The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.09992
Open: 1.10122
% chg. over the last day: +0.01
Day’s range: 1.10069 – 1.10136
52 wk range: 1.0884 – 1.1623
The EUR/USD currency pair is still in sideways movement. Financial market volatility was reduced due to Thanksgiving in the United States. The technical pattern is ambiguous. Negotiations between China and the United States remain in the spotlight. US President Donald Trump has signed two bills that support anti-government protesters in Hong Kong. Investors are now awaiting China’s response. Currently, the key support and resistance levels are 1.100000 and 1.10200, respectively. Open positions from these marks.
The Economic News Feed for 29.11.2019:
German Unemployment Change (GER) – 10:55 (GMT+2:00);
Consumer Price Index (EU) – 12:00 (GMT+2:00);
The indicators do not give accurate signals: the price is trading between 50 MA and 100 MA.
The MACD histogram is near the 0 mark, which also does not give signals.
The Stochastic Oscillator is in the neutral zone, the %K line crosses the %D line. There are no signals.
Trading recommendations
Support levels: 1.10000, 1.09850
Resistance levels: 1.10200, 1.10400, 1.10650
If the price consolidates below the round level of 1.10000, expect the quotes to fall toward 1.09700-1.09600.
Alternatively, the quotes could grow toward 1.10400-1.10650.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.28542
Open: 1.29092
% chg. over the last day: -0.08
Day’s range: 1.29072 – 1.29175
52 wk range: 1.1959 – 1.3385
The GBP/USD currency pair retreated from local highs. At the moment, quotes are moving in flat. The technical pattern is ambiguous. Market participants are waiting for new information regarding the Brexit process. At the moment, the key support and resistance levels are 1.29000 and 1.29350, respectively. We recommend opening positions from these marks.
The Economic News Feed for 29.11.2019 is calm.
Indicators do not provide accurate signals: 50 MA has crossed 100 MA.
The MACD histogram is close to 0, which also does not give signals.
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: 1.29000, 1.28700, 1.28400
Resistance levels: 1.29350, 1.29700
If the price consolidates above 1.29350, expect the quotes to rise toward 1.29700-1.29850.
Alternatively, the quotes could fix below 1.29000 and descend toward 1.28700-1.28400.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32821
Open: 1.32805
% chg. over the last day: +0.00
Day’s range: 1.32804 – 1.32872
52 wk range: 1.2727 – 1.3664
The technical pattern on the USD/CAD currency pair is still ambiguous. Looney is in lateral movement. Local levels of support and resistance are still: 1.32800 and 1.33000, respectively. Participants in financial markets expect additional drivers. Today will be published important economic statistics in Canada. Open positions from key levels.
The Economic News Feed for 29.11.2019:
GDP Report (CAD) – 15:30 (GMT+2:00);
Indicators do not give accurate signals: the price has crossed 50 MA and 100 MA.
The MACD histogram is near the 0 mark, which also does not give signals.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.
Support levels: 1.32800, 1.32650, 1.32400
Resistance levels: 1.33000, 1.33200, 1.33350
If the price consolidates above 1.33000, expect the quotes to rise toward 1.33200-1.33400.
Alternatively, the quotes could descend toward 1.32600-1.32400.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 109.549
Open: 109.512
% chg. over the last day: -0.04
Day’s range: 109.484 – 109.556
52 wk range: 104.97 – 114.56
The USD/JPY currency pair is being traded in a flat. Investors expect additional drivers. We recommend you to keep track of current information regarding trade negotiations between the United States and China. The key support and resistance levels are 109.400 and 109.600, respectively. We recommend you to pay attention to the dynamics of yield on US government bonds. Open positions from key levels.
The Economic News Feed for 29.11.2019 is calm.
Indicators point to the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/JPY.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy USD/JPY.
Trading recommendations
Support levels: 109.400, 109.200, 109.050
Resistance levels: 109.600, 110.000
If the price consolidates above 109.600, expect further growth toward 110.000.
Alternatively, the quotes could fall below 109.400 and eventually decline to 109.200-109.000.
