Latest trend: new cases fall for 6 days in a row outside Hubei! Euro, pound, Australian dollar, Japanese yen and Canadian dollar this week trend forecast!

In early Asian trading on Monday, market sentiment was cautious, with stock markets in Japan and South Korea opening lower and spot gold briefly rising above $1,575, while the U.S. dollar held firm at a high.

The latest data according to the national guard is built appoint, 24 to February 9, according to the 31 provinces (autonomous regions and municipalities directly under the central government) and the xinjiang production and construction corps, the existing 35982 cases of confirmed cases of 6484 patients with severe cases (), the cumulative cured cases, 3281 cases of hospital, the cumulative death cases, 908 cases, has reported 40171 cases of confirmed cases (hubei subtract 87 examples, jiangxi province, gansu subtract 1 case), the existing 23589 cases suspected cases. A total of 399,487 close contacts were traced, and 187,518 close contacts were under medical observation.

This week, the market will continue to focus on the new outbreak of pneumonia, also need to focus on the U.S. consumer price index and retail sales data, and this week, the federal reserve chairman will give semi-annual monetary policy testimony in congress, the market will remain vigilant.

Euro/usd

The euro extended losses against the dollar from 1.1239 to a low of 1.0942.

As long as prices are below the downtrend line on the daily chart, the downtrend is likely to continue, with support at 1.0879 being the next target, followed by the 1.0700 area.

On the upside, a break in trendline resistance would indicate that the downtrend is complete, and then it could move back toward 1.1300.

Pounds per dollar

The pound fell below support at 1.2905 to the dollar, indicating that the upward trend since 1.1958 had ended at 1.3514.

Further declines are likely in the coming weeks, with the next target at 1.2500.

The resistance level is on the downtrend line of the daily chart. Only breaking the trendline resistance level will trigger another rally to 1.4000.

Australian dollar/us dollar

The Australian dollar extended its downward trend against the US dollar from 0.7031 to a low of 0.6661, dropping below support at 0.6670.

As long as prices are below the downtrend line on the daily chart, the downtrend is likely to continue, with the 0.6450 area being the next target.

On the upside, a break in trendline resistance would indicate that the downtrend from 0.7031 has ended, after which another move to 0.7000 is possible.

Usd/jpy

The USD-JPY is in a rising channel on the daily chart, remaining in the upward trend since 104.44.

As long as channel support is held, the uptrend is expected to continue with targets in the 110.50 area.

The key support level is at 107.65. A break below this would confirm that the uptrend has ended at 110.28 and then it could fall again towards the 105.00 level.

Usd/cad

The USD/cad broke through the downside channel on the daily chart, indicating that the downtrend from 1.3382 had ended at 1.2951.

The next target is resistance at 1.3382, then the 1.3500 area.

Recent support is at 1.3220, and if it falls below that level, it could fall again toward 1.3000.

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