The Analytical Overview of the Main Currency Pairs on 2018.11.15

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12892
  • Open: 1.13067
  • % chg. over the last day: +0.19
  • Day's range: 1.13064 – 1.13516
  • 52 wk range: 1.1299 – 1.2557

The EUR/USD quotes keep recovering. At the moment, EUR is testing the key resistance of 1.13500. 1.13100 is the mirror support. Further correction is possible. The financial market participants are expecting important economic stats from the US. Positions should be opened from the key levels.

The Economic News Feed for 2018.11.15:
  • - Core Retail Sales report (US) - 15:30 (GMT+2:00);
  • - Philadelphia Fed Manufacturing Index (US) - 15:30 (GMT+2:00).
EUR/USD

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the positive zone and above the signal line, which give a strong signal towards the purchase of EUR/USD.

The Stochastic Oscillator is near the overbought zone, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.13100, 1.12700, 1.12200
  • Resistance levels: 1.13500, 1.14000

If the price closes above the support 1.13500, expect further correction. The movement will tend toward the round 1.14000.

Alternatively, the price fixes below the mirror support 1.13100, you should consider selling EUR/USD. The movement will tend toward 1.12700-1.12500.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29710
  • Open: 1.29812
  • % chg. over the last day: +0.08
  • Day's range: 1.29542 – 1.30299
  • 52 wk range: 1.2662 – 1.4378

GBP/USD is showing a high trading activity and volatility. The Brexit situation is in the spotlight. The Capinet of the UK has approved an aggreement with the US about Brexit. At the moment, the key trading range is 1.29500-1.30250. We recommend you open positions from these levels.

At 11:30 (GMT+2:00) a Core Retail Sales report was published in Great Britain.

GBP/USD

Indicators do not provide precise signals, the price has crossed both 50 MA and 200 MA.

The MACD histogram is close to 0.

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: 1.29500, 1.29000, 1.28400
  • Resistance levels: 1.30250, 1.30850, 1.31400

If the price fixes above 1.30250 expect further growth of GBP/USD. The movement will tend toward 1.30750-1.31000.

Alternatively, the quotes can go down towards the round 1.29000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32341
  • Open: 1.32404
  • % chg. over the last day: +0.08
  • Day's range: 1.32173 – 1.32495
  • 52 wk range: 1.2248 – 1.3387

The USD/CAD quotes are in a long flat. The technical picture remains ambiguous. The quotes are testing 1.32150 and 1.32500 as the key support and resistance levels. Positions should be opened from them. We recommend you keep an eye on the US economic reports.

The news feed for Canada is calm for today.

USD/CAD

The indicators do not provide precise signals: the price fixed between 50 MA and 200 MA.

The MACD histogram is descending, which indicates a bearish sentiment.

The Stochastic Oscillator is in the overbought zone, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.32150, 1.31800, 1.31450
  • Resistance levels: 1.32500, 1.33000

If the price fixes above 1.32150, consider selling USD/CAD. The movement will tend toward the round 1.31800-1.31600.

Alternatively, the currency pair can grow to 1.32750-1.33000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 113.784
  • Open: 113.602
  • % chg. over the last day: -0.22
  • Day's range: 113.407 – 113.675
  • 52 wk range: 104.56 – 114.74

The USD/JPY quotes started to fall and updated the local minimums. At the moment the quotes are testing the support level of 113.400. 113.700 is now the mirror resistance. A correction is highly possible. There will be some important reports coming from the US, but until then the positions should be opened from the key levels.

There have been no important news from Japan today.

USD/JPY

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

The MACD histogram is around in the negative zone but above the signal line. It provides a weak signal towards the sale of JPY/USD.

The Stochastic Oscillator is in the neutral zone, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 113.400, 113.000, 112.700
  • Resistance levels: 113.700, 114.000, 114.200

If the price fixes below the support 113.400, expect a further descend of the quotes. The movement will tend toward 113.000-112.700.

Alternatively, quotes can grow towards 114.000.

by JustForex, 2018.11.15

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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