The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.10473
Open: 1.10432
% chg. over the last day: -0.02
Day’s range: 1.10363 – 1.10557
52 wk range: 1.0931 – 1.1817

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The EUR/USD currency pair continues to trade in a flat. The technical picture is ambiguous. The key support and resistance levels are: 1.10200 and 1.10600, respectively. Participants in financial markets took a wait and see attitude before the ECB meeting, which will be held on September 12. Experts predict that the regulator will take a number of measures to stimulate the economy. Today we expect important economic releases from the USA. We recommend opening positions from key levels.

At 15:30 (GMT+3:00), the US will publish a manufacturer’s price index.

Indicators do not give accurate signals: 50 MA crossed 100 MA.

The MACD histogram is located near 0 mark.

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

Trading recommendations

Support levels: 1.10200, 1.09900, 1.09600
Resistance levels: 1.10600, 1.10850, 1.11150

If the price consolidates above 1.10600, expect further growth toward 1.11000.

Alternatively, the quotes can descend toward 1.09900-1.09700.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.23431
Open: 1.23447
% chg. over the last day: +0.03
Day’s range: 1.23405 – 1.23676
52 wk range: 1.1995 – 1.3385

The GBP/USD currency pair has stabilized after a long rally since the beginning of this month. The pound is currently consolidating. GBP/USD quotes are testing the local support and resistance levels at 1.23150 and 1.23800, respectively. We do not exclude further growth of the trading instrument. Additional support for sterling is provided by positive data on the labor market. Today we recommend paying attention to the news background from the USA. Positions must be opened from key levels.

The Economic News Feed for 11.09.2019:

Indicators point to 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 in the neutral zone, the %K line is above the %D line, which also indicates bullish sentiment.

Trading recommendations

Support levels: 1.23150, 1.22550, 1.22100
Resistance levels: 1.23800, 1.24400

If the price consolidates above 1.23800, expect further growth toward 1.24200-1.24400.

Alternatively, the quotes can drop toward 1.22600-1.22400.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.31654
Open: 1.31528
% chg. over the last day: -0.18
Day’s range: 1.31398 – 1.31528
52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair continues to consolidate near two-month lows. Unidirectional trends are not observed. Investors expect additional drivers. At the moment, the local support and resistance levels are: 1.31350 and 1.31650, respectively. In the near future, technical correction of the trading instrument is not ruled out. Today we recommend that you pay attention to economic data from the United States, as well as the dynamics of oil prices. Positions must be opened from key levels.

The Economic News Feed for 11.09.2019 is calm.

The price fixed below 50 MA and 100 MA, which signals the strength of sellers.

The MACD histogram is in the negative zone, which also indicates a bearish sentiment.

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

Trading recommendations

Support levels: 1.31350, 1.31000
Resistance levels: 1.31650, 1.31900, 1.32250

If the price consolidates below 1.31350, expect a further drop toward 1.31000-1.30800.

Alternatively, the quotes can recover toward 1.32000.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 107.241
Open: 107.538
% chg. over the last day: +0.33
Day’s range: 107.492 – 107.847
52 wk range: 104.97 – 114.56

The USD/JPY currency pair still demonstrates a pronounced upward trend. The yen hit 5-week lows against the US currency. Demand for safe assets remains low. At the moment, USD/JPY quotes are testing a local resistance of 107.850. Mark 107.500 is already a mirror support. A trading instrument has the potential for further growth. We recommend that you pay attention to the dynamics of yield on US government bonds. Positions must be opened from key levels.

The Economic News Feed for 11.09.2019 is calm.

Indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.

The MACD histogram is in the positive zone and above the signal line, indicating bullish sentiment.

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

Trading recommendations

Support levels: 107.500, 107.150, 106.850
Resistance levels: 107.850, 108.250

If the price consolidates above 107.850, expect further growth toward 108.200-108.400.

Alternatively, the quotes could drop toward 107.300-107.100.

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