Industrial Investment: The Euro Reaches a Two Week High The pound briefly broke through during the trading session1.32

Industrial Investment: The Euro Reaches a Two Week High The pound briefly broke through during the trading session1.32
2019year3month19day
euro/dollar
Due to the cautious attitude of the market towards the US economy and the expectation that the Fed's stance may be loose this week, the US dollar index will further decline. Additionally, the trade data released by the Eurozone is positive, and the Eurozone1Monthly trade account170Billion euros, expected to be150Billion euros, boosting the euro/The US dollar quickly fluctuated and rose to1.1358, reaching a high of half a month. However, the bearish news of Brexit's convenience once again left Brexit full of uncertainty. The euro took back some of its gains from its intraday high and recorded a mild rebound for the second consecutive day, closing at1.1335Sort out the previous downward trend. Can follow the eurozone in the future3monthZEWEconomic Prosperity and Current Situation Index/U.S.A1Monthly factory order rate and other data performance.
Recorded on the daily chart in the past two daysKThe length of the line indicates that the pressure above is heavy, and the sustained upward movement can or may be limited.4Hour chart needs to be broken up in the short term1.1370Only the first line can open up further upward space.1The hourly chart shows an upward trend in temperature and turbulence, while the current trend is rising and falling, and the kinetic energy has slowed down. Not broken within the day1.1370One line can short a light position below this level.
Support position:1.1300/1.1275/1.1245
Resistance level:1.1355/1.1370/1.1400
pound/dollar
Independent Television's political editor stated on Monday that the Northern Ireland Democratic Alliance and the British government will not discuss whether to support Prime Minister Theresa this week.Mei's Brexit agreement has been reached. So Theresa.May will not risk a third meaningful vote this week. Earlier, British Foreign Secretary Johnson requested an adjustment to the Irish safeguard clause, otherwise he would refuse to support Theresa.Mei's agreement. At the beginning of this week, Aunt Mei suffered multiple setbacks. In addition, the Speaker of the UK Parliament stated that a third vote will not be held unless another proposal is submitted. After the news came, the pound/The US dollar accelerated its decline to1.32Below the checkpoint, the intraday decline also expanded to0.8%Once touched1.3184Set a one week low. New York saw a slight rebound in late trading and closed at1.3262. Uncertainty will continue to dominate the Brexit process in the next two weeks, and given the multiple possibilities that still arise, it is not recommended to increase the long position in the pound. Continue to monitor developments and UK employment report data for the day.
Technically, the daily chart maintains the upward trend of volatility since the mid-term, with short-term or high wide fluctuations expected to be severe.4Hour chart short-term or on1.32Shake above the gate.1The top of the hour chart is unbreakable1.3310There may be limited upward space on the first line. Not broken within the day1.33The level allows for light short positions.
Support position:1.3200/1.3160/1.3123
Resistance level:1.3300/1.3320/1.3350
dollar/Japanese yen
Monday USD/The yen replicated last Friday's trend and showed a fluctuating downward trend, mainly dragged down by the downward trend of the US dollar index. Meanwhile, the US stock market continued to rise, with the Dow Jones Industrial Average closing higher for the fourth consecutive trading day, with bank stocks leading the way. An improvement in risk appetite is not conducive to the yen. In addition, the loose monetary policy stance of the Bank of Japan last Friday also put pressure on the yen. dollar/The yen once fell111.00Near the checkpoint, ultimately collected at111.37Sort out the previous upward trend. Focus on the US dollar and stock market performance during the day.
The daily chart continued to decline from high to20Below the daily moving average, if maintained below this level, there is still room for decline.4The hourly chart maintains a good upward trend of oscillation, but the current kinetic energy is weakened, and it may be expected to explore downward111Gateway.1Hour chart continues from111.90The fluctuating downward trend since the first line. Available within the day111.65Short the first tier light positions.
Support position:111.10/110.70/110.50
Resistance level:112.00/112.45/112.80
dollar/Cad
Given the scarcity of fundamental information in Canada, the US dollar/The trend of the Canadian dollar is mainly guided by the US dollar index. Monday Asia Europe period, USD/The Canadian dollar follows the US dollar index, maintaining a volatile upward trend, reaching its highest point1.3364. However, oil prices have benefited fromOPECThe potential extension of the lead production reduction action, as well as the prospects for the United Statescrude oilThere are signs of inventory decline, and international oil prices continue to rise to a four month high. dollar/The further upward movement of the Canadian dollar can be suppressed, and all previous gains were reversed during the day's high volatility, ultimately recording a cross star negative line and closing at1.3338Organize in the short term or near this level. Can follow US data and US data in the futureAPICrude oil inventory.
The long up and down hatches recorded in the daily chart in recent days indicate greater pressure above, while the long down hatches also indicate stronger support below, or1.33Organize above the checkpoint.4The rebound momentum of the hourly chart is not strong, and it is expected to continue to remain atMA100upper.1The hourly chart may rise and fall, or it may be expected to lower1.3315Nearby. Available within the day1.3365Short the first tier light positions.
Support position:1.3305/1.3260/1.3220
Resistance level:1.3360/1.3400/1.3435