Analytics by JustForex
The technical pattern on the EUR/USD currency pair is ambiguous. Quotes are moving in a flat. Investors took a wait-and-see attitude before the ECB meeting, which will be held on October 25. At the moment, local support and resistance levels are: 1.14400 and 1.14800, respectively. We recommend opening positions from these marks.
The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.
The MACD histogram has moved to the negative zone, which indicates the bearish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also gives a signal to sell EUR/USD.
If the price fixes above the resistance level of 1.14800, the EUR/USD quotes are expected to grow. The movement is tending to 1.15100-1.15500.
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An alternative may be the decrease of the EUR/USD currency pair to the round level of 1.14000.
The GBP/USD currency pair is in a sideways trend. Investors expect additional drivers. At the moment, the local support and resistance levels are: 1.29350 and 1.29850, respectively. Positions should be opened from these marks. We recommend following current information regarding the Brexit process.
The news feed on the UK economy is calm.
Indicators point to the power of sellers: the price is being traded below 50 MA and 200 MA.
The MACD histogram has moved to the negative zone, which gives a signal to sell 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 below the support level of 1.29350, the GBP/USD quotes are expected to decline. The movement is tending to 1.29000-1.28800.
An alternative may be the GBP/USD currency pair growth to 1.30200-1.30400.
The technical pattern emerged on the USD/CAD currency pair is ambiguous. Quotes are in a sideways trend. Financial markets participants expect the Bank of Canada interest rate decision. At the moment, the local support and resistance levels are: 1.30700 and 1.31000, respectively. Positions should be opened from these marks.
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 indicates the bullish sentiment.
If the price fixes above the round level of 1.31000, the USD/CAD quotes growth is expected. The movement is tending to 1.31400-1.31600.
Alternative option. If the price fixes below the support of 1.30700, it is necessary to look for entry points to the market to open short positions. The target movement level is 1.30300-1.30000.
Yesterday, a variety of trends was observed on the USD/JPY currency pair. At the moment, local support and resistance levels are: 112.400 and 112.650, respectively. Investors expect additional drivers. Positions should be opened from the key levels. We recommend paying attention to the 10-year US government bonds yield.
The news feed on the economy of Japan is calm.
Indicators do not send accurate signals: the USD/JPY quotes have fixed between 50 MA and 200 MA.
The MACD histogram is near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a decrease in quotes.
If the price fixes above the resistance level of 112.900, the USD/JPY quotes growth is expected. The movement is tending to 113.200-113.400.
Alternative option. If the price fixes below the support of 112.400, we recommend looking for entry points to the market to open short positions. The target movement level is 112.150-112.000.
Analytics by JustForex
