The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.12094
Open: 1.12179
% chg. over the last day: +0.08
Day’s range: 1.12178 – 1.12394
52 wk range: 1.1111 – 1.2009
EUR/USD stabilized after a sharp descend at the end of last week. Right now the quotes are consolidating in the 1.12150-1.12400 range. The market participants are waiting for the Federal Reserve meeting. Some experts expect Jerome Powell to use this meeting as a signal for lowering the interest rate next year. Consider today`s economic releases and open positions from the key levels.
The Economic News Feed for 18.06.2019:
Economic Mood Index by ZEW (GER) – 12:00 (GMT+3:00);
Inflation Report (EU) – 12:00 (GMT+3:00);
Real Estate Market Report (US) – 15:30 (GMT+3:00);
The indicators do not provide precise signals, the price has crossed 50 MA.
The MACD histogram is close to 0.
The Stochastic Oscillator is in the overbought zone, the %K line is crossing the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.12150, 1.12000
Resistance levels: 1.12400, 1.12700, 1.12850
If the price fixes below 1.12150, expect the quotes to descend towards 1.11800-1.11600.
Alternatively, the quotes can recover towards 1.12600-1.12800.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.25798
Open: 1.25318
% chg. over the last day: -0.42
Day’s range: 1.25116 – 1.25441
52 wk range: 1.2438 – 1.3631
GBP/USD shows a clear descending trend. The GBP is consolidating near the annual minimums. The local support and resistance levels are 1.25150 and 1.25500. GBP can descend further. Boris Johnson can replace Theresa May as an acting Prime Minister due to having the most support by far as a potential leader of the Conservative party. Earlier the official promised to remove the UK from the EU with agreement or without it by October 31. You should open positions from the key levels.
The Economic News Feed for 18.06.2019 is calm.
The indicators point to the power of the buyers, the price fixed below 50 MA and 100 MA.
The MACD is in the negative zone but above the signal line which points a weak signal to sell GBP/USD.
The Stochastic Oscillator is in the neutral zone.
Trading recommendations
Support levels: 1.25150, 1.25000, 1.24600
Resistance levels: 1.25500, 1.25800, 1.26100
If the price fixes below 1.25150 expect further descend towards 1.24700-1.24500.
Alternatively, the quotes can correct towards 1.25800-1.26000.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.34068
Open: 1.34121
% chg. over the last day: +0.03
Day’s range: 1.34005 – 1.34127
52 wk range: 1.2727 – 1.3664
USD/CAD stabilized after sharp growth last week. There is no defined trend, the quotes are consolidating around 1.34000. The pressure on the CAD is calused by the negative oil quotes. The trading instrument can grow further, you should open positions from the key levels.
The Economic News Feed for 18.06.2019 is calm.
The price fixed above 50 MA and 100 MA which points to the power of the buyers.
The MACD histogram is close to 0. There are no signals at the moment.
The Stochastic Oscillator is in the oversold zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.33900, 1.33650, 1.33450
Resistance levels: 1.34200, 1.34500
If the price fixes above 1.34200, expect further growth around 1.34500-1.34700.
Alternatively, the quotes can descend towards 1.33600-1.33400.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 108.497
Open: 108.523
% chg. over the last day: +0.03
Day’s range: 108.252 – 108.583
52 wk range: 104.97 – 114.56
USD/JPY keeps trading in a long flat. There is no defined trend. The local support and resistance are 108.200 and 108.450. The investors are waiting for additional drivers. Keep an eye on the US Treasury bonds’ yield and open positions from the key levels.
The Economic News Feed for 18.06.2019:
The indicators do not provide precise signals, 50 MA is crossing 100 MA.
The MACD histogram is in the negative zone and keeps descending 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: 108.200, 108.000, 107.850
Resistance levels: 108.450, 108.700, 108.800
If the price fixes below 108.200, expect further descend towards 108.000-107.850.
Alternatively, the quotes can grow towards 108.600-108.800.
