The Analytical Overview of the Main Currency Pairs on 2019.11.29

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.09992
  • Open: 1.10122
  • % chg. over the last day: +0.01
  • Day's range: 1.10069 - 1.10136
  • 52 wk range: 1.0884 - 1.1623

The EUR/USD currency pair is still in sideways movement. Financial market volatility was reduced due to Thanksgiving in the United States. The technical pattern is ambiguous. Negotiations between China and the United States remain in the spotlight. US President Donald Trump has signed two bills that support anti-government protesters in Hong Kong. Investors are now awaiting China's response. Currently, the key support and resistance levels are 1.100000 and 1.10200, respectively. Open positions from these marks.

The Economic News Feed for 29.11.2019:

  • - German Unemployment Change (GER) – 10:55 (GMT+2:00);
  • - Consumer Price Index (EU) – 12:00 (GMT+2:00);
EUR/USD

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

The MACD histogram is near the 0 mark, which also does not give signals.

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

Trading recommendations
  • Support levels: 1.10000, 1.09850
  • Resistance levels: 1.10200, 1.10400, 1.10650

If the price consolidates below the round level of 1.10000, expect the quotes to fall toward 1.09700-1.09600.

Alternatively, the quotes could grow toward 1.10400-1.10650.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28542
  • Open: 1.29092
  • % chg. over the last day: -0.08
  • Day's range: 1.29072 - 1.29175
  • 52 wk range: 1.1959 - 1.3385

The GBP/USD currency pair retreated from local highs. At the moment, quotes are moving in flat. The technical pattern is ambiguous. Market participants are waiting for new information regarding the Brexit process. At the moment, the key support and resistance levels are 1.29000 and 1.29350, respectively. We recommend opening positions from these marks.

The Economic News Feed for 29.11.2019 is calm.

GBP/USD

Indicators do not provide accurate signals: 50 MA has crossed 100 MA.

The MACD histogram is close to 0, which also does not give signals.

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: 1.29000, 1.28700, 1.28400
  • Resistance levels: 1.29350, 1.29700

If the price consolidates above 1.29350, expect the quotes to rise toward 1.29700-1.29850.

Alternatively, the quotes could fix below 1.29000 and descend toward 1.28700-1.28400.

Open Account

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32821
  • Open: 1.32805
  • % chg. over the last day: +0.00
  • Day's range: 1.32804 - 1.32872
  • 52 wk range: 1.2727 - 1.3664

The technical pattern on the USD/CAD currency pair is still ambiguous. Looney is in lateral movement. Local levels of support and resistance are still: 1.32800 and 1.33000, respectively. Participants in financial markets expect additional drivers. Today will be published important economic statistics in Canada. Open positions from key levels.

The Economic News Feed for 29.11.2019:

  • - GDP Report (CAD) – 15:30 (GMT+2:00);
USD/CAD

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

The MACD histogram is near the 0 mark, which also does not give signals.

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

  • Support levels: 1.32800, 1.32650, 1.32400
  • Resistance levels: 1.33000, 1.33200, 1.33350

If the price consolidates above 1.33000, expect the quotes to rise toward 1.33200-1.33400.

Alternatively, the quotes could descend toward 1.32600-1.32400.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.549
  • Open: 109.512
  • % chg. over the last day: -0.04
  • Day's range: 109.484 - 109.556
  • 52 wk range: 104.97 - 114.56

The USD/JPY currency pair is being traded in a flat. Investors expect additional drivers. We recommend you to keep track of current information regarding trade negotiations between the United States and China. The key support and resistance levels are 109.400 and 109.600, respectively. 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 29.11.2019 is calm.

USD/JPY

Indicators point to the power of buyers: the price has fixed 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 neutral zone, the %K line is above the %D line, which gives a signal to buy USD/JPY.

Trading recommendations
  • Support levels: 109.400, 109.200, 109.050
  • Resistance levels: 109.600, 110.000

If the price consolidates above 109.600, expect further growth toward 110.000.

Alternatively, the quotes could fall below 109.400 and eventually decline to 109.200-109.000.

by JustForex, 2019.11.29

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.

Open Account

Get Free Analytics

* required fields