on a survey of consumers regarding their assessment of economic prospects. The last time the indicator was negative, amounting to −1.7%. Continuation of the trend will put pressure on the Australian currency.

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 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 (1.9215). The closest resistance level is Kijun-sen line (1.9467).

API Weekly Crude Oil Stock. United States, 22:30 (GMT+2)

At 22:30 (GMT+2), a weekly report on the amount of oil reserves in the United States from the American Petroleum Institute (API) will be released. Also to the data on oil reserves, the most important in the report, it contains data on the amount of gasoline and distillates in the USA. A reduction in oil reserves traditionally leads to an increase in oil prices, and an increase leads to a decrease. Last time, US oil inventories fell by 5.920 million barrels. Continuation of this trend may support the quotes.

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 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 Tenkan-sen line (0.8951). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9000).