The Analytical Overview of the Main Currency Pairs on 2018.06.13

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.17821
  • Open: 1.17439
  • % chg. over the last day: -0.31
  • Day's range: 1.17301 – 1.17511
  • 52 wk range: 1.0571 – 1.2557

Yesterday, a variety of trends was observed on the EUR/USD currency pair against the backdrop of ambiguous statistics from the Eurozone and the US. The ZEW economic sentiment index in Germany counted to -16.1 and was worse than the forecasted value of -14.6. The base consumer price index in the US rose to 0.2% (on a monthly basis), while experts expected the value of 0.1%. At the moment the quotes are moving in a flat. Investors took a wait-and-see attitude before the Fed meeting. The key support and resistance levels are 1.17200 and 1.17600, respectively. We recommend opening positions from these marks.

The news feed on 2018.06.13:
  • - The producer price index in the US at 15:30 (GMT+3:00);
  • - The decision on the interest rate by the Fed at 21:00 (GMT+3:00).
EUR/USD

Indicators do not send accurate signals. The price has crossed 200 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.

Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are currently no signals.

Trading recommendations
  • Support levels: 1.17200, 1.16800, 1.16400
  • Resistance levels: 1.17600, 1.18000, 1.18400

If the price fixes above the already "mirror" resistance level of 1.17600, the EUR/USD quotes are expected to grow. The movement is tending to 1.18000-1.18400.

Alternative option. If the price fixes below the support of 1.17200, we recommend considering sales. The target level of movement is 1.16800-1.16400.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33760
  • Open: 1.33711
  • % chg. over the last day: -0.01
  • Day's range: 1.33526 – 1.33772
  • 52 wk range: 1.2361 – 1.4345

Yesterday, the GBP/USD currency pair showed mixed dynamics. Statistics on the UK labor market were published: the average wage level in April rose by 2.5%, as experts expected; the number of jobless claims fell by -7.7K instead of the forecasted increase by 11.3K. At the moment, GBP/USD is in a sideways trend. The key support and resistance levels are 1.33400 and 1.33800. The positions must be opened from these marks.

The economic calendar on 2018.06.13:
  • - The consumer price index in the UK at 11:30 (GMT+3:00).
GBP/USD

The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.

The MACD histogram is in the negative zone, below the signal line, which gives a strong signal to sell GBP/USD.

Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no exact signals.

Trading recommendations
  • Support levels: 1.33400, 1.33100, 1.32700
  • Resistance levels: 1.33800, 1.34200, 1.34600

If the price fixes above 1.33800, GBP/USD is expected to rise. The movement is tending to 1.34200-1.34600.

Alternative option. If the price fixes below 1.33400, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.33100-1.32700.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29774
  • Open: 1.30139
  • % chg. over the last day: +0.29
  • Day's range: 1.29765 – 1.29898
  • 52 wk range: 1.2059 – 1.3795

There is an upward trend on the USD/CAD currency pair. During yesterday's and today's trading sessions, the growth of quotations has counted to 70 points. Today, investors are waiting for the Fed's decision on the interest rate. At the moment, the key support and resistance levels are 1.30100 and 1.30500, respectively. The positions must be opened from these marks.

The news feed on Canada's economy is calm.

USD/CAD

The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.

The MACD histogram is in the positive zone, above the signal line, which gives a strong signal to buy USD/CAD.

Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no accurate signals.

Trading recommendations
  • Support levels: 1.30100, 1.29700, 1.29300
  • Resistance levels: 1.30500, 1.31000

If the price fixes above 1.30500, further growth of the USD/CAD quotes is expected. The movement is tending to the round level of 1.31000.

Alternative option. If the price fixes below the already "mirror" support level of 1.30100, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.29700-1.29300.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.034
  • Open: 110.323
  • % chg. over the last day: +0.38
  • Day's range: 110.587 – 110.622
  • 52 wk range: 104.56 – 114.74

The bullish sentiment is prevailing on the USD/JPY currency pair. At the moment, the key levels of support and resistance are 110.400 and 110.700, respectively. The positions must be opened from these marks. The trading instrument is tending potentially to grow. We recommend paying attention to the US news feed and the yield of US 10-year government bonds.

The publication of important economic reports from Japan is not planned.

USD/JPY

The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/JPY.

Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a signal to sell USD/JPY.

Trading recommendations
  • Support levels: 110.400, 110.000, 109.600
  • Resistance levels: 110.700, 111.000

If the price fixes above the resistance of 110.700, further growth of the USD/JPY currency pair is expected. The target level of movement is 111.000-111.300.

Alternative option. If the price fixes below the already "mirror" support of 110.400, you need to look for entry points to the market to open short positions. The movement is tending to 110.000-109.750.

by JustForex, 2018.06.13

We recommend you to get acquainted with the daily overview of the news feed.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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