by JustForex
The bearish sentiment prevails on the EUR/USD currency pair. The trading instrument has updated local lows again. The demand for greenback has been partially resumed. Investors continue to monitor the adoption of a new package of measures to support the US economy. At the moment, EUR/USD quotes are consolidating in the range of 1.1725-1.1770. The single currency has the potential for further decline. We recommend opening positions from key levels.
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 has crossed the %D line. There are no signals at the moment.
If the price fixes below 1.1725, EUR/USD quotes are expected to fall further. The movement is tending to 1.1700-1.1670.
Free Reports:
An alternative could be the growth of the EUR/USD currency pair to 1.1800-1.1830.
There is an ambiguous technical pattern on the GBP/USD currency pair. The British pound is being traded in a flat. Quotes are testing local support and resistance levels: 1.3055 and 1.3100, respectively. Financial market participants expect additional drivers. The trading instrument is tending to decline. Positions should be opened from key levels.
The UK released ambiguous labor market data.
The indicators do not give accurate signals: the price has crossed the 50 MA and 100 MA.
The MACD histogram is near the 0 mark.
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 1.3055, GBP/USD quotes are expected to correct. The movement is tending to 1.3010-1.2980.
An alternative could be the growth of the GBP/USD currency pair to 1.3140-1.3170.
USD/CAD quotes have been declining again. The trading instrument has updated local lows. At the moment, the key support and resistance levels are 1.3290 and 1.3335, respectively. USD/CAD quotes have the potential for further decline. We recommend paying attention to the dynamics of oil prices. Positions should be opened from key levels.
At 15:30 (GMT+3:00), data on building permits will be published in Canada.
Indicators do not give accurate signals: the price has crossed the 100 MA.
The MACD histogram is in the negative zone, which indicates the bearish sentiment.
Stochastic Oscillator is near the oversold zone, the %K line has crossed the %D line. There are no signals at the moment.
If the price fixes below 1.3290, a further drop in USD/CAD quotes is expected. The movement is tending to 1.3255-1.3235.
An alternative could be the growth of the USD/CAD currency pair to 1.3370-1.3400.
The technical pattern is still ambiguous on the USD/JPY currency pair. The trading instrument is in a sideways trend. Investors expect additional drivers. At the moment, the local support and resistance levels are 105.80 and 106.20, respectively. USD/JPY quotes are tending to grow. 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.
Indicators signal the power of buyers: the price has fixed above 50 MA and 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 USD/JPY.
If the price fixes above 106.20, further growth in USD/JPY quotes is expected. The movement is tending to 106.50-106.80.
An alternative could be a decline in the USD/JPY currency pair to 105.50-105.20.
by JustForex
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
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)…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.