The Analytical Overview of the Main Currency Pairs on 2019.11.26

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.10157
  • Open: 1.10129
  • % chg. over the last day: -0.11
  • Day's range: 1.10127 - 1.10167
  • 52 wk range: 1.0884 - 1.1623

The EUR/USD currency pair is in a flat. The local support and resistance levels are 1.10050 and 1.10300, respectively. Investors expect additional drivers. The spotlight is on the US deal with China. It became known that Vice Premier of the State Council of the PRC Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steve Mnuchin reached an agreement on solving the problems during a telephone conversation. Open positions from these levels.

The Economic News Feed for 26.11.2019:

  • - CB Consumer Confidence Index (US) - 17:00 (GMT+2:00).
  • - Primary Real Estate Sales (US) – 00:00 (GMT+2:00);
EUR/USD

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 EUR/USD.

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

Trading recommendations
  • Support levels: 1.10050, 1.09900
  • Resistance levels: 1.10300, 1.10550, 1.10800

f the price consolidates above1.10300, expect the quotes to rise toward 1.10550-1.10700.

Alternatively, the quotes could descend toward 1.09800-1.09600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28515
  • Open: 1.28982
  • % chg. over the last day: +0.35
  • Day's range: 1.28668 - 1.28824
  • 52 wk range: 1.1959 - 1.3385

Yesterday, the GBP/USD currency pair began to win some losses back. The British pound has moved to growth. However, today GBP/USD quotes are again falling. The technical pattern is ambiguous, investors expect additional drivers. At the moment, the trading instrument is testing the support level of 1.28700. The key resistance level is 1.29000. Open positions from them.

The Economic News Feed for 26.11.2019 is calm.

GBP/USD

Indicators do not give accurate signals: the price is trading between 50 MA and 100 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is near the oversold zone, the %K line crosses the %D line. There are no signals at this time.

Trading recommendations
  • Support levels: 1.28700, 1.28400, 1.28100
  • Resistance levels: 1.29000, 1.29250, 1.29550

If the price consolidates above 1.29000, expect the quotes to rise toward 1.29250-1.29550.

Alternatively, the quotes could descend toward 1.28400-1.28100.

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The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32828
  • Open: 1.32954
  • % chg. over the last day: -0.17
  • Day's range: 1.32698 - 1.32882
  • 52 wk range: 1.2727 - 1.3664

The USD/CAD currency pair is still being traded in a flat. There is no defined trend. The local support and resistance levels are 1.33000 and 1.33200, respectively. USD demand is recovering due to news of the likely conclusion of the first stage of the US-China agreement. We expect the release of important statistics. Open positions from key levels.

The Economic News Feed for 26.11.2019 is calm.

USD/CAD

Indicators point to a bullish sentiment: the price is trading above 50 MA and 100 MA.

The MACD histogram is in the positive zone and continues to rise, which gives a strong signal to buy USD/CAD.

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: 1.33000, 1.32800, 1.32600
  • Resistance levels: 1.33200, 1.33350

If the price consolidates above 1.33200, expect the quotes to rise toward 1.33350-1.33500.

Alternatively, the quotes can descend toward 1.32800-1.32600.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 108.660
  • Open: 108.923
  • % chg. over the last day: +0.25
  • Day's range: 108.879 – 108.965
  • 52 wk range: 104.97 – 114.56

During yesterday's trading, bullish sentiment was observed on the USD/JPY currency pair. The trading tool has updated local highs. At the moment, USD/JPY quotes are consolidating in the range of 108.850-109.100. Demand for safe haven currencies has weakened against the backdrop of the prospects for resolving a trade conflict between Washington and Beijing. We recommend you to pay attention to the dynamics of yield on US government bonds. Open positions from key levels.

The Economic News Feed for 26.11.2019 is calm.

USD/JPY

Indicators point toward a bullish sentiment: the price is trading above 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 oversold zone, the %K line crosses the %D line. There are no signals.

Trading recommendations
  • Support levels: 108.850, 108.650, 108.450
  • Resistance levels: 109.100, 109.300

If the price consolidates above 109.100, expect the quotes to rise toward 109.300-109.500.

Alternatively, the quotes could descend toward 108.650-108.450.

by JustForex, 2019.11.26

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.

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