The Analytical Overview Of The Main Currency Pairs

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The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.15163
Open: 1.14638
% chg. over the last day: -0.40
Day’s range: 1.14392 – 1.14687
52 wk range: 1.1299 – 1.2557

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Yesterday, the bearish sentiment prevailed on the EUR/USD currency pair. The euro is under pressure due to uncertainty over the Italian budget. Drop in quotes exceeded 60 points. Trading instrument has updated local lows. At the moment, the euro is consolidating in the range of 1.14500-1.14750. The EUR/USD quotes have the potential for further decline.

Today, the news feed is calm.



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 indicates the EUR/USD quotes growth.

Trading recommendations

Support levels: 1.14500, 1.14000
Resistance levels: 1.14750, 1.15000, 1.15250

If the price fixes below the local support level of 1.14500, a further fall in the EUR/USD quotes is expected. The movement is tending to the round level of 1.14000.

Alternative option. If the price fixes above the 1.14750 mark, it is necessary to look for entry points to the market to open long positions. The movement is tending to 1.15000-1.15250.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.30660
Open: 1.29567
% chg. over the last day: -0.77
Day’s range: 1.29369 – 1.29763
52 wk range: 1.2662 – 1.4378

The GBP/USD currency pair continues to show negative dynamics. During yesterday’s trading session, the pound weakened against the US dollar by more than 100 points. The UK currency is under pressure due to uncertainty over the Brexit issue. At the moment, the GBP/USD quotes are in a sideways trend. The key range is 1.29500-1.29900. Trading instrument has the potential for further decline.

We recommend paying attention to the speech by the Bank of England governor Carney.



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 in the neutral zone, the %K line is above the %D line, which indicates the GBP/USD quotes growth.

Trading recommendations

Support levels: 1.29500, 1.29000
Resistance levels: 1.29900, 1.30200, 1.30750

If the price fixes below the support level of 1.29500, a further fall in the GBP/USD currency pair is expected. The movement is tending to the round level of 1.29000.

Alternative option. If the price fixes above the level of 1.29900, it is necessary to consider purchases of GBP/USD. The movement is tending to 1.30200-1.30400.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.30894
Open: 1.30963
% chg. over the last day: -0.04
Day’s range: 1.30877 – 1.31145
52 wk range: 1.2248 – 1.3387

Since the beginning of this week, the USD/CAD currency pair has being traded in a flat. Unidirectional trend is not observed. The USD/CAD quotes are testing local support and resistance levels: 1.30800 and 1.31200, respectively. In the near future technical correction is not excluded. Investors took a wait-and-see attitude before the Bank of Canada meeting.

Today, the news feed on the economy of Canada is calm.



Indicators do not send accurate signals. The price is testing 50 MA, which acts as dynamic support.

The MACD histogram is near the 0 mark.

Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.

Trading recommendations

Support levels: 1.30800, 1.30300, 1.30000
Resistance levels: 1.31200, 1.31500

If the price fixes above the resistance level of 1.31200, the USD/CAD currency pair growth is expected. The movement is tending to 1.31500-1.31700.

Alternative option. If the price fixes below 1.30800, a correctional movement is expected. The target level for profit taking is 1.30400-1.30200.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 112.804
Open: 112.364
% chg. over the last day: +0.26
Day’s range: 112.306 – 112.840
52 wk range: 104.56 – 114.74

The USD/JPY currency pair has been declining. During the Asian trading session, the drop in prices was almost 50 points. At the moment, the “safe haven” currency is testing the mirror support level of 112.350. The local resistance is the 112.650 mark. Positions should be opened from these marks. We recommend paying attention to the US government bonds yield.

The news feed on the economy of Japan is calm.



Indicators do not send accurate signals: the price has fixed between 50 MA and 200 MA.

The MACD histogram has moved to the negative zone, which indicates the power of sellers.

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

Trading recommendations

Support levels: 112.350, 112.000, 111.650
Resistance levels: 112.650, 112.900, 113.250

If the price fixes below 112.350, a further fall in the USD/JPY quotes is expected. The movement is tending to 112.000-111.700.

An alternative may be the growth of the USD/JPY currency pair to the round level of 113.000.
 
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