The EUR/USD currency pair
- Prev Open: 1.16951
- Open: 1.17198
- % chg. over the last day: +0.12
- Day’s range: 1.17188 – 1.17233
- 52 wk range: 1.0571 – 1.2557
The technical pattern on the EUR/USD currency pair is ambiguous. Euro is under pressure due to political tension in Italy. Investors expect additional drivers. At the moment, the key trading range is 1.16800-1.17200. We recommend opening positions from the key support and resistance levels.
- – IFO business climate index in Germany at 11:00 (GMT+3:00);
- – Core durable goods orders in the US at 15:30 (GMT+3:00).
We also recommend paying attention to the speech of the Fed Chairman Powell.
The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.
The MACD histogram is in the negative zone, below the signal line, which gives a strong signal to sell EUR/USD.
Stochastic Oscillator is located in the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.
- Support levels: 1.16800, 1.16400
- Resistance levels: 1.17200, 1.17700, 1.18200
If the price fixes below the support level of 1.16800, further decrease of the EUR/USD currency pair is expected. The target movement level is 1.16400-1.16200.
An alternative may be the EUR/USD quotes growth to the level of 1.17400-1.17700.
The GBP/USD currency pair
- Prev Open: 1.33349
- Open: 1.33775
- % chg. over the last day: +0.10
- Day’s range: 1.33338 – 1.33591
- 52 wk range: 1.2361 – 1.4345
Yesterday, the GBP/USD slightly strengthened against the strong report on the volume of retail sales in the UK. In April, the indicator increased by 1.6% instead of the forecasted value of 0.8%. At the moment, the GBP/USD quotes are declining. The key support and resistance levels are 1.33300 and 1.33800, respectively. We recommend opening positions from these marks. In the near future, a technical correction is not ruled out.
- – The GDP data in the UK at 11:30 (GMT+3:00).
The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.
The MACD histogram is in the negative zone and continues to decline, which signals 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: 1.33300, 1.33000
- Resistance levels: 1.33800, 1.34300, 1.34800
If the price fixes below the support level of 1.33300, further decline in the GBP/USD quotes is expected. The movement is tending potentially to 1.33000-1.32700.
Alternative option. If the price fixes above the resistance level of 1.33800, it is necessary to consider purchases of GBP/USD. The target movement level is 1.34300-1.34500.
The USD/CAD currency pair
- Prev Open: 1.28277
- Open: 1.28766
- % chg. over the last day: +0.38
- Day’s range: 1.28759 – 1.28809
- 52 wk range: 1.2059 – 1.3795
There is the bullish sentiment on the USD/CAD currency pair. During yesterday's and today's trading sessions, quotes rose by almost 100 points. In the near future, technical correction is not ruled out. At the moment, the key support and resistance levels are 1.28900 and 1.29200, respectively. The positions should be opened from these marks.
The news feed on the economy of Canada is calm.
The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.
The MACD histogram is in the positive zone and above the signal line, which gives a strong signal to buy USD/CAD.
Stochastic Oscillator is located in the overbought zone, the %K line is crossing the %D line. There are no accurate signals.
- Support levels: 1.28900, 1.28500, 1.28100
- Resistance levels: 1.29200, 1.29500
If the price fixes above the resistance level of 1.29200, further growth of the USD/CAD quotes is expected. The movement is tending potentially to 1.29500-1.29700.
Alternative option. If the price fixes below the support level of 1.28900, the USD/CAD quotes correction is expected. The target movement level is 1.28500-1.28300.
The USD/JPY currency pair
- Prev Open: 110.059
- Open: 109.057
- % chg. over the last day: -0.52
- Day’s range: 109.055 – 109.285
- 52 wk range: 104.56 – 114.74
During yesterday's trading session, the USD/JPY quotes continued to decline. The trading instrument fell by almost 100 points. At the moment, the technical pattern is ambiguous. The USD/JPY currency pair is in a sideways trend. The key support and resistance levels are 109.350 and 109.650, respectively. The positions should be opened from these marks.
The news feed on the economy of Japan is calm.
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 USD/JPY.
Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which also gives a signal to sell USD/JPY.
- Support levels: 109.350, 109.000
- Resistance levels: 109.650, 110.000, 110.500
If the price fixes below the support level of 109.350, we recommend looking for entry points to the market to open short positions. The movement is tending potentially to 109.000-108.750.
Alternative option. If the price fixes above the level of 109.650, it is necessary to consider purchases of USD/JPY. The movement is tending potentially to 110.000-110.200.
by , 2018.05.25
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