The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.12942
Open: 1.13704
% chg. over the last day: +0.67
Day’s range: 1.13657 – 1.13863
52 wk range: 1.1111 – 1.2009
EUR\USD remains in a bullish mood. Last week, the euro updated key extremes and reached three-month highs. The demand for Greenback has weakened significantly since the Fed meeting. The regulator is ready to consider the question of lowering interest rates at upcoming meetings. Additional support for the single currency provide positive data on business activity in the euro area, which were published on Friday. At the moment, EUR/USD quotes are consolidating. Local levels of support and resistance are 1.13550 and 1.13850, respectively. Trading instrument has the potential for further growth. Positions must be opened from key levels.
The Economic News Feed for 24.06.2019:
IFO Business climate index (EU) – 00:00 (GMT+3:00);
The price fixed above 50 MA and 100 MA which points to the power of the buyers.
The MACD histogram is in the positive zone but below the key line which gives a weak signal t buy EUR\USD
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points to a correction of EUR\USD.
Trading recommendations
Support levels: 1.13550, 1.13400, 1.13100
Resistance levels: 1.13850, 1.14000, 1.14400
If the price fixes above 1.13850, expect a growth towards 1.14200-1.14400.
Alternatively, the quotes can correct towards 1.13200-1.14400.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.27033
Open: 1.27328
% chg. over the last day: +0.32
Day’s range: 1.27297 – 1.27595
52 wk range: 1.2438 – 1.3631
GBP/USD shows a steady uptrend. Currently, sterling is consolidating near monthly highs. GBP/USD quotes are testing local resistance at 1.27600. 1.27250 is already a “mirror” support. Demand for the USD remains at a fairly low level. Trading instrument has the potential for further growth. We recommend to keep track of current information on the issue of Brexit. Positions must be opened from key levels.
The Economic News Feed for 24.06.2019 is calm.
The price fixed above 50 MA and 100 MA which points to the power of the buyers.
The MACD histogram is in the positive zone and keeps rising which gives a strong signal to buy GBP\USD.
The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.27250, 1.26750, 1.26450
Resistance levels: 1.27600, 1.28000
If the price fixes above 1.27600, expect further growth towards 1.28000.
Alternatively, the quotes can descend towards 1.26900-1.26600.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.31897
Open: 1.32137
% chg. over the last day: +0.24
Day’s range: 1.31817 – 1.32164
52 wk range: 1.2727 – 1.3664
USD/CAD continues to consolidate. There is no unidirectional trend. CAD is testing local supply and demand zones: 1.31500-1.31750 and 1.32250-1.32500, respectively. USD/CAD quotes can decline further. Additional support for the CAD is provided by the positive dynamics of oil prices. Positions must be opened from key levels.
The Economic News Feed for 24.06.2019 is calm.
The indicators do not provide precise signals, the price has crossed 50 MA.
The MACD histogram started to descend which points to the bearish mood.
The Stochastic Oscillator is in the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.31750, 1.31500, 1.31200
Resistance levels: 1.32250, 1.32500, 1.33000
If the price fixes below 1.31750, expect further descend towards 1.31400-1.31200.
Alternatively, the quotes can grow towards 1.32600-1.32800.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 107.288
Open: 107.304
% chg. over the last day: +0.02
Day’s range: 107.266 – 107.481
52 wk range: 104.97 – 114.56
The USD / JPY currency pair stabilized after a sharp decline last week. The technical picture is ambiguous. At the moment, the USD / JPY quotes are consolidating. Local levels of support and resistance are: 107.250 and 107.500, respectively. The yen has the potential for further growth against the US dollar. We recommend to pay attention to the dynamics of the yield of US government securities. Positions must be opened from key levels.
The Economic News Feed for 24.06.2019 is calm.
The indicators do not provide precise signals, the price has crossed 50 MA.
The MACD histogram is close to 0. There are no signals.
The Stochastic Oscillator is in the overbought zone, the %K line is crossing the %D line. There are no signals.
Trading recommendations
Support levels: 107.250, 107.000
Resistance levels: 107.500, 107.700, 107.850
If the price fixes below 107.250, expect further descend towards 107.000-106.800.
Alternatively, the quotes can grow towards 107.800-108.000.
