The Analytical Overview of the Main Currency Pairs on 2018.06.19

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.15890
  • Open: 1.16225
  • % chg. over the last day: -0.40
  • Day's range: 1.15756 – 1.15831
  • 52 wk range: 1.0571 – 1.2557

During yesterday's trading session, the EUR/USD quotes slightly strengthened. At the moment, a downward trend is observed on the EUR/USD currency pair. Investors closely monitor the US-China trade relations. The key support and resistance levels are 1.15600 and 1.16000, respectively. We recommend opening positions from these marks. The trading instrument is tending potentially to reduce.

The news feed on 2018.06.19:
  • - Statistics on the real estate market in the US at 15:30 (GMT+3:00).
EUR/USD

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

The MACD histogram is near the 0 mark.

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

Trading recommendations
  • Support levels: 1.15600, 1.15000
  • Resistance levels: 1.16000, 1.16600, 1.17200

If the price fixes below 1.15600, the EUR/USD quotes are expected to decline. The movement is tending to 1.15100-1.15000.

Alternative option. If the price fixes above the round level of 1.16000, we recommend considering purchases. The target movement level is 1.16400-1.16600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32662
  • Open: 1.32440
  • % chg. over the last day: -0.45
  • Day's range: 1.31999 – 1.32199
  • 52 wk range: 1.2361 – 1.4345

There is a downward trend on the GBP/USD currency pair. At the moment, the price is testing a round level of 1.32000. The key resistance is the level of 1.32500. The positions should be opened from these marks. In the near future, a technical correction is not ruled out. On Thursday, June 21, the Bank of England will announce its decision on the key interest rate.

Today, publication of important economic data from the UK is not expected.

GBP/USD

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

The MACD histogram has moved into the negative zone, which signals to sell GBP/USD.

Stochastic Oscillator is located in the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.32000, 1.31600
  • Resistance levels: 1.32500, 1.33000, 1.33500

If the price fixes below the round level of 1.32000, further decline in the GBP/USD quotes is expected. The movement is tending to 1.31600-1.31400.

An alternative may be the GBP/USD currency pair correction to the level of 1.32400-1.32600.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31805
  • Open: 1.32010
  • % chg. over the last day: +0.15
  • Day's range: 1.32251 – 1.32450
  • 52 wk range: 1.2059 – 1.3795

The USD/CAD currency pair continues to show positive dynamics. In the near future, technical correction is not ruled out. At the moment, the key support and resistance levels are 1.32000 and 1.32500, respectively. The positions should be opened from these marks. We recommend paying attention to the US-China trade relations.

The news feed on the economy of Canada 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 and above the signal line, which gives a strong signal to buy USD/CAD.

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

Trading recommendations
  • Support levels: 1.32000, 1.31600, 1.31000
  • Resistance levels: 1.32500, 1.33000

If the price fixes below the already "mirror" support of 1.32000, the USD/CAD currency pair is expected to correct. The movement is tending to 1.31600-1.31400.

Alternative option. If the price fixes above 1.32500, further growth of the USD/CAD quotes is expected. The target movement level is the round level of 1.33000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.665
  • Open: 110.539
  • % chg. over the last day: -0.33
  • Day's range: 110.525 – 110.564
  • 52 wk range: 104.56 – 114.74

During today's trading session, aggressive sales have been observed on the USD/JPY currency pair. The decrease in quotes was almost 100 points. Demand for the yen has risen due to the trade conflict between the US and China. The key support and resistance levels are 109.600 and 109.900, respectively. The positions should be opened from these marks.

The news feed on the economy of Japan is calm.

USD/JPY

Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.

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

Stochastic Oscillator is in the oversold zone, the %K line is above the %D line, which signals a possible correction of the USD/JPY currency pair.

Trading recommendations
  • Support levels: 109.600, 109.300
  • Resistance levels: 109.900, 110.300, 110.600

If the price fixes above the 109.900 mark, the USD/JPY currency pair is expected to correct. The movement is tending to 110.300-110.500.

Alternative option. If the price fixes below the support of 109.600, the USD/JPY currency pair is expected to decline. The target movement level is 109.300-109.000.

by JustForex, 2018.06.19

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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