The EUR/USD currency pair
- Prev Open: 1.17003
- Open: 1.16457
- % chg. over the last day: -0.46
- Day's range: 1.16882 – 1.16951
- 52 wk range: 1.0571 – 1.2557
During yesterday's trading session, the bearish sentiment was observed on the EUR/USD currency pair. The decrease in quotes exceeded 70 points. Demand for the US dollar has resumed. At the moment, the key support and resistance levels are 1.16400 and 1.16800, respectively. We recommend opening positions from these marks. The trading instrument has the potential for further reduce.
- - Core durable goods orders in the US at 15:30 (GMT+3:00);
- - Pending home sales index in the US at 17:00 (GMT+3:00).
The price has fixed between 50 MA and 200 MA, which are dynamic support and resistance levels.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which signals to buy EUR/USD.
- Support levels: 1.16400, 1.16000, 1.15600
- Resistance levels: 1.16800, 1.17200
If the price fixes below 1.16400, a further decline in the EUR/USD currency pair is expected. The movement is tending to 1.16000-1.15800.
Alternative option. If the price fixes above the 1.16800 mark, we recommend looking for entry points to the market to open long positions. The target movement level is 1.17200-1.17500.
The GBP/USD currency pair
- Prev Open: 1.32759
- Open: 1.32200
- % chg. over the last day: -0.43
- Day's range: 1.32114 – 1.32339
- 52 wk range: 1.2361 – 1.4345
Yesterday, a downward trend was observed on the GBP/USD currency pair. Quotes fell by more than 70 points. At the moment, the trading instrument is in a sideways trend. Investors expect additional drivers. The key support and resistance levels are 1.32000 and 1.32400, respectively. The positions should be opened from these marks.
Today, the news feed on the UK economy is calm. We recommend paying attention to the speech by the Bank of England governor Carney.
Indicators point to the power of sellers: the price has fixed below 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 GBP/USD.
Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no accurate signals.
- Support levels: 1.32000, 1.31600, 1.31100
- Resistance levels: 1.32400, 1.32800, 1.33300
If the price fixes below the round level of 1.32000, the GBP/USD quotes are expected to decline. The movement is tending to 1.31600-1.31400.
Alternative option. If the price fixes above the resistance of 1.32400, it is necessary to consider purchases of GBP/USD. The movement is tending to 1.32800-1.33000.
The USD/CAD currency pair
- Prev Open: 1.32927
- Open: 1.33002
- % chg. over the last day: +0.05
- Day's range: 1.32955 – 1.33193
- 52 wk range: 1.2059 – 1.3795
The USD/CAD currency pair is still moving in a flat. Investors expect additional drivers. At the moment, the key support and resistance levels are 1.32900 and 1.33400, respectively. The positions should be opened from these marks. We recommend paying attention to the speech by the Bank of Canada governor Poloz, as well as to the dynamics of oil quotes.
The news feed on the economy of Canada is calm.
Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.
The MACD histogram is in the positive zone and continues to rise, which signals to buy USD/CAD.
Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which signals the bearish sentiment.
- Support levels: 1.32900, 1.32400, 1.32000
- Resistance levels: 1.33400, 1.33800
If the price fixes below the support of 1.32900, we recommend considering sales of USD/CAD. The movement is tending to 1.32400-1.32200.
Alternative option. If the price fixes above the 1.33400 mark, it is necessary to look for entry points to the market to open long positions. The target movement level is 1.33800-1.34000.
The USD/JPY currency pair
- Prev Open: 109.747
- Open: 110.014
- % chg. over the last day: +0.31
- Day's range: 109.715 – 109.758
- 52 wk range: 104.56 – 114.74
Yesterday, there was the bullish sentiment on the USD/JPY currency pair, as the demand for the US dollar resumed. The growth of quotes exceeded 70 points. At the moment, the trading instrument is declining. The key support and resistance levels are 109.600 and 109.900, respectively. The positions should be opened from these marks.
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 near the 0 mark.
Stochastic Oscillator is near the oversold zone, the %K line is below the %D line, which gives a weak signal to sell USD/JPY.
- Support levels: 109.600, 109.350
- Resistance levels: 109.900, 110.200, 110.500
If the price fixes below the support of 109.600, we recommend considering sales of USD/JPY. The movement is tending to the round level of 109.000.
Alternative option. If the price fixes above the 109.900 mark, the USD/JPY currency pair is expected to rise. The target movement level is 110.200-110.500.
by , 2018.06.27
We recommend you to get acquainted with the daily overview of the news feed.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
Open Account