Article By RoboForex.com
The EUR/USD currency pair is still consolidating. There is no defined trend. The local support and resistance levels are 1.10000 and 1.10250, respectively. Investors continue to monitor the settlement of the trade conflict between Washington and Beijing. Donald Trump said yesterday that the parties are in the final stage of concluding the first stage of a trade agreement. Today, the US will release important economic statistics. We recommend opening positions from key levels.
The Economic News Feed for 27.11.2019:
The price fixed below 50 MA and 100 MA, which signals the power of the sellers.
The MACD histogram has gone down, which gives a signal to sell EUR/USD.
The Stochastic Oscillator is near the oversold zone, the %K line crossed the %D line. There are no signals at the moment.
If the price consolidates below the round level of 1.10000, expect the quotes to fall toward 1.09700-1.09600.
Alternatively, the quotes can grow toward 1.10400-1.10600.
The GBP / USD currency pair again went down. Sterling reached key extremes. Currently, local support levels are: 1.28300 and 1.28600, respectively. Demand for the US dollar is recovering amid news of a possible trade deal between the US and China. Investors are awaiting new information regarding the Brexit process. Today we recommend paying attention to economic data from the USA. Open positions from key levels.
The Economic News Feed for 27.11.2019 is calm.
Indicators point to the power of sellers: the price is trading below 50 MA and 100 MA.
The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell GBP/USD.
The Stochastic Oscillator is in the neutral zone, the %K line crosses the %D line. There are no signals at the moment.
If the price consolidates below 1.28300, expect further drop toward 1.28000-1.27700.
Alternatively, the quotes can grow toward 1.28850-1.29000.
During yesterday’s trades, the USD/CAD currency pair kept key extremes and started to decline. At the moment, the quotes are testing the support level of 1.32600. 1.32850 is the nearest resistance. We do not exclude a further decline in the trading instrument. We expect the release of important statistics. Open positions from key levels.
The Economic News Feed for 27.11.2019 is calm.
The price fixed below 100 MA, which signals the strength of sellers.
The MACD histogram is in the negative zone and continues to decline, which gives a strong signal to sell USD/CAD.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also indicates a bearish sentiment.
If the price consolidates below 1.32600, expect the quotes to drop toward 1.32400-1.32200.
Alternatively, the quotes could grow toward 1.33000-1.33200.
The USD/JPY currency pair remains bullish. The trading tool has updated local highs once more. At the moment, the quotes are testing resistance at 109.200. Round level 109.00 is the immediate support. Demand for safe haven currencies remains at a rather low level against the backdrop of the prospects for resolving the trade conflict between the US and China. We recommend that you pay attention to the dynamics of yield on US government bonds. Open positions from key levels.
The Economic News Feed for 27.11.2019 is calm.
Indicators point to the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, above the signal line, which gives a strong signal to buy USD / JPY.
The Stochastic Oscillator is near the overbought zone, the %K line crosses the %D line. There are no signals.
If the price consolidates above 109.200, expect the quotes to rise toward 109.400-109.600.
Alternatively, the quotes could fall below 109.000 and eventually reach 108.850-108.700.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
