The Analytical Overview of the Main Currency Pairs on 2018.06.27

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.17003
  • Open: 1.16457
  • % chg. over the last day: -0.46
  • Day's range: 1.16882 – 1.16951
  • 52 wk range: 1.0571 – 1.2557

During yesterday's trading session, the bearish sentiment was observed on the EUR/USD currency pair. The decrease in quotes exceeded 70 points. Demand for the US dollar has resumed. At the moment, the key support and resistance levels are 1.16400 and 1.16800, respectively. We recommend opening positions from these marks. The trading instrument has the potential for further reduce.

The news feed on 2018.06.27:
  • - Core durable goods orders in the US at 15:30 (GMT+3:00);
  • - Pending home sales index in the US at 17:00 (GMT+3:00).
EUR/USD

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

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.

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

Trading recommendations
  • Support levels: 1.16400, 1.16000, 1.15600
  • Resistance levels: 1.16800, 1.17200

If the price fixes below 1.16400, a further decline in the EUR/USD currency pair is expected. The movement is tending to 1.16000-1.15800.

Alternative option. If the price fixes above the 1.16800 mark, we recommend looking for entry points to the market to open long positions. The target movement level is 1.17200-1.17500.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32759
  • Open: 1.32200
  • % chg. over the last day: -0.43
  • Day's range: 1.32114 – 1.32339
  • 52 wk range: 1.2361 – 1.4345

Yesterday, a downward trend was observed on the GBP/USD currency pair. Quotes fell by more than 70 points. At the moment, the trading instrument is in a sideways trend. Investors expect additional drivers. The key support and resistance levels are 1.32000 and 1.32400, respectively. The positions should be opened from these marks.

Today, the news feed on the UK economy is calm. We recommend paying attention to the speech by the Bank of England governor Carney.

GBP/USD

Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell GBP/USD.

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: 1.32000, 1.31600, 1.31100
  • Resistance levels: 1.32400, 1.32800, 1.33300

If the price fixes below the round level of 1.32000, 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 1.32400, it is necessary to consider purchases of GBP/USD. The movement is tending to 1.32800-1.33000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32927
  • Open: 1.33002
  • % chg. over the last day: +0.05
  • Day's range: 1.32955 – 1.33193
  • 52 wk range: 1.2059 – 1.3795

The USD/CAD currency pair is still moving in a flat. Investors expect additional drivers. At the moment, the key support and resistance levels are 1.32900 and 1.33400, respectively. The positions should be opened from these marks. We recommend paying attention to the speech by the Bank of Canada governor Poloz, as well as to the dynamics of oil quotes.

The news feed on the economy of Canada is calm.

USD/CAD

Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.

The MACD histogram is in the positive zone and continues to rise, which signals to buy USD/CAD.

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

Trading recommendations
  • Support levels: 1.32900, 1.32400, 1.32000
  • Resistance levels: 1.33400, 1.33800

If the price fixes below the support of 1.32900, we recommend considering sales of USD/CAD. The movement is tending to 1.32400-1.32200.

Alternative option. If the price fixes above the 1.33400 mark, it is necessary to look for entry points to the market to open long positions. The target movement level is 1.33800-1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.747
  • Open: 110.014
  • % chg. over the last day: +0.31
  • Day's range: 109.715 – 109.758
  • 52 wk range: 104.56 – 114.74

Yesterday, there was the bullish sentiment on the USD/JPY currency pair, as the demand for the US dollar resumed. The growth of quotes exceeded 70 points. At the moment, the trading instrument is declining. The key support and resistance levels are 109.600 and 109.900, respectively. The positions should be opened from these marks.

The news feed on the economy of Japan is calm.

USD/JPY

Indicators do not send accurate signals: the price is testing 50 MA.

The MACD histogram is near the 0 mark.

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

Trading recommendations
  • Support levels: 109.600, 109.350
  • Resistance levels: 109.900, 110.200, 110.500

If the price fixes below the support of 109.600, we recommend considering sales of USD/JPY. The movement is tending to the round level of 109.000.

Alternative option. If the price fixes above the 109.900 mark, the USD/JPY currency pair is expected to rise. The target movement level is 110.200-110.500.

by JustForex, 2018.06.27

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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