The Analytical Overview of the Main Currency Pairs on 2019.11.15

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.10063
  • Open: 1.10209
  • % chg. over the last day: +0.12
  • Day's range: 1.10192 - 1.10298
  • 52 wk range: 1.0884 - 1.1623

The EUR/USD currency pair went up after a long fall. EUR/USD quotes updated local highs. Investors began to partially fix positions on the greenback. Trade negotiations between Washington and Beijing remain the focus of attention. White House representatives Larry Kudlow said yesterday that the parties are approaching a deal. We recommend that you keep track of current information on this issue. We expect the release of important statistics. We recommend opening positions from key levels.

The Economic News Feed for 15.11.2019:

  • - The Consumer Price Index (EU) – 12:00 (GMT+2:00);
  • - Retail Sales Report (US) – 15:30 (GMT+2:00);
  • - Industrial Production Volume (US) – 16:15 (GMT+2:00);
EUR/USD

Indicators do not provide accurate signals, 50 MA started to cross 100 MA.

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 indicates a bearish sentiment.

Trading recommendations
  • Support levels: 1.10150, 1.09900, 1.09500
  • Resistance levels: 1.10400, 1.10600, 1.10900

If the price consolidates above 1.10400, expect further correction to 1.10600-1.10900.

Alternatively, the quotes could drop toward 1.09900-1.09700.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28526
  • Open: 1.28809
  • % chg. over the last day: +0.24
  • Day's range: 1.28717 - 1.28861
  • 52 wk range: 1.1959 - 1.3385

GBP/USD quotes began to recover after a long consolidation. GBP updated local highs. At the moment, the trading instrument is consolidating near the key supply zone of 1.28850-1.29000. 1.28600 is already a mirror support. We do not exclude further growth of the GBP/USD currency pair. We recommend keeping track of up-to-date information regarding the Brexit process. Today, investors will evaluate important economic releases from the United States. Open positions from key levels.

The Economic News Feed for 15.11.2019 is calm.

GBP/USD

The price fixed above 50 MA and 100 MA, which signals the strength of buyers.

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

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: 1.28600, 1.28200, 1.27900
  • Resistance levels: 1.28850, 1.29000, 1.29250

If the price consolidates above 1.28850, expect further growth toward 1.29100-1.29300.

Alternatively, the quotes can descend toward 1.28300-1.28100.

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The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32518
  • Open: 1.32478
  • % chg. over the last day: -0.02
  • Day's range: 1.32194 - 1.32518
  • 52 wk range: 1.2727 - 1.3664

The USD/CAD currency pair went down. The trading tool has updated local lows. CAD is currently consolidating in the range of 1.32150-1.32400. USD/CAD quotes can decline further. Today we recommend that you pay attention to economic reports from the US, as well as the dynamics of prices of black gold. Open positions from key levels.

The Economic News Feed for 15.11.2019 is calm.

USD/CAD

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

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

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

Trading recommendations
  • Support levels: 1.32150, 1.31900, 1.31600
  • Resistance levels: 1.32400, 1.32700

If the price consolidates below 1.32150, expect further correction of the USD/CAD to 1.31900-1.31700.

Alternatively, the quotes could grow toward 1.32600-1.32800.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 108.883
  • Open: 108.384
  • % chg. over the last day: -0.30
  • Day's range: 108.378 - 108.628
  • 52 wk range: 104.97 - 114.56

An ambiguous technical pattern has developed on the USD/JPY currency pair. The trading instrument is in a lateral movement. At the moment, the following local support and resistance levels can be distinguished: 108.400 and 108.650, respectively. Financial market participants are waiting for new information regarding the settlement of the trade conflict between Washington and Beijing. Today we recommend paying attention to economic releases from the USA. Open positions from key levels.

During the Asian trading session, Japan published a positive data on the volume of industrial production.

USD/JPY

The price fixed below 50 MA and 100 MA, which signals the strength of sellers.

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

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: 108.400, 108.250, 108.000
  • Resistance levels: 108.650, 108.850, 109.150

If the price consolidates below 108.400, expect a further drop toward 108.000.

Alternatively, the quotes could grow toward 108.850-109.100.

by JustForex, 2019.11.15

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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