The Analytical Overview of the Main Currency Pairs on 2018.06.22

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.15705
  • Open: 1.15989
  • % chg. over the last day: +0.28
  • Day's range: 1.16246 – 1.16411
  • 52 wk range: 1.0571 – 1.2557

There is an upward trend on the EUR/USD currency pair. During yesterday's and today's trading sessions, the growth of quotes has exceeded 130 points. At the moment, the key support and resistance levels are 1.16300 and 1.16800, respectively. We recommend opening positions from these marks. The trading instrument has the potential for further correction.

The news feed on 2018.06.22:
  • - The index of economic activity in the manufacturing sector in Germany at 10:30 (GMT+3:00);
  • - A number of economic activity indices in the Eurozone at 11:00 (GMT+3:00).
EUR/USD

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

The MACD histogram is located in the positive zone and above the signal line, which signals the bullish sentiment.

Stochastic Oscillator is in the overbought zone, the %K line is crossing the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.16300, 1.15800, 1.15300
  • Resistance levels: 1.16800, 1.17400, 1.18000

If the price fixes above 1.16800, the EUR/USD currency pair is expected to grow. The movement is tending to 1.17400-1.17600.

Alternative option. If the price fixes below 1.16300, we recommend looking for entry points to the market to open short positions. The target movement level is 1.15800-1.15600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31676
  • Open: 1.32291
  • % chg. over the last day: +0.55
  • Day's range: 1.32290 – 1.32497
  • 52 wk range: 1.2361 – 1.4345

There are aggressive purchases on the GBP/USD currency pair. During yesterday's and today's trading sessions, quotes have risen by more than 150 points. The Bank of England left the key interest rate unchanged at 0.50%. The Central Bank chief economist voted for rate rise. Demand for the pound has grown significantly. At the moment, the key support and resistance levels are 1.32600 and 1.33100, respectively. The positions should be opened from these marks. The trading instrument has the potential for further growth.

The news feed on the UK economy is calm.

GBP/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 and above the signal line, which gives a strong signal to buy GBP/USD.

Stochastic Oscillator is located in the overbought zone, the %K line is crossing the %D line. There are no accurate signals.

Trading recommendations
  • Support levels: 1.32600, 1.32100, 1.31600
  • Resistance levels: 1.33100, 1.33700, 1.34200

If the price fixes above the resistance of 1.33100, further growth of the GBP/USD quotes is expected. The movement is tending to 1.33700-1.33900.

Alternative option. If the price fixes below the support of 1.32600, it is necessary to consider sales of GBP/USD. The movement is tending to 1.32100-1.31900.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33029
  • Open: 1.33125
  • % chg. over the last day: +0.05
  • Day's range: 1.32861 – 1.32961
  • 52 wk range: 1.2059 – 1.3795

The technical pattern on the USD/CAD currency pair is ambiguous. At the moment, the trading instrument is moving in flat. Investors expect additional drivers. The key trading range is 1.32700-1.33200. Positions should be opened from the key support and resistance levels. We recommend paying attention to the news feed of Canada and the dynamics of oil quotes.

The news feed on 2018.06.22:
  • - Reports on inflation and retail sales in Canada at 15:30 (GMT+3:00).
USD/CAD

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

The MACD histogram has moved into the negative zone, which signals a possible correction of the USD/CAD currency pair.

Stochastic Oscillator is located in the oversold zone, the %K line has crossed the %D line. There are no accurate signals.

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

If the price fixes below the support of 1.32700, the USD/CAD currency pair is expected to correct. 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: 110.352
  • Open: 109.952
  • % chg. over the last day: -0.36
  • Day's range: 109.860 – 110.196
  • 52 wk range: 104.56 – 114.74

There is a variety of trends on the USD/JPY currency pair. At the moment, the key support and resistance levels are 109.900 and 110.200, respectively. The positions should be opened from these marks. Investors expect additional drivers. We recommend paying attention to the 10-year US government bonds yield.

The news feed on the economy of Japan is calm.

USD/JPY

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

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 in the neutral zone, the %K line is crossing the %D line. There are no accurate signals.

Trading recommendations
  • Support levels: 109.900, 109.600
  • Resistance levels: 110.200, 110.500, 110.800

If the price fixes above the level of 110.200, we recommend considering purchases of USD/JPY. The movement is tending to 110.500-110.800.

Alternative option. If the price fixes below the support of 109.900, the USD/JPY currency pair is expected to decline. The target movement level is 109.600-109.400.

by JustForex, 2018.06.22

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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