Currency pair EUR / USD
Technical indicators for the currency pair:
Previous open: 1.17848
Open: 1.18333
% chg. during the last day: +0.39
Day interval: 1.18007 – 1.18391
52 wk range: 1.0637 – 1.1967
The US dollar continues to show a number of trends against its biggest competitors. EUR / USD bids are consolidated. Currently, the local support and resistance levels are 1.1800 and 1.1845, respectively. Financial market participants expect a speech by the Fed chairman at the annual symposium in Jackson Hole, held Aug. 27-28. The U.S. Commodity Order Report is the most important event today. We recommend opening positions from key level.
The news feed on 2020.08.26:
Data on orders for durable goods in the US at 15:30 (GMT + 3: 00).
Indicators do not give accurate signals: the price has crossed 50 MA and 100 MA.
MACD histogram is close to 0.
Stochastic oscillator is in the oversold zone,% K line has crossed% D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.1800, 1.1785, 1.1755
Resistance levels: 1.1845, 1.1885, 1.1920
If pricing is below 1.1800, EUR / USD rates are expected to fall. The movement is prone to 1.1760-1.1740.
An alternative may be the growth of the EUR / USD currency pair to 1.1880-1.1900.
GBP / USD currency pair
Technical indicators for the currency pair:
Previous open: 1.30558
Open: 1.31429
% chg. during the last day: +0.67
Day range: 1.31255 – 1.31593
52 wk range: 1.1409 – 1.3516
The technical pattern of the GBP / USD currency pair is still ambiguous. The British pound is consolidating. Investors expect additional drivers. Currently, local support and resistance levels are 1.3115 and 1.3160, respectively. GBP / USD deals may be declining. Today, we recommend paying attention to financial releases from the United States. Positions must be opened from key level.
The news feed on the UK economy is calm.
Indicators do not give accurate signals: The price tests 50 MA.
The MACD histogram is in the positive zone but below the signal line, giving a weak signal to buy GBP / USD.
Stochastic oscillator is in the neutral zone,% K line is above line% D, indicating the bullish signal.
Trading recommendations
Support levels: 1.3115, 1.3075, 1.3050
Resistance levels: 1.3160, 1.3200, 1.3245
If pricing is below 1.3115, GBP / USD rates are expected to fall. The movement is prone to 1.3075-1.3050.
An alternative could be the growth of the GBP / USD currency pair to 1.3200-1.3230.
Currency pair USD / CAD
Technical indicators for the currency pair:
Previous open: 1.32161
Open: 1.31689
% chg. the last day: -0.36
Day interval: 1.31593 – 1.31914
52 wk range: 1.2949 – 1.4669
Loonie is still sold in an apartment with a fairly wide range. There is no defined trend. Currently, local support and resistance levels are 1.3160 and 1.3200, respectively. Investors have taken a wait-and-see stance before the Jackson Hole symposium. We recommend paying attention to the dynamics of the prices of “black gold”. Positions must be opened from key level.
The news feed on Canada’s economy is calm.
Indicators do not give accurate signals: 50 MA has crossed 100 MA.
The MACD histogram is in the negative zone but above the signal line, giving a weak signal to sell USD / CAD.
Stochastic oscillator is in overbought zone,% K line has crossed% D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.3160, 1.3135, 1.3100
Resistance levels: 1.3200, 1.3230, 1.3245
If pricing is above 1.3200, USD / CAD purchases should be considered. The movement tends to 1.3230-1.3250.
An alternative could be a fall in the USD / CAD currency pair to 1.3135-11.3100.
Currency pair USD / JPY
Technical indicators for the currency pair:
Previous open: 105969
Open: 106,362
% chg. during the last day: +0.37
Day range: 106.251 – 106.556
52 wk range: 101.19 – 112.41
USD / JPY deals have become stable. The trading instrument is currently being consolidated. Local support and resistance levels are 106.20 and 106.55, respectively. Financial market participants expect additional drivers. Further growth in the USD / JPY pair is possible. Positions must be opened from key level.
The release of major economic releases from Japan is not planned.
Indicators signal buyers’ power: The price has been above 50 MA and 100 MA.
MACD histogram is in the positive zone but below the signal line, giving a weak signal to buy USD / JPY.
Stochastic oscillator is in the oversold zone,% K line has crossed% D line. There are no signals at the moment.
Trading recommendations
Support levels: 106.20, 106.00, 105.70
Resistance levels: 106.55, 106.80, 107.00
If the price is set above 106.55, further growth of USD / JPY offers is expected. The movement tends to the round level of 107.00.
An alternative could be a fall in the USD / JPY pair to 105.90-105.70.