The Analytical Overview of the Main Currency Pairs on 2018.11.27

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13396
  • Open: 1.13268
  • % chg. over the last day: -0.04
  • Day's range: 1.13073 – 1.13172
  • 52 wk range: 1.1299 – 1.2557

Yesterday the EUR/USD quotes have been showing a variety of trends. A trading conflict between the US and China is in the spotlight. The quotes are going down. The local support and resistance levels are 1.13000 and 1.13300. Positions should be opened from these levels. The quotes have a tendency to fall.

The news feed on 27.11.2018:
  • - CB Customer Confidence Index – 17:00 (GMT+2:00).
EUR/USD

Indicators point toward the power of the sellers: the price is 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 EUR/USD.

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

Trading recommendations
  • Support levels: 1.13000, 1.12700
  • Resistance levels: 1.13300, 1.13700, 1.14000

If the price fixes below the support level of 1.13500, a further fall in the EUR/USD quotes is expected. The movement is tending to 1.13200-1.13000.

An alternative may be the EUR/USD currency pair growth to the level of 1.13500-1.13700.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28202
  • Open: 1.28059
  • % chg. over the last day: -0.50
  • Day's range: 1.27336 – 1.27575
  • 52 wk range: 1.2662 – 1.4378

The GBP/USD started to descend after a long flat. At the moment, the local support and resistance levels are 1.27300 and 1.27800. Positions should be opened from these levels. The quotes have a tendency to descend. Investors expect relevant data regarding Brexit.

Today the publication of important economic reports from the UK is not planned.

GBP/USD

Indicators point toward the power of the sellers: the price is lower than 50 MA and 200 MA.

The MACD histogram went into the negative zone, which points toward a bearish sentiment.

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

Trading recommendations
  • Support levels: 1.27300, 1.27000
  • Resistance levels: 1.27800, 1.28150, 1.28650

If the price fixes below the support level of 1.27300, the GBP/USD quotes are expected to fall. The movement is tending to 1.27000-1.26700.

An alternative may be the further growth of the GBP/USD currency pair to 1.28000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32209
  • Open: 1.32504
  • % chg. over the last day: +0.36
  • Day's range: 1.32611 – 1.32743
  • 52 wk range: 1.2248 – 1.3387

USD/CAD is showing a bullish sentiment. During the last two days the quotes grew by 60%. The key support and resistance levels grew by 60 points. Currently they are 1.32400 and 1.32800. Positions should be opened from these levels. You should keep an eye on the oil quotes.

The news feed on the economy of Canada is calm.

USD/CAD

Indicators point toward the power of the buyers: the price is above both 50 MA and 200 MA.

The MACD histogram is in the positive zone and keeps rising, which is a strong signal for purchase of USD/CAD.

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also points toward a bullish sentiment.

Trading recommendations
  • Support levels: 1.32400, 1.32100, 1.31800
  • Resistance levels: 1.32800, 1.33100

If the price fixes above the resistance level of 1.32800, it is necessary to consider purchases of USD/CAD. The movement is tending to 1.33100-1.31400.

Alternative option. If the price fixes below the 1.32400 mark, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.32100-1.31800.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 112.866
  • Open: 113.566
  • % chg. over the last day: +0.52
  • Day's range: 113.535 – 113.602
  • 52 wk range: 104.56 – 114.74

USD/JPY is showing a bullish sentiment. During the last two days, the quotes have grown by 70 points. The local support and resistance levels are 113.450 and 113.650. The currency pair has prospects for further growth. Positions should be opened from the key levels.

Publication of important economic reports from Japan is not planned.

USD/JPY

Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.

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

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

Trading recommendations
  • Support levels: 113.450, 113.200, 113.000
  • Resistance levels: 113.650, 114.000

If the price fixes above the resistance of 113.650, further growth of the USD/JPY quotes is expected. The movement is tending to 114.000-114.200.

An alternative may be the USD/JPY currency pair growth to 113.200-113.000.

by JustForex, 2018.11.27

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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