The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10063
Open: 1.10209
% chg. over the last day: +0.12
Day’s range: 1.10192 – 1.10298
52 wk range: 1.0884 – 1.1623
The EUR/USD currency pair went up after a long fall. EUR/USD quotes updated local highs. Investors began to partially fix positions on the greenback. Trade negotiations between Washington and Beijing remain the focus of attention. White House representatives Larry Kudlow said yesterday that the parties are approaching a deal. We recommend that you keep track of current information on this issue. We expect the release of important statistics. We recommend opening positions from key levels.
The Economic News Feed for 15.11.2019:
The Consumer Price Index (EU) – 12:00 (GMT+3:00);
Retail Sales Report (US) – 15:30 (GMT+3:00);
Industrial Production Volume (US) – 16:15 (GMT+3:00);
Indicators do not provide accurate signals, 50 MA started to cross 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy EUR/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.
Trading recommendations
Support levels: 1.10150, 1.09900, 1.09500
Resistance levels: 1.10400, 1.10600, 1.10900
If the price consolidates above 1.10400, expect further correction to 1.10600-1.10900.
Alternatively, the quotes could drop toward 1.09900-1.09700.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.28526
Open: 1.28809
% chg. over the last day: +0.24
Day’s range: 1.28717 – 1.28861
52 wk range: 1.1959 – 1.3385
GBP/USD quotes began to recover after a long consolidation. GBP updated local highs. At the moment, the trading instrument is consolidating near the key supply zone of 1.28850-1.29000. 1.28600 is already a mirror support. We do not exclude further growth of the GBP/USD currency pair. We recommend keeping track of up-to-date information regarding the Brexit process. Today, investors will evaluate important economic releases from the United States. Open positions from key levels.
The Economic News Feed for 15.11.2019 is calm.
The price fixed above 50 MA and 100 MA, which signals the strength of buyers.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy GBP/USD.
The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.28600, 1.28200, 1.27900
Resistance levels: 1.28850, 1.29000, 1.29250
If the price consolidates above 1.28850, expect further growth toward 1.29100-1.29300.
Alternatively, the quotes can descend toward 1.28300-1.28100.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32518
Open: 1.32478
% chg. over the last day: -0.02
Day’s range: 1.32194 – 1.32518
52 wk range: 1.2727 – 1.3664
The USD/CAD currency pair went down. The trading tool has updated local lows. CAD is currently consolidating in the range of 1.32150-1.32400. USD/CAD quotes can decline further. Today we recommend that you pay attention to economic reports from the US, as well as the dynamics of prices of black gold. Open positions from key levels.
The Economic News Feed for 15.11.2019 is calm.
Indicators do not provide accurate signals: the price crossed 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 USD/CAD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates bullish sentiment.
Trading recommendations
Support levels: 1.32150, 1.31900, 1.31600
Resistance levels: 1.32400, 1.32700
If the price consolidates below 1.32150, expect further correction of the USD/CAD to 1.31900-1.31700.
Alternatively, the quotes could grow toward 1.32600-1.32800.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 108.883
Open: 108.384
% chg. over the last day: -0.30
Day’s range: 108.378 – 108.628
52 wk range: 104.97 – 114.56
An ambiguous technical pattern has developed on the USD/JPY currency pair. The trading instrument is in a lateral movement. At the moment, the following local support and resistance levels can be distinguished: 108.400 and 108.650, respectively. Financial market participants are waiting for new information regarding the settlement of the trade conflict between Washington and Beijing. Today we recommend paying attention to economic releases from the USA. Open positions from key levels.
During the Asian trading session, Japan published a positive data on the volume of industrial production.
The price fixed below 50 MA and 100 MA, which signals the strength of sellers.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/JPY.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.
Trading recommendations
Support levels: 108.400, 108.250, 108.000
Resistance levels: 108.650, 108.850, 109.150
If the price consolidates below 108.400, expect a further drop toward 108.000.
Alternatively, the quotes could grow toward 108.850-109.100.
