The Analytical Overview of the Main Currency Pairs on 2018.06.15

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.17911
  • Open: 1.15664
  • % chg. over the last day: -1.93
  • Day's range: 1.15430 – 1.15688
  • 52 wk range: 1.0571 – 1.2557

Yesterday, there were aggressive sales on the EUR/USD currency pair. The euro is under pressure after the ECB meeting, at which the regulator left interest rates at the same level. The speech by Mario Draghi, President of the European Central Bank, also hit the euro. The official said that the slowdown in the economic recovery in the Eurozone was not temporary, but also reached a global level. The ECB lowered the forecast for economic growth in the Eurozone from 2.4% to 2.1% this year. The decrease in the EUR/USD quotes exceeded 250 points. At the moment, the trading instrument is recovering. Local support and resistance levels are 1.15650 and 1.16100, respectively. We recommend opening positions from these marks.

The news feed on 2018.06.15:
  • - The consumer price index in the Eurozone at 12:00 (GMT+3:00).
EUR/USD

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 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: 1.15650, 1.15000
  • Resistance levels: 1.16100, 1.16600, 1.17200

If the price fixes above the resistance of 1.16100, the EUR/USD quotes correction is expected. The movement is tending to 1.16600-1.16800.

Alternative option. If the price fixes below 1.15650, we recommend considering sales. The target movement level is the round level of 1.15000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33704
  • Open: 1.32604
  • % chg. over the last day: -0.90
  • Day's range: 1.32570 – 1.32670
  • 52 wk range: 1.2361 – 1.4345

Yesterday, there were aggressive sales on the GBP/USD currency pair against the strengthening of the US dollar. The decrease in quotes was almost 200 points. Yesterday positive statistics were published from the UK, but the British pound weakened. So, the volume of retail sales in the UK increased in May by 1.3% instead of the forecasted value of 0.5%. At the moment, the key support and resistance levels are 1.32300 and 1.32700. The positions should be opened from these marks. In the near future, technical correction is not ruled out.

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

GBP/USD

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 GBP/USD.

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

Trading recommendations
  • Support levels: 1.32300, 1.31800
  • Resistance levels: 1.32700, 1.33100, 1.33600

If the price fixes above 1.32700, the GBP/USD correction is expected. The movement is tending to 1.33100-1.33300.

Alternative option. If the price fixes below the support of 1.32300, we recommend considering sales of GBP/USD. The movement is tending to 1.31800-1.31600.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29796
  • Open: 1.30937
  • % chg. over the last day: +1.00
  • Day's range: 1.31347 – 1.31538
  • 52 wk range: 1.2059 – 1.3795

Yesterday, aggressive purchases were observed on the USD/CAD currency pair. Demand for the US currency is supported by optimistic economic data from the US. The growth of quotes was almost 200 points. At the moment, the key support and resistance levels are 1.31100 and 1.31600, respectively. The positions should be opened from these marks.

The news feed on the economy of Canada is calm.

USD/CAD

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 USD/CAD.

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: 1.31100, 1.30600, 1.30000
  • Resistance levels: 1.31600, 1.32000

If the price fixes below 1.31100, the USD/CAD currency pair correction is expected. The movement is tending to 1.30600-1.30400.

Alternative option. If the price fixes above 1.31600, the USD/CAD quotes are expected to rise. The target movement level is 1.32000-1.32200.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.318
  • Open: 110.627
  • % chg. over the last day: +0.26
  • Day's range: 110.576 – 110.693
  • 52 wk range: 104.56 – 114.74

Yesterday, the bullish sentiment prevailed on the USD/JPY currency pair. At the moment, quotes are decreasing. The technical pattern is ambiguous. The key support and resistance levels are 110.400 and 110.700, respectively. The positions should be opened from these marks. We recommend paying attention to the US government bonds yield.

Today, the Bank of Japan, as expected, has kept the key interest rate at the previous level of -0.10%.

USD/JPY

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 USD/JPY.

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

Trading recommendations
  • Support levels: 110.400, 110.100, 109.800
  • Resistance levels: 110.700, 110.900

If the price fixes below the support of 110.400, the USD/JPY currency pair is expected to decrease. The target movement is 110.100-109.800.

Alternative option. If the price fixes above 110.700, it is necessary to look for entry points to the market to open long positions. The movement is tending to 111.000-111.200.

by JustForex, 2018.06.15

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.

Nhận phân tích miễn phí

* trường bắt buộc