The Analytical Overview of the Main Currency Pairs on 2018.06.26

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.16637
  • Open: 1.17003
  • % chg. over the last day: +0.34
  • Day's range: 1.16882 – 1.16951
  • 52 wk range: 1.0571 – 1.2557

During yesterday's trading session, the euro strengthened against the US dollar. The EUR/USD quotes rose by more than 70 points. The US dollar weakened against the resumed political tension. At the moment, the technical pattern is ambiguous: the trading instrument is in a sideways trend. The key support and resistance levels are 1.16700 and 1.17100, respectively. We recommend opening positions from these marks.

The news feed on 2018.06.26:
  • - CB consumer confidence index in the US at 17:00 (GMT+3:00).
EUR/USD

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

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

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

Trading recommendations
  • Support levels: 1.16700, 1.16200, 1.15700
  • Resistance levels: 1.17100, 1.17500, 1.18000

If the price fixes above the resistance of 1.17100, the EUR/USD currency pair is expected to grow. The movement is tending to 1.17500-1.17700.

Alternative option. If the price fixes below 1.16700, we recommend looking for entry points to the market to open short positions. The target movement level is 1.16500-1.16300.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32500
  • Open: 1.32759
  • % chg. over the last day: +0.12
  • Day's range: 1.32649 – 1.32831
  • 52 wk range: 1.2361 – 1.4345

The technical pattern on the GBP/USD currency pair is ambiguous. At the moment, quotes are in a sideways trend. Investors expect additional drivers. The key support and resistance levels are 1.32600 and 1.33100, respectively. The positions should be opened from these marks.

Today, the publication of important news from the UK is not expected.

GBP/USD

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

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

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: 1.32600, 1.32100, 1.31600
  • Resistance levels: 1.33100, 1.33700, 1.34300

If the price fixes below the already "mirror" support of 1.32600, the GBP/USD quotes are expected to decline. The movement is tending to 1.32100-1.31800.

Alternative option. If the price fixes above the resistance of 1.33100, it is necessary to consider purchases of GBP/USD. The movement is tending to 1.33500-1.33700.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33655
  • Open: 1.32927
  • % chg. over the last day: +0.14
  • Day's range: 1.32869 – 1.32972
  • 52 wk range: 1.2059 – 1.3795

The USD/CAD currency pair is still in a sideways trend. Investors expect additional drivers. At the moment, the key support and resistance levels are 1.32700 and 1.33200, respectively. The positions should be opened from these marks. We recommend paying attention to the dynamics of oil quotes.

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 crossing the %D line. There are no accurate signals.

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, we recommend considering sales of USD/CAD. The movement is tending to 1.32200-1.32000.

Alternative option. If the price fixes above the 1.33200 mark, it is necessary to look for entry points to the market to open long positions. The target movement level is 1.33600-1.33800.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.863
  • Open: 109.747
  • % chg. over the last day: -0.27
  • Day's range: 109.619 – 109.720
  • 52 wk range: 104.56 – 114.74

Yesterday, there was a variety of trends on the USD/JPY currency pair. Demand for the yen rose against the resumed political tension. At the moment, the key support and resistance levels are 109.500 and 109.800, 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, but above the signal line, which gives a weak signal to sell USD/JPY.

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

Trading recommendations
  • Support levels: 109.500, 109.000
  • Resistance levels: 109.800, 110.100, 110.400

If the price fixes below the support of 109.500, the USD/JPY currency pair is expected to decline. The movement is tending to the round level of 109.000.

Alternative option. If the price fixes above the level of 109.800, we recommend considering purchases of USD/JPY. The target movement level is 110.100-110.400.

by JustForex, 2018.06.26

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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