Analytics by JustForex
Yesterday, the bullish sentiment was observed on the EUR/USD currency pair. The US dollar was under pressure due to weak retail sales data. At the moment, the EUR/USD quotes are consolidating. The key support and resistance levels are: 1.15700 and 1.16000, respectively. Trading instrument has the potential for further growth. We recommend opening positions from the key levels.
The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.
The MACD histogram is near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.
If the price fixes above the round level of 1.16000, a further increase of the EUR/USD quotes is expected. The movement is tending to 1.16400-1.16600.
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An alternative may be a decrease in the EUR/USD currency pair to the level of 1.15400-1.15000.
The British pound is still under pressure after it became known that the UK and the EU could not reach an agreement on Brexit. At the moment, the GBP/USD currency pair has recovered most of the losses. Key support and resistance levels are: 1.31500 and 1.32000, respectively. Investors expect new information regarding the Brexit process. Positions should be opened from the key levels.
The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.
The MACD histogram is near the 0 mark. There are no signals at the moment.
Stochastic oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.
If the price fixed above the resistance level of 1.32000, the further growth of the GBP/USD quotes is expected. The movement is tending to 1.32400-1.32600.
An alternative may be the decrease of the GBP/USD currency pair to the level of 1.31100-1.30700.
Yesterday, aggressive sales were observed on the USD/CAD currency pair. Trading instrument has updated local lows. At the moment, quotes are consolidating. The technical pattern is ambiguous. Local support and resistance levels are: 1.29700 and 1.30000, respectively. Positions should be opened from these marks. The USD/CAD currency pair has the potential for further correction.
The news feed on the economy of Canada is calm.
Indicators do not send accurate signals: the price is located 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 below the %D line, which indicates the bearish sentiment.
If the price fixes below the support of 1.29700, it is necessary to look for entry points to the market to open short positions. The target movement level is 1.29400-1.29200.
Alternative option. If the price fixes above the round level of 1.30000, the growth of the USD/CAD quotes is expected. The movement is tending to 1.30400-1.30600.
Since the beginning of this week, trades on the USD/JPY currency pair have been rather active. At the same time, a unidirectional trend is not observed. At the moment, the local support and resistance levels are: 111.900 and 112.250, respectively. Positions should be opened from these marks. Trading instrument is tending to recover.
Publication of important economic reports from Japan is not planned.
Indicators do not send accurate signals: the USD/JPY quotes have fixed between 50 MA and 200 MA.
The MACD histogram has moved into the positive zone, which indicates the bullish sentiment.
The Stochastic Oscillator is near the overbought zone, the %K line is crossing the %D line. There are no accurate signals.
If the price fixes above the resistance level of 112.250, the USD/JPY quotes growth is expected. The movement is tending to 112.600-112.800.
Alternative option. If the price fixes below 111.900, we recommend looking for entry points to the market to open short positions. The target movement level is 111.600-111.400.
Analytics by JustForex
