by JustForex
The EUR/USD currency pair continues to show a negative trend. The trading instrument reached annual lows. Yesterday, the USD was supported by positive economic releases. Deputy Chairman of the Fed Richard Clarida said that the current economic situation in the United States is close to the goal of the Central Bank. At the moment, the EUR/USD quotes are testing local support and resistance levels of 1.09100 and 1.09400, respectively. We recommend that you keep track of up-to-date information regarding trade negotiations between Washington and Beijing. Positions must be opened from key levels.
The Economic News Feed for 27.09.2019:
Indicators signal the strength of sellers: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.
The Stochastic Oscillator is near the overbought zone, the %K line crossed the %D line. There are no signals at the moment.
If the price consolidates below 1.09100, expect a further drop toward 1.08800-1.08600.
Alternatively, the quotes could recover toward 1.09600-1.09800.
The GBP/USD currency pair has stabilized after a significant drop since the beginning of this week. Quotes are currently being consolidated. There is no defined trend. The key support and resistance levels are 1.23100 and 1.23650, respectively. The trading instrument has the potential to further decline. Today, investors will evaluate important economic reports from the United States. We also recommend keeping track of up-to-date information regarding the Brexit process. Positions must be opened from key levels.
The Economic News Feed for 27.09.2019 is calm.
Indicators signal the strength of sellers: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell GBP/USD.
The Stochastic Oscillator is near the overbought zone, the %K line crossed the %D line. There are no signals at the moment.
If the price consolidates below 1.23100, expect further drop toward 1.22700-1.22600.
Alternatively, the quotes could grow toward 1.24000.
The technical picture on the USD/CAD currency pair is still ambiguous. Looney is trading in a long flat. At the moment, the local support and resistance levels are 1.32550 and 1.32800, respectively. USD/CAD quotes have the potential to decline. Today, financial market participants will evaluate important economic releases from the United States. We also recommend that you pay attention to the dynamics of prices of “black gold”. Positions must be opened from key levels.
The Economic News Feed for 27.09.2019 is calm.
Indicators do not give accurate signals: 50 MA crossed 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/CAD.
Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.
If the price consolidates below 1.32550, expect the quotes to fall toward 1.32350-1.32100.
Alternatively, the quotes can grow toward 1.33000-1.33100.
An ambiguous technical picture has developed on the USD/JPY currency pair. The trading instrument is in lateral movement. There is no defined trend. At the moment, the local support and resistance levels are 107.600 and 107.900, respectively. We are expecting important statistics from the USA. We also recommend monitoring the progress of trade negotiations between Washington and Beijing. Positions must be opened from key levels.
The Economic News Feed for 27.09.2019 is calm.
Indicators do not give accurate signals: the price is consolidating near 50 MA and 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/JPY.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.
If the price consolidates above 107.900, look for the entry points on the market since the price will rise toward 108.200-108.400.
Alternatively, the quotes could drop toward 107.350-107.100.
by JustForex
