by JustForex
EUR/USD quotes have been growing again. The trading instrument has updated local lows. The greenback is under pressure due to the fact that US lawmakers couldn’t agree on a new stimulus package, as well as a sharp drop in US government bond yields. At the moment, the EUR/USD currency pair is consolidating in the range of 1.1800-1.1845. Today, investors will assess important economic releases from the Eurozone and the US. Positions should be opened from key levels.
Indicators do not give accurate signals: 50 MA has crossed 100 MA.
The MACD histogram is in the positive zone, which indicates the bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
If the price fixes below 1.1800, EUR/USD quotes are expected to correct. The movement is tending to 1.1750-1.1700.
Free Reports:
An alternative could be the growth of the EUR/USD currency pair to the round level of 1.1900.
The GBP/USD currency pair is in a sideways trend. There is no defined trend. Financial market participants expect additional drivers. At the moment, the local support and resistance levels are 1.3040 and 1.3115, respectively. A technical correction of the trading instrument is possible in the near future. Investors will assess important economic reports today. Positions should be opened from key levels.
At 11:30 (GMT+3:00), data on economic activity will be published in the UK.
Indicators do not give accurate signals: 50 MA has crossed 100 MA.
The MACD histogram is in the positive zone, which indicates the bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a signal to sell GBP/USD.
If the price fixes below 1.3040, GBP/USD quotes are expected to correct. The movement is tending to 1.2980-1.2950.
An alternative could be the growth of the GBP/USD currency pair to 1.3170-1.3200.
There are aggressive sales on the USD/CAD currency pair. During yesterday’s and today’s trading sessions, the drop in quotes exceeded 100 points. The trading instrument has set new local lows. At the moment, the loonie is consolidating in the range of 1.3265-1.3300. The Canadian dollar has the potential for further growth. We recommend paying attention to the dynamics of oil prices. Positions should be opened from key levels.
The news feed on Canada’s economy is calm enough.
Indicators signal the power of sellers: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, which indicates the bearish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy USD/CAD.
If the price fixes below 1.3265, a further fall in USD/CAD quotes is expected. The movement is tending to the round level of 1.3200.
An alternative could be the growth of the USD/CAD currency pair to 1.3330-1.3350.
There is an ambiguous technical pattern on the USD/JPY currency pair. The trading instrument is consolidating. At the moment, the local support and resistance levels are 105.50 and 105.85, respectively. USD/JPY quotes are tending to recover. We recommend paying attention to the dynamics of US government bonds yield. Positions should be opened from key levels.
The news feed on Japan’s economy is calm enough.
Indicators do not give accurate signals: the price has fixed between 50 MA and 100 MA.
The MACD histogram is in the negative zone, indicating the bearish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
If the price fixes above 105.85, further growth in USD/JPY quotes is expected. The movement is tending to 106.20-106.50.
An alternative could be a decline in the USD/JPY currency pair to 105.20-104.80.
by JustForex
By JustMarkets On Friday, the Dow Jones (US30) Index gained 0.40% (for the week +0.32%), while the…
By RoboForex Analytical Department The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched…
By ForexTime USDJPY tumbles 500 pips! Yen rebound sparks intervention talk Watch out for Japan…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.