The Analytical Overview of the Main Currency Pairs on 2018.09.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.17401
  • Open: 1.17479
  • % chg. over the last day: +0.03
  • Day's range: 1.17308 – 1.17621
  • 52 wk range: 1.0571 – 1.2557

There is an ambiguous technical pattern on the EUR/USD currency pair. The trading instrument is moving in the flat. A unidirectional trend is not observed. Local levels of support and resistance are 1.17400 and 1.17700, respectively. Demand for the euro is supported by the positive comments by the ECB head Draghi. The official expects the acceleration of inflation in the coming months. The EUR/USD quotes are tending to grow. We recommend opening positions from the key levels.

The news feed on 2018.09.25:
  • At 17:00 (GMT+3:00) we expect the consumer confidence index in the US.
EUR/USD

Indicators do not send accurate signals. The price has crossed 50 MA.

The MACD histogram is near the 0 mark.

Stochastic Oscillator is located in the neutral zone, the %K line is above the %D line, which signals the purchase of EUR/USD.

Trading recommendations
  • Support levels: 1.17400, 1.17100, 1.16700
  • Resistance levels: 1.17700, 1.18000

If the price fixes above the resistance level of 1.17700, further growth of the EUR/USD quotes is expected. The movement is tending to 1.18000-1.18250.

An alternative may be the reduction of the EUR/USD currency pair to 1.17100-1.17000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30749
  • Open: 1.31191
  • % chg. over the last day: +0.28
  • Day's range: 1.31014 – 1.31229
  • 52 wk range: 1.2361 – 1.4345

Currently, GBP/USD is consolidating. The technical pattern is ambiguous. The key range is 1.31000-1.31350. The pound remains under pressure amid uncertainty over the Brexit. The GBP/USD quotes are tending to decline. We recommend opening positions from the key levels.

The news feed on the UK economy is calm.

GBP/USD

Indicators do not send accurate signals: 50 MA has crossed 200 MA.

The MACD histogram is located near the 0 mark.

Stochastic Oscillator is moving from the oversold zone, the %K line is above the %D line, which indicates the growth of GBP/USD.

Trading recommendations
  • Support levels: 1.31000, 1.30600, 1.30300
  • Resistance levels: 1.31350, 1.31650, 1.32000

If the price falls below the round of 1.31000, GBP/USD is expected to fall. The movement is tending to 1.30600-1.30300.

An alternative may be the correction of the GBP/USD currency pair to the level of 1.31650-1.32000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29243
  • Open: 1.29544
  • % chg. over the last day: +0.27
  • Day's range: 1.29441 – 1.29661
  • 52 wk range: 1.2059 – 1.3795

The USD/CAD currency pair has begun to recover after a significant fall in the past two weeks. At the moment, quotes are testing the local offer zone of 1.29600-1.29800. The mark of 1.29300 is already a "mirror" support. The trading instrument is tending to grow. Positions must be opened from the key levels. We recommend you to keep track of current information regarding the NAFTA negotiations.

The news feed on Canada's economy is calm.

USD/CAD

The price has fixed between 50 MA and 200 MA, which act as strong dynamic levels of support and resistance.

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

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

Trading recommendations
  • Support levels: 1.29300, 1.28900
  • Resistance levels: 1.29600, 1.29800, 1.30150

If the price fixes above 1.29600, further growth of the USD/CAD quotes is expected. The movement is tending to 1.30000-1.30150.

Alternative option. If the price fixes below the "mirror" support of 1.29300, you need to look for entry points to the market to open short positions. The target level of movement is tending to 1.29000-1.28800.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 112.422
  • Open: 112.749
  • % chg. over the last day: +0.22
  • Day's range: 112.745 – 112.978
  • 52 wk range: 104.56 – 114.74

USD/JPY continues to show positive dynamics. At the moment, the quotes are testing the offer zone of 112.850-113.000. The key support is 112.600. The trading instrument is tending to growth. We recommend paying attention to the yield of the US government bonds. Positions must be opened from the key levels.

Investors expect economic reports from the United States.

USD/JPY

The price has fixed above 50 MA and 200 MA, which signals the power of buyers.

The MACD histogram is located in the positive zone and above the signal line, which gives a strong signal to buy USD/JPY.

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also indicates the growth of USD/JPY.

Trading recommendations
  • Support levels: 112.600, 112.400, 112.100
  • Resistance levels: 113.000, 113.500

If the price fixes above the round level of 113,000, further growth of USD/JPY is expected. The movement is tending to 113.400-113.600.

An alternative may be reduction of the USD/JPY currency pair to 112.600-112.400.

by JustForex, 2018.09.25

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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