Chg. % for the last day: +0.16
Day range: 1.06694 – 1.07020
52-week range: 1.0366 – 1.1616
The single currency has stabilized. Yesterday’s trading ended with the EUR/USD quotes growth by 0.16%. Currently, the key support and resistance levels are the 1.06550 and 1.07150, respectively. The participants of the currency market are waiting for additional drivers.
Indicators do not send strong signals. The MACD histogram has consolidated near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals yet.
News feed for 09/02/2017:
– The number of initial claims for unemployment benefits in the US (15:30 GMT + 2: 00);
– FOMC member Bullard’s speech (16:10 GMT + 2: 00).
Support levels: 1.06550, 1.06150
Resistance levels: 1.07150
Yesterday’s forecast was quite accurate. We expect a continuation of the correction in the EUR/USD currency pair. One should consider buying to the mark of 1.07400-1.07500.
Forecast for the GBPUSD currency pair
Chg. % for the last day: +0.22
Day range: 1.24954 – 1.25719
52-week range: 1.1986 – 1.5020
During yesterday’s trading, the pound grew a little bit against the US currency. The growth of the GBP/USD quotations was 0.22%. At the moment, there is the power of buyers. Price broke key resistance level of 1.25500.
The MACD histogram is in the positive zone and continues to rise, indicating a continuation of the “bullish” moods on GBP/USD.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also points to purchases of GBP/USD.
At 20:30 (GMT + 2: 00) a head of Bank of England Carney’s speech will be held.
Support levels: 1.25500, 1.24700
Resistance levels: 1.26400
The previous forecast was confirmed. We believe that the upward trend in the GBP/USD currency pair may continue. The potential for movement – 1.26200-1.26400.
Forecast for the USDCAD currency pair
Chg. % for the last day: -0.30
Day range: 1.31354 – 1.31682
52-week range: 1.2458 – 1.4692
Yesterday, the correction was observed on the USD/CAD currency pair. The Canadian dollar strengthened against the US dollar by 0.30%. At the moment, the currency is testing the key resistance level of 1.31500.
The MACD histogram does not give accurate signals. The indicator is located near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, indicating sales of USD/CAD.
At 15:30 (GMT + 2: 00) the price index for new housing in Canada will be published.
Support levels: 1.30900
Resistance levels: 1.31500, 1.32000
We expect “bearish” moods on the USD/CAD currency pair. One should consider selling by the mark of 1.31000-1.30900.
Forecast for the USDJPY currency pair
Chg. % for the last day: -0.40
Day range: 111.699 – 112.424
52-week range: 99.08 – 123.69
Yesterday, there was a high trading activity on the USD/JPY currency pair. The yen rose against the US dollar by more than 40 points. At the moment, the currency is testing the resistance level of 112.300.
The MACD histogram has started to rise and moved into the positive zone, indicating purchases of USD/JPY.
Stochastic Oscillator is near the overbought zone, the %K line crossed the %D line. Currently, there are no signals.
We recommend to pay attention to the news feed from the USA.
Support levels: 111.600
Resistance levels: 112.300, 113.100
Yesterday’s forecast proved to be quite accurate. If the price consolidates below the level of 112.000, be sure to look for entry points for opening short positions. The potential movement – to 111.600-111.500.