The Analytical Overview of the Main Currency Pairs on 2018.09.19

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.16827
  • Open: 1.16627
  • % chg. over the last day: -0.04
  • Day's range: 1.16732 – 1.17050
  • 52 wk range: 1.0571 – 1.2557

The technical pattern on the EUR/USD currency pair is ambiguous. Investors expect additional drivers. At the moment, the key support and resistance levels are 1.16750 and 1.17100, respectively. We recommend opening positions from these marks. The euro has the potential for further growth.

The news feed on 2018.09.19:
  • - Statistics on the real estate market in the US at 15:30 (GMT+3:00).

We also recommend paying attention to the speech by the ECB president Draghi.

EUR/USD

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

The MACD histogram is near the 0 mark. There are no signals.

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

Trading recommendations
  • Support levels: 1.16750, 1.16400, 1.16000
  • Resistance levels: 1.17100, 1.17400

If the price fixes below 1.16750, the EUR/USD quotes are expected to decline. The movement is tending to 1.16400-1.16000.

An alternative may be the further growth of the EUR/USD currency pair to the level of 1.17400-1.17600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31328
  • Open: 1.31469
  • % chg. over the last day: +0.07
  • Day's range: 1.31470 – 1.31758
  • 52 wk range: 1.2361 – 1.4345

There is a variety of trends on the GBP/USD currency pair. At the moment, the technical pattern is ambiguous. The trading instrument is in a sideways trend. The GBP/USD quotes are testing local support and resistance levels: 1.31300 and 1.31700, respectively. The positions should be opened from these marks.

At 11:30 (GMT+3:00), the consumer price index will be published in the UK.

GBP/USD

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

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

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates an increase in quotes.

Trading recommendations
  • Support levels: 1.31300, 1.31000, 1.30600
  • Resistance levels: 1.31700, 1.32000

If the price fixes above the resistance level of 1.31700, the GBP/USD quotes are expected to rise. The movement is tending to 1.32000-1.32200.

An alternative may be the decrease of the GBP/USD currency pair to 1.31000-1.30600.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30330
  • Open: 1.29783
  • % chg. over the last day: -0.54
  • Day's range: 1.30312 – 1.30373
  • 52 wk range: 1.2059 – 1.3795

The bearish sentiment is observed on the USD/CAD currency pair. At the moment, quotes are testing local support of 1.29500. A mark of 1.29800 is already a "mirror" resistance. We recommend opening positions from these marks. The trading instrument has the potential for further reduce.

The news feed on the economy of Canada is calm.

USD/CAD

Indicators point to the power of sellers: the price is being traded below 50 MA and 200 MA.

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

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

Trading recommendations
  • Support levels: 1.29500, 1.29000
  • Resistance levels: 1.29800, 1.30200, 1.30600

If the price fixes below the support of 1.29500, the USD/CAD quotes are expected to decline. The movement is tending to the round level of 1.29000.

Alternative option. If the price fixes above 1.29800, it is necessary to consider purchases of USD/CAD. The target movement level is 1.30200-1.30600.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.839
  • Open: 112.354
  • % chg. over the last day: +0.39
  • Day's range: 112.348 – 112.388
  • 52 wk range: 104.56 – 114.74

Yesterday, the bullish sentiment was observed on the USD/JPY currency pair. At the moment, quotes are consolidating. Local support and resistance levels are 112.250 and 112.500, respectively. The positions should be opened from these marks. Investors expect additional drivers. In the near future, technical correction is not ruled out.

The Bank of Japan has kept the main marks of monetary policy at the same level.

USD/JPY

Indicators point to the power of buyers: the price is being traded above 50 MA and 200 MA.

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

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

Trading recommendations
  • Support levels: 112.250, 111.900, 111.600
  • Resistance levels: 112.500, 112.800

If the price fixes above the resistance level of 112.500, further growth of the USD/JPY quotes is expected. The movement is tending to 112.800-113.000.

Alternative option. If the price fixes below the already "mirror" support of 112.250, we recommend looking for entry points to the market to open short positions. The target movement level is 111.900-111.600.

by JustForex, 2018.09.19

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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