The Analytical Overview of the Main Currency Pairs on 2018.11.12

The EUR/USD currency pair

• Prev Open: 1.13629
• Open: 1.13223
• % chg. over the last day: -0.24
• Day's range: 1.12402 – 1.13304
• 52 wk range: 1.1299 – 1.2557

The EUR/USD currency pair is showing an aggressive sell-off. Today during the Asian trading session the quotes have fallen by more than 80 points. EUR has updated the annual minimums. At the moment, the local support and resistance levels are 1.12400 and 1.12800. The demand for the USD remains high. The trading instrument can descend further.

The indicators point towards the power of the buyers: the price is over 50 МА and 200 МА.

The MACD histogram is in the negative zone and below the signal line, which indicates a bearish mood.

The Stochastic Oscillator is in the overbought zone, the %K line is below the %D line, which gives a weak signal towards the sale of EUR/USD.

• Support levels: 1.12400, 1.12000
• Resistance levels: 1.12800, 1.13000, 1.13400

If the price fixes below the local support of 1.12400, we can expect further sales of the EUR/USD quotes. The movement will tend towards 1.12000.

Alternatively, the price fixes above 1.12800 and you should look for the market entry points to open long positions. The movement will tend towards 1.13000-1.13400.

The GBP/USD currency pair

• Prev Open: 1.30607
• Open: 1.29182
• % chg. over the last day: -0.65
• Day's range: 1.28403 – 1.29466
• 52 wk range: 1.2662 – 1.4378

The GBP/USD currency pair shows a negative trend. Today the descend of the quotes have exceeded 100 points. The trading instrument has updated the local maximums. At the moment, the key support and resistance levels are 1.28400 and 1.29000 respectively. Positions should be opened from these levels. We recommend you track the relevant data regarding Brexit.

The indicators show the buyer’s strength: the price fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone, below the signal line, which gives a strong signal towards the sale of GBP/USD.

The Stochastic Oscillator is in the overbought zone, the %L line crossed the %D line. There are no signals at the moment.

• Support levels: 1.28400, 1.27800
• Resistance levels: 1.29000, 1.29500, 1.30300

If the price fixes below the local support 1.28400, we can expect further descend of the GBP/USD currency pair. The movement will tend toward 1.28000-1.27800.

Alternatively, the quotes can recover to the mirror support level of 1.29500.

The USD/CAD currency pair

• Prev Open: 1.31552
• Open: 1.32034
• % chg. over the last day: +0.45
• Day's range: 1.31827 – 1.32113
• 52 wk range: 1.2248 – 1.3387

The USD/CAD is showing a bullish sentiment. At the moment, it is consolidating around the monthly maximums. Local support and resistance levels are 1.31800 and 1.32100 respectively. Positions should be opened from these levels. The USD/CAD quotes can grow further.

Today the Economic News Feed for 12.11.18 is calm.

The price fixed above 50 MA and 200 MA, which signals the buyers’ strength.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal towards the purchase of USD/CAD.

The Stochastic Oscillator is near the overbought zone, the %K line crosses the %D line. There are no precise signals.

• Support levels: 1.31800, 1.31450, 1.31200
• Resistance levels: 1.32100, 1.32300

If the price fixes above 1.32100, we recommend you look into purchasing USD/CAD. The movement will tend toward 1.32400-1.32600.

Alternatively, the USD/CAD currency pair can descend to 1.31600-1.31400.

The USD/JPY currency pair

• Prev Open: 114.057
• Open: 113.794
• % chg. over the last day: -0.20
• Day's range: 113.785 – 114.207
• 52 wk range: 104.56 – 114.74

The USD/JPY quotes show a positive trend. At the moment, the trading instrument is testing the local resistance 114.200. 113.800 is the nearest support. The demand for the USD is at the same level. The currency pair can grow further. We recommend you keep an eye on the US government bonds’ yield. Positions should be opened from the key levels.

Today the Economic News Feed for 12.11.18 is calm.

The price fixed above 50 MA and 200 MA, which indicates the buyers’ power.

The MACD histogram is in the positive zone and above the signal line, which provides a strong signal towards the purchase of USD/JPY.

The Stochastic Oscillator is in the neutral zone, the %L line is below the %D line, which indicates a bearish sentiment.

• Support levels: 113.800, 113.400, 113.000
• Resistance levels: 114.200, 114.500

If the price fixes above the support level 114.200, we can expect the growth of the quotes. The movement will tend toward 114.500-114.750.

Alternatively, the USD/JPY currency pair can descend toward 113.600-113.400.

by JMarkets, 2018.11.12

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.