The Analytical Overview of the Main Currency Pairs on 2019.06.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13704
  • Open: 1.13982
  • % chg. over the last day: +0.13
  • Day's range: 1.13925 – 1.14119
  • 52 wk range: 1.1111 – 1.2009

EUR/USD keeps showing a positive trend. EUR reached 1.14000. USD remains under pressure after the Fed meeting. Current local levels of support and resistance are 1.13750 and 1.14100. Financial markets participants are waiting for a meeting of the leaders of the United States and China during the G20 summit, which will be held June 28-29 in Osaka. In the near future, technical correction of EUR/USD quotes is possible. Open positions from the key levels.

The Economic News Feed for 25.06.2019:

  • - Consumer Trust Index CB (US) – 17:00 (GMT+3:00);
  • - New Real Estate Sales (US) – 17:00 (GMT+3:00);
EUR/USD

The price fixed above 50 MA and 100 MA which points to the power of the buyers.

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

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points towards a correction of EUR/USD.

Trading recommendations
  • Support levels: 1.13750, 1.13400, 1.13100
  • Resistance levels: 1.14100, 1.14500

If the price fixes above 1.14100, consider buying EUR/USD, the price will move towards 1.14500-1.14700.

Alternatively, the price can correct towards 1.13400-1.13100.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.27328
  • Open: 1.27142
  • % chg. over the last day: -0.10
  • Day's range: 1.27142 – 1.27554
  • 52 wk range: 1.2438 – 1.3631

GBP/USD stabilized after a long rally. At the moment, GBP / USD quotes are in lateral movement. The trading tool tests local support and resistance levels: 1.27150 and 1.27600, respectively. In the near future technical correction is not excluded. Today we recommend to pay attention to economic releases from the USA. Positions must be opened from key levels.

The Economic News Feed for 25.06.2019 is calm.

GBP/USD

The price fixed above 50 MA and 100 MA which points to the power of the buyers.

The MACD histogram is in the positive zone and keeps rising which gives a strong signal to buy GBP/USD.

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

Trading recommendations
  • Support levels: 1.27150, 1.26750, 1.26450
  • Resistance levels: 1.27600, 1.28000

If the price fixes above 1.27600, expect further growth towards 1.28000.

Alternatively, the quotes can correct towards 1.26750-1.26500.

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The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32137
  • Open: 1.31794
  • % chg. over the last day: -0.12
  • Day's range: 1.31713 – 1.31962
  • 52 wk range: 1.2727 – 1.3664

CAD keeps trading in a flat. The technical picture is ambiguous. A correction is possible soon. The local support and resistance are 1.31750 and 1.32150. Keep an eye on the US economic reports and the oil quotes dynamics. Open positions from the key levels.

The Economic News Feed for 25.06.2019 is calm. At 15:30 (GMT+3:00) Canada will publish a wholesales report.

USD/CAD

The indicators do not provide precise signals, the price has crossed 50 MA.

The MACD histogram is close to 0. There are no signals at the moment.

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

Trading recommendations
  • Support levels: 1.31750, 1.31500, 1.31200
  • Resistance levels: 1.32150, 1.32500, 1.33000

If the price fixes below 1.31750, expect further descend towards 1.31400-1.31200.

Alternatively, the quotes can grow towards 1.32500-1.32700.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 107.304
  • Open: 107.289
  • % chg. over the last day: -0.03
  • Day's range: 106.778 – 107.409
  • 52 wk range: 104.97 – 114.56

The USD/JPY once again started to decline. Trading instrument updated local minima. The demand for “safe” assets remains at a fairly high level due to the growth of geopolitical tensions between the US and Iran. At the moment, the USD/JPY quotes are consolidating in the range of 106.800-107.100, respectively. Trading instrument has the potential to further decline. We recommend to pay attention to the dynamics of the yield of US government securities. Positions must be opened from key levels.

The Economic News Feed for 25.06.2019 is calm.

USD/JPY

The price fixed below 50 MA and 200 MA which points to the power of the sellers.

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

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the bullish mood.

Trading recommendations
  • Support levels: 106.800, 106.500
  • Resistance levels: 107.100, 107.400, 107.700

If the price fixes below 106.800, expect further descend towards 106.500-106.300.

Alternatively, the quotes can grow towards 107.400-107.600.

by JustForex, 2019.06.25

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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