The Analytical Overview of the Main Currency Pairs on 2019.11.13

The EUR/USD currency pair

• Prev Open: 1.10327
• Open: 1.10089
• % chg. over the last day: -0.19
• Day's range: 1.10060 - 1.10169
• 52 wk range: 1.0884 - 1.1623

Bearish sentiments prevail on the EUR/USD currency pair. The trading tool once again updated local lows. Currently, EUR/USD quotes are consolidating. The local support and resistance levels are 1.10000 and 1.10250, respectively. The spotlight remains on the trade negotiations between the US and China. Yesterday, Donald Trump said that the first stage of the trade deal can be signed in the near future, but he will accept it only if it is beneficial for the US side. Today, investors will evaluate important economic releases from the United States. We recommend opening positions from key levels.

At 15:30 (GMT+2:00), the US will publish an inflation report. We also recommend paying attention to the speeches of the head of the Fed and representatives of the FOMC.

Indicators point to the power 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.

• Support levels: 1.10000, 1.09700, 1.09500
• Resistance levels: 1.10250, 1.10400, 1.10600

If the price consolidates below the round level of 1.10000, consider selling EUR/USD. The quotes will fall toward 1.09700-1.09500.

Alternatively, the quotes could correct toward 1.10450-1.10700.

The GBP/USD currency pair

• Prev Open: 1.28516
• Open: 1.28488
• % chg. over the last day: -0.03
• Day's range: 1.28393 - 1.28612
• 52 wk range: 1.1959 - 1.3385

GBP is trading stably against the USD. GBP/USD quotes are consolidating. Participants in financial markets expect additional drivers. At the moment, the local support and resistance levels are 1.28400 and 1.28650, respectively. The trading instrument has a potential for growth. We recommend keeping track of up-to-date information regarding the Brexit process. Open positions from key levels.

At 11:30 (GMT+2:00) the UK will publish a consumer price.

Indicators do not provide accurate signals: the price is testing 50 MA.

The MACD histogram is close to the 0 mark.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.

• Support levels: 1.28400, 1.28200, 1.27900
• Resistance levels: 1.28650, 1.29000, 1.29300

If the price consolidates above 1.28650, GBP/USD is expected to rise toward 1.29000.

Alternatively, the quotes could decrease toward 1.28100-1.27900.

The USD/CAD currency pair

• Prev Open: 1.32318
• Open: 1.32319
• % chg. over the last day: +0.01
• Day's range: 1.32312 - 1.32493
• 52 wk range: 1.2727 - 1.3664

The USD/CAD quotes stabilized after a long increase since the beginning of this month. Looney is currently consolidating. The local support and resistance levels are 1.32300 and 1.32550, respectively. We do not exclude further growth of the USD/CAD currency pair. Today we recommend you to pay attention to economic releases from the US, as well as the dynamics of prices of black gold. Open positions from key levels.

The Economic News Feed for 13.11.2019 is calm.

The price fixed above 50 MA and 100 MA, which signals 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.

The Stochastic Oscillator is in the overbought zone, the %K line crossed the %D line. There are no signals at the moment.

• Support levels: 1.32300, 1.32150, 1.31900
• Resistance levels: 1.32550, 1.32800, 1.33000

If the price consolidates above 1.32550, expect further growth toward 1.32800-1.33000.

Alternatively, expect the quotes to descend toward 1.32000-1.31800.

The USD/JPY currency pair

• Prev Open: 109.052
• Open: 109.002
• % chg. over the last day: -0.05
• Day's range: 108.869 - 109.105
• 52 wk range: 104.97 - 114.56

The USD/JPY currency pair continues to trade flat. There is no defined trend. At the moment, the local support and resistance levels are 108.900 and 109.200, respectively. Financial market participants are waiting for new information regarding the settlement of the trade conflict between the United States and China. Today we recommend paying attention to the news background from the USA. Open positions from key levels.

The Economic News Feed for 13.11.2019 is calm.

The signals of the indicators are ambiguous: 50 MA crossed 100 MA.

The MACD histogram is close to the 0 mark.

The Stochastic Oscillator is in the overbought zone, the %K line crossed the %D line. There are no signals at the moment.

• Support levels: 108.900, 108.650, 108.500
• Resistance levels: 109.200, 109.500, 109.800

If the price consolidates above 109.200, expect the quotes to grow toward 109.500-109.700.

Alternatively, the quotes could descend toward 108.650-108.500.

by JustMarkets, 2019.11.13

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.