The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10527
Open: 1.10713
% chg. over the last day: +0.17
Day’s range: 1.10627 – 1.10815
52 wk range: 1.0884 – 1.1623
EUR/USD keeps showing a positive trend. The trading instrument updated the local maximum. USD remains under pressure to regulate the US/China trading conflict. Investors are waiting for the relevant data on the issue. Right now the currency has stabilized. The key range is 1.10650-1.10900. The quotes can grow further. Today investors will evaluate the real estate market reports. Open positions from key levels.
At 15:30 (GMT+2:00) the US will publish an array of indicators on the real estate market.
The price fixed above 50 MA and 100 MA which points to the power fo the buyers.
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 overbought zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.10650, 1.10400, 1.10150
Resistance levels: 1.10900, 1.11000, 1.11250
If the price fixed above 1.10900, expect the quotes to grow toward 1.11200-1.11400.
Alternatively, the quotes could descend toward 1.10450-1.10300.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.29214
Open: 1.29517
% chg. over the last day: +0.21
Day’s range: 1.29422 – 1.29698
52 wk range: 1.1959 – 1.3385
The GBP/USD currency pair is showing a steady uptrend. Sterling renewed local highs again. Demand for the pound is supported by polls that indicate the victory of the ruling conservatives in the upcoming elections. Currently, GBP/USD quotes are consolidating. The local support and resistance levels are 1.29450 and 1.29800, respectively. A trading instrument has the potential for further growth. Open positions from key levels.
The Economic News Feed for 19.11.2019 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 continues to rise, which gives a strong signal to buy GBP/USD.
The Stochastic Oscillator has reached overbought zone, the %K line is above the %D line, which also indicates bullish sentiment.
Trading recommendations
Support levels: 1.29450, 1.29150, 1.28850
Resistance levels: 1.29800, 1.30000
If the price consolidates above 1.29800, expect the quotes to grow toward 1.30000-1.30300.
Alternatively, the quotes could descend toward 1.29200-1.28900.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32230
Open: 1.32055
% chg. over the last day: -0.17
Day’s range: 1.32016 – 1.32171
52 wk range: 1.2727 – 1.3664
An ambiguous technical pattern has developed on the USD/CAD currency pair. Looney is currently consolidating. USD/CAD quotes are testing the round level of 1.32000. 1.32200 is the nearest resistance. The US currency remains under pressure due to the uncertainty in the trade negotiations between Washington and Beijing. The trading instrument has a downside trend. Today we recommend paying attention to economic releases from the United States, as well as the dynamics of oil prices. Open positions from key levels.
The Economic News Feed for 19.11.2019 is calm.
The price fixed below 50 MA and 100 MA, which signals the power of sellers.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/CAD.
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: 1.32000, 1.31800, 1.31600
Resistance levels: 1.32200, 1.32350, 1.32550
If the price consolidates below the round level of 1.32000. expect the quotes to fall toward 1.31800-1.31600.
Alternatively, the quotes could grow toward 1.32400-1.32550.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 108.783
Open: 108.677
% chg. over the last day: -0.03
Day’s range: 108.461 – 108.698
52 wk range: 104.97 – 114.56
The USD/JPY currency pair is in a lateral movement. The technical pattern is ambiguous. At the moment, USD/JPY quotes are testing local support and resistance levels at 108.450 and 108.700, respectively. Demand for safe haven currencies resumed amid uncertainty over the settlement of the trade conflict between Washington and Beijing, as well as rising political tensions in Hong Kong. Today we expect important economic reports from the USA. We recommend opening positions from key levels.
The Economic News Feed for 19.11.2019 is calm.
Indicators do not provide accurate signals: 50 MA crossed 100 MA.
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 crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 108.450, 108.250, 108.000
Resistance levels: 108.700, 108.900, 109.050
If the price consolidates above 108.700, expect the quotes to rise toward 109.000-109.100.
Alternatively, the quotes could descend toward 108.300-108.100.
