Analytics by JustForex
Yesterday, there was a variety of trends on the EUR/USD currency pair. Quotes have reached monthly lows, and then have started recovering. At the moment, the key support and resistance levels are 1.14800 and 1.15200, respectively. Trading instrument has the potential for further growth. Positions should be opened from the key levels.
Indicators do not send accurate signals: the price is being traded between 50 MA and 200 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy EUR/USD.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the bearish sentiment.
If the price fixes below the support level of 1.14800, a further decline in the EUR/USD currency pair is expected. The movement is tending to 1.14400-1.14200.
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An alternative may be the EUR/USD quotes growth to the level of 1.15500-1.15800.
The GBP/USD currency pair has begun to recover. The British pound strengthened against the US dollar after Dow Jones Newswires reported that an agreement on the Brexit terms could be reached by Monday. At the moment, the key support and resistance levels are: 1.31400 and 1.31800, respectively. We recommend opening positions from the key levels.
Indicators point to the bullish sentiment: price is being traded above 50 MA and 200 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy GBP/USD.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the bearish sentiment.
If the price fixes above the level of 1.31800, the GBP/USD quotes are expected to grow. The movement is tending to 1.32300-1.32500.
Alternative option. If the price fixes below the 1.31400 mark, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.31000-1.30600.
The technical pattern on the USD/CAD currency pair is ambiguous. The trading instrument is in a sideways trend. Financial market participants expect additional drivers. The USD/CAD quotes are consolidating in the range of 1.29300-1.29650. We recommend opening positions from these marks.
The news feed on the economy of Canada is calm.
Indicators do not send accurate signals: the price is being traded between 50 MA and 200 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/CAD.
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 the support level of 1.29300, the USD/CAD currency pair is expected to decline. The movement is tending to 1.29000-1.28800.
Alternative option. If the price fixes above 1.29650, it is necessary to consider purchases of USD/CAD. The target level for profit taking is 1.30000-1.30200.
The technical pattern on the USD/JPY currency pair is ambiguous. The trading instrument is in a sideways movement. The local support and resistance levels are 112.900 and 113.250, respectively. We recommend paying attention to the US government bonds yield. Positions should be opened from the key levels.
Today, the news feed on the economy of Japan is calm.
Indicators do not send accurate signals: the price is testing 50 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/JPY.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.
If the price fixes below the support of 112.900, it is necessary to consider sales of USD/JPY. The movement is tending to 112.600-112.400.
An alternative may be the USD/JPY currency pair growth to the level of 113.600-114.000.
Analytics by JustForex
