The Analytical Overview of the Main Currency Pairs on 2018.11.20

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.14129
  • Open: 1.14520
  • % chg. over the last day: +0.35
  • Day's range: 1.14423 – 1.14723
  • 52 wk range: 1.1299 – 1.2557

EUR keeps showing a positive trend. During yesterday`s and today`s trading, the quotes grew by 50 points. The trading instrument is close to the monthly maximums. The local support and resistance levels are 1.14350 and 1.14750. The currency pair can grow further. You should open positions from the key levels.

At 15:30 the US will publish some important stats from the real estate market.
EUR/USD

The indicators point toward the power of the buyers, the price fixed above 50 MA and 200 MA.

The MACD histogram is in the positive zone but below the signal line, which give a weak signal towards the purchase of EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.

Trading recommendations
  • Support levels: 1.14350, 1.14000, 1.13650
  • Resistance levels: 1.14750, 1.15000

If the price fixes above 1.14750, expect further growth. Potentially towards 1.15000-1.15200.

Alternatively, the movement will correct toward 1.14200-1.14000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28440
  • Open: 1.28470
  • % chg. over the last day: +0.16
  • Day's range: 1.28330 – 1.28808
  • 52 wk range: 1.2662 – 1.4378

GBP/USD keeps trading in flat. There is no single trend here. The support and resistance levels are 1.28250 and 1.28850. Financial market participants wait for new data regarding Brexit. Positions should be opened from the key levels.

You should keep an eye on the statements by the Head of the Bank of England.

GBP/USD

The price is between both 50 MA and 200 MA, there are no precise signals.

The MACD histogram is around 0. There are no precise signals.

The Stochastic Oscillator is in near the neutral zone, the %K line is above the %D line, which provides a signal towards a purchase of GBP/USD.

Trading recommendations
  • Support levels: 1.28250, 1.27750, 1.27250
  • Resistance levels: 1.28850, 1.29500, 1.30300

If the price fixes above the support 1.28850, expect further correction of the quotes toward 1.29400-1.29600.

Alternatively, the quotes can fall towards the round 1.28000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31489
  • Open: 1.31693
  • % chg. over the last day: +0.19
  • Day's range: 1.31554 – 1.31772
  • 52 wk range: 1.2248 – 1.3387

The technical picture on USD/CAD remains ambiguos. It keeps testing the support and resistance levels of 1.31500 and 1.31800. The quotes have a tendency to descend. Investors are waiting for the important reports from the US. Positions should be opened from the key levels.

The News Feed for Canada is calm.

USD/CAD

The indicators provide no signals: 50 MA has crossed 200 MA.

The MACD histogram is around 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish mood.

Trading recommendations
  • Support levels: 1.31500, 1.31200, 1.30900
  • Resistance levels: 1.31800, 1.32150, 1.32500

If the price fixes below 1.31150, consider selling USD/CAD. The movement will tend toward the round 1.31200-1.31000.

Alternatively, the currency pair can grow to 1.32000-1.32200.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 112.754
  • Open: 112.517
  • % chg. over the last day: -0.24
  • Day's range: 112.374 – 112.661
  • 52 wk range: 104.56 – 114.74

USD/JPY is still dominated by the bearish sentiment. The trading instrument has updated the local minimums. At the moment the USD/JPY quotes are consolidating. Positions should be opened from the key levels 112.350 and 112.650. The currency pair has a tendency to descend further.

The news feed is calm for 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 and keeps descending, which indicates a bearish mood.

The Stochastic Oscillator is in the negative zone, the %K line is below the %D line. It is also a signal to sell USD/JPY.

Trading recommendations
  • Support levels: 112.250, 112.000
  • Resistance levels: 112.650, 112.900, 113.200

If the price fixes below the support 112.350, expect a further descend of the quotes. The movement will tend toward 112.000-111.750.

Alternatively, quotes can grow towards 112.650-112.900.

by JustForex, 2018.11.19

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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