The EUR/USD currency pair
- Prev Open: 1.08521
- Open: 1.08804
- % chg. over the last day: +0.23
- Day's range: 1.08624 – 1.08827
- 52 wk range: 1.0879 – 1.1572
The EUR/USD currency pair is dominated by bullish moods. The trading instrument has renewed its local highs. The USA has published weak data on consumer confidence. Investors are concerned about the spread of the Covid-19 coronavirus outside China, which may lead to a serious decline in the global economy. At the moment, the trading instrument is consolidating in the range of 1.08600-1.08900. We expect economic reports from the USA. Positions should be opened from key levels. We also recommend you to pay attention to the speeches of ECB head and FOMC representatives.
The Economic News Feed for 26.02.2020:
- - At 17:00 (GMT+2:00) the US will published a report on new home sales;
The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy EUR/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also indicates a bullish sentiment.
- Support levels: 1.08600, 1.08300, 1.08150
- Resistance levels: 1.08900, 1.09250
If the price fixes above 1.08900, expect quotes to rise toward 1.09200-1.09400.
Alternatively, the quotes will descend toward 1.08300-1.08100.
The GBP/USD currency pair
- Prev Open: 1.29301
- Open: 1.30053
- % chg. over the last day: +0.57
- Day's range: 1.29765 – 1.30080
- 52 wk range: 1.1959 – 1.3516
GBP/USD quotes have moved up. In the course of yesterday's trading, GBP added more than 70 points in price against the U.S. dollar. The GBP/USD currency pair has set new local highs. At the moment the following key support and resistance levels can be identified at 1.29700 and 1.30150, respectively. The trading instrument has potential for further recovery. We recommend opening positions from key levels.
The Economic News Feed for 26.02.2020 is calm.
The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy GBP/USD.
The Stochastic Oscillator is located in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.
- Support levels: 1.29700, 1.29400, 1.29000
- Resistance levels: 1.30150, 1.30600
If the price fixes above the resistance level of 1.30150, further growth of GBP/USD quotes is expected to 1.30500-1.30800.
Alternatively, the quotes could descend toward 1.29400-1.29100.
Open AccountThe USD/CAD currency pair
- Prev Open: 1.32925
- Open: 1.32787
- % chg. over the last day: -0.10
- Day's range: 1.32740 – 1.32941
- 52 wk range: 1.2949 – 1.3566
USD/CAD currency pair is traded in flat. There is no defined trend. The CAD is testing local support and resistance levels: 1.32700 and 1.33050, respectively. The Canadian dollar continues to be under pressure from aggressive sales in the oil market. USD/CAD quotes have the upside potential. We recommend you to pay attention to the economic reports from the USA. Positions should be opened from key levels.
The Economic News Feed for 26.02.2020 is calm.
Indicators do not give accurate signals: the price has crossed 50 MA.
MACD histogram is near the 0 mark.
The Stochastic Oscillator is located in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.
- Support levels: 1.32700, 1.32450, 1.32250
- Resistance levels: 1.33050, 1.33400
If the price fixes above 1.33050, further growth of USD/CAD quotes is expected to 1.33400-1.33600.
Alternatively, the quotes could descend toward 1.32500-1.32300.
The USD/JPY currency pair
- Prev Open: 110.681
- Open: 110.196
- % chg. over the last day: -0.38
- Day's range: 110.134 – 110.579
- 52 wk range: 104.45 – 113.53
The USD/JPY currency pair continues to show negative dynamics. The trading instrument has updated the local lows again. The demand for safe haven currencies remains at a high level. Investors assess the risks of further coronavirus spreading from China. At the moment USD/JPY quotes are consolidating in the range of 110.000-110.600. The yen has a potential for further growth against greenback. We recommend you to pay attention to the dynamics of the US government securities yield. Positions should be opened from key levels.
The Economic News Feed for 26.02.2020 is calm.
The indicators signal the sellers' strength: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/JPY.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also indicates a bearish mood.
- Support levels: 110.000, 109.650
- Resistance levels: 110.600, 111.100, 111.600
If the price fixes below the round 110.000 level, USD/JPY quotes are expected to fall further to 109.700-109.400.
Alternatively, the quotes could grow toward 111.00-111.300.
by , 2020.02.26
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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