Analytics by JustForex
There are aggressive sales on the EUR/USD currency pair. During yesterday’s and today’s trading sessions, quotes have decreased by more than 150 points. At the moment, the key support and resistance levels are 1.14400 and 1.15000, respectively. We recommend opening positions from these marks. In the near future, technical correction is not ruled out.
Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.
The MACD histogram is located in the negative zone and below the signal line, which gives a strong signal to sell EUR/USD.
Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no accurate signals.
If the price fixes above the round level of 1.15000, the EUR/USD quotes are expected to correct. The movement is tending to 1.15500-1.15700.
Free Reports:
Alternative option. If the price fixes below the support level of 1.14400, it is necessary to consider sales of EUR/USD. The movement is tending to 1.14000-1.13800.
The bearish sentiment prevails on the GBP/USD currency pair. During yesterday’s and today’s trading sessions, quotes have decreased by more than 100 points. Financial market participants expect statistics on the UK GDP. At the moment, the local support and resistance levels are 1.27400 and 1.28000, respectively. In the near future, technical correction is not ruled out.
Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.
The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell GBP/USD.
Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which also indicates the bearish sentiment.
If the price fixes below the level of 1.27400, the GBP/USD quotes are expected to fall. The movement is tending to 1.27000-1.26800.
Alternative option. If the price fixes above the round level of 1.28000, correction movement is expected. The movement is tending to 1.28500-1.28700.
There is the bullish sentiment on the USD/CAD currency pair. During yesterday’s and today’s trading sessions, quotes have risen by more than 80 points. At the moment, the key support and resistance levels are 1.30700 and 1.31000, respectively. The trading instrument has the potential for further growth.
At 15:30 (GMT+3:00) a report on the labor market will be published in Canada.
Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.
The MACD histogram is in the positive zone and above the signal line, which signals to buy USD/CAD.
Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.
If the price fixes above the key resistance of 1.31000, the USD/CAD quotes are expected to grow. The target movement level is 1.31500-1.31700.
Alternative option. If the price fixes below 1.30700, it is necessary to consider sales of USD/CAD. The movement is tending to 1.30400-1.30200.
There is a variety of trends on the USD/JPY currency pair. At the moment, the trading instrument has started declining. The key support and resistance levels are 110.600 and 111.000, respectively. The positions should be opened from these marks. We recommend paying attention to the dynamics of the US government bonds yield.
Today, positive data on Japan GDP have been published.
The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.
The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell USD/JPY.
Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no accurate signals.
If the price fixes below the level of 110.600, it is necessary to look for entry points to the market to open short positions. The movement is tending to 110.200-110.000.
An alternative is the USD/JPY quotes growth to 111.400-111.600.
Analytics by JustForex
