The Analytical Overview of the Main Currency Pairs on 2019.09.26

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.10226
  • Open: 1.09426
  • % chg. over the last day: -0.62
  • Day's range: 1.09408 - 1.09651
  • 52 wk range: 1.0931 - 1.1817

The EUR/USD currency pair again went down. Yesterday, the drop in quotes exceeded 75 points. The trading tool has updated key lows. Greenback was supported by optimistic data on the real estate market in the USA. Heads of the Federal Reserve Bank of Dallas and Chicago said that current interest rates are at an optimal level. Financial market participants continue to monitor political instability in the White House. At the moment, the EUR/USD currency pair is consolidating in the range of 1.09400-1.09650. We recommend to open positions from these marks. Today, investors will evaluate a number of important economic reports from the United States.

The Economic News Feed for 26.09.2019:

  • - GDP report (US) - 15:30 (GMT+3:00);
  • - Initial Jobless Claims (US) – 15:30 (GMT+3:00);
  • - Real Estate Incomplete Sales (US) – 17:00 (GMT+3:00);
EUR/USD

Indicators indicate the strength of sellers: the price has fixed below 50 MA and 100 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.

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

Trading recommendations
  • Support levels: 1.09400, 1.09000
  • Resistance levels: 1.09650, 1.09950, 1.10250

If the price consolidates below 1.09400, expect a further drop toward 1.09000.

Alternatively, the quotes could grow toward 1.099900-1.10100.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.24909
  • Open: 1.23455
  • % chg. over the last day: -1.05
  • Day's range: 1.23351 - 1.23805
  • 52 wk range: 1.1995 - 1.3385

The GBP/USD currency pair is showing aggressive sales. During yesterday's trading, the drop in quotations exceeded 140 points. The trading instrument has set new local lows. Sterling remains under pressure due to political instability in the UK. The government intends in the near future to reconsider the issue of holding early elections. Currently, GBP/USD quotes are consolidating in the range 1.23250-1.23800. The pound has the potential to further decline relative to the US currency. Today we recommend paying attention to the news background from the USA. Positions must be opened from key levels.

Pay attention to the speech made by the head of the Bank of England.

GBP/USD

Indicators signal the strength of sellers: the price has fixed below 50 MA and 100 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell GBP/USD.

The Stochastic Oscillator is near the oversold zone, the %K line is below the %D line, which also indicates a bearish sentiment.

Trading recommendations
  • Support levels: 1.23250, 1.22700
  • Resistance levels: 1.23800, 1.24200, 1.24650

If the price consolidates below 1.23250, expect a further drop toward 1.22800-1.22600.

Alternatively, the quotes could grow toward 1.22800-1.22600.

Registration

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32405
  • Open: 1.32657
  • % chg. over the last day: +0.11
  • Day's range: 1.32457 - 1.32686
  • 52 wk range: 1.2727 - 1.3664

CAD continues to trade in a long flat. There is no defined trend. Participants in financial markets expect additional drivers. Currently, USD/CAD quotes are testing the following local support and resistance levels: 1.32450 and 1.32700, respectively. The USD/CAD currency pair has a downside potential. Today we recommend paying attention to economic releases from the USA, as well as to the dynamics of oil quotes. Positions must be opened from key levels.

The Economic News Feed for 26.09.2019 is calm.

USD/CAD

Indicators do not give accurate signals: the price crossed 50 MA and 100 MA.

The MACD histogram has moved into the negative zone, which signals a development of bearish sentiment.

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

Trading recommendations
  • Support levels: 1.32450, 1.32300, 1.32100
  • Resistance levels: 1.32700, 1.32900, 1.33100

If the price consolidates below 1.32450, USD/CAD is expected to fall toward 1.32000.

Alternatively, the quotes could grow toward 1.32900-1.33100.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 107.046
  • Open: 107.738
  • % chg. over the last day: +0.60
  • Day's range: 107.576 - 107.775
  • 52 wk range: 104.97 - 114.56

Yesterday, purchases prevailed on the USD/JPY currency pair. The trading tool has updated local highs. Demand for safe haven currencies has weakened due to prospects for a settlement of the trade conflict between Washington and Beijing. At the moment, USD / JPY quotes are consolidating. The key range is 107.550-107.850. The focus is on economic reports from the United States. We recommend opening levels from key support and resistance levels.

The Economic News Feed for 26.09.2019 is calm.

USD/JPY

Indicators do not give accurate signals: the price has fixed between 50 MA and 100 MA.

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

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

Trading recommendations
  • Support levels: 107.550, 107.250, 107.000
  • Resistance levels: 107.850, 108.100, 108.350

If the price consolidates above the resistance level of 107.850, expect further growth toward 108.100-108.350

Alternatively, the quotes could decrease toward 107.300-107.100.

by JustForex, 2019.09.26

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.

Registration

Get Free Analytics

* required fields