The Analytical Overview of the Main Currency Pairs on 2018.06.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.15989
  • Open: 1.16637
  • % chg. over the last day: +0.28
  • Day's range: 1.16284 – 1.16404
  • 52 wk range: 1.0571 – 1.2557

On Friday, an upward trend was observed on the EUR/USD currency pair. The US dollar weakened against the political tension and weak economic reports. The growth of quotes exceeded 70 points. At the moment, the technical pattern is ambiguous: the trading instrument is moving in flat. The key support and resistance levels are 1.16100 and 1.16600, respectively. We recommend opening positions from these marks.

The news feed on 2018.06.25:
  • - IFO business climate index in Germany at 11:00 (GMT+3:00);
  • - New home sales in the US at 17:00 (GMT+3:00).
EUR/USD

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

The MACD histogram is near the 0 mark.

Stochastic Oscillator is in the oversold zone, the %K line is below the %D line, which gives a weak signal to sell EUR/USD.

Trading recommendations
  • Support levels: 1.16100, 1.15700, 1.15200
  • Resistance levels: 1.16600, 1.17100, 1.17500

If the price fixes above 1.16600, the EUR/USD currency pair is expected to grow. The movement is tending to 1.17100-1.17300.

Alternative option. If the price fixes below 1.16100, we recommend looking for entry points to the market to open short positions. The target movement level is 1.15700-1.15500.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32291
  • Open: 1.32500
  • % chg. over the last day: -0.06
  • Day's range: 1.32210 – 1.32422
  • 52 wk range: 1.2361 – 1.4345

On Friday, there was a variety of trends on the GBP/USD currency pair. At the moment, quotes are consolidating. The key support and resistance levels are 1.32100 and 1.33600, respectively. The positions should be opened from these marks. The trading instrument has the potential for further reduce.

The news feed on the UK economy is calm.

GBP/USD

Indicators do not send accurate signals. The price has crossed 50 MA and 200 MA.

The MACD histogram is near the 0 mark.

Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which signals to sell GBP/USD.

Trading recommendations
  • Support levels: 1.32100, 1.31600, 1.31100
  • Resistance levels: 1.32600, 1.33100, 1.33700

If the price fixes below 1.32100, the GBP/USD quotes are expected to decline. The movement is tending to 1.31600-1.31400.

Alternative option. If the price fixes above the resistance of 1.32600, it is necessary to consider purchases of GBP/USD. The movement is tending to 1.33100-1.33300.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33125
  • Open: 1.33655
  • % chg. over the last day: -0.32
  • Day's range: 1.32655 – 1.32708
  • 52 wk range: 1.2059 – 1.3795

On Friday, there was a variety of trends on the USD/CAD currency pair. Canada published weak statistics on retail sales and inflation. In May, the core retail sales index fell by 0.1%. Experts expected the growth rate by 0.5%. The consumer price index slowed down to 0.1%. At the moment, the key support and resistance levels are 1.32700 and 1.33200, respectively. The positions should be opened from these marks.

The news feed on the economy of Canada is calm.

USD/CAD

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 below the %D line, which gives a signal to sell USD/CAD.

Trading recommendations
  • Support levels: 1.32700, 1.32200, 1.31700
  • Resistance levels: 1.33200, 1.33600, 1.34000

If the price fixes below the support of 1.32700, the USD/CAD currency pair is expected to decline. The movement is tending to 1.32200-1.32000.

Alternative option. If the price fixes above 1.33200, we recommend considering purchases of USD/CAD. The target movement level is 1.33600-1.33800.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.952
  • Open: 109.863
  • % chg. over the last day: -0.03
  • Day's range: 109.841 – 110.021
  • 52 wk range: 104.56 – 114.74

During the Asian trading session, aggressive sales of USD/JPY have been observed. Demand for the yen rose against the resumed political tension. At the moment, the trading instrument is testing local support and resistance levels: 109.400 and 109.600, respectively. The positions should be opened from these marks. Investors expect additional drivers.

The news feed on the economy of Japan is calm.

USD/JPY

The price has fixed below 50 MA and 200 MA, which indicates the power of sellers.

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

Stochastic Oscillator is leaving the oversold zone, the %K line is above the %D line, which gives a signal to buy USD/JPY.

Trading recommendations
  • Support levels: 109.400, 109.000
  • Resistance levels: 109.600, 109.900, 110.200

If the price fixes below the support of 109.400, further decrease of the USD/JPY currency pair is expected. The movement is tending to 109.000-108.700.

Alternative option. If the price fixes above the level of 109.600, we recommend considering purchases of USD/JPY. The target movement level is 109.900-110.200.

by JustForex, 2018.06.25

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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