The Analytical Overview of the Main Currency Pairs on 2019.01.22

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13603
  • Open: 1.13644
  • % chg. over the last day: +0.02
  • Day's range: 1.13500 – 1.13636
  • 52 wk range: 1.1214 – 1.2557

EUR/USD overview

The Economic News Feed for 22.01.2019:

  • - Economic mood index ZEW (GER) – 12:00 (GMT+2:00);
  • - Secondary Real Estate Sales (US) – 17:00 (GMT+2:00).
EUR/USD

Indicator point to the power of the sellers, the price fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone, which gives a weak signal to sell EUR/USD

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the bullish mood.

Trading recommendations
  • Support levels: 1.13450, 1.13100
  • Resistance levels: 1.13750, 1.14100, 1.14500

If the price fixes below 1.13450 mark, consider selling EUR/USD. The movement will tend toward 1.13100-1.12900

Alternatively, the quotes can grow toward 1.14100-1.14300.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28766
  • Open: 1.28911
  • % chg. over the last day: +0.30
  • Day's range: 1.28832 – 1.28902
  • 52 wk range: 1.2438 – 1.4378

Yesterday GBP/USD was in a bullish mood. The GBP received support after Theresa May attempted to resolve the Brexit conundrum and asked the EU for more leniency. Right now the price is testing the key resistance at 1.29000, with the key support being 1.28600. You should open positions from these levels. The trading instrument has prospects for further growth.

At 11:30 (GMT +2:00) the UK will publish the Labour Market reports.

GBP/USD

The indicators do not provide precise signals, the price is testing 50 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is above %D line, which points to the bullish mood.

Trading recommendations
  • Support levels: 1.28600, 1.28200, 1.27700
  • Resistance levels: 1.29000, 1.29400, 1.29800

If the price fixes above 1.29000, consider opening long positions. The price will move toward 1.29400-1.29600.

Alternatively the quotes can fall toward 1.28200-1.28000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32597
  • Open: 1.32903
  • % chg. over the last day: +0.15
  • Day's range: 1.33267 – 1.33356
  • 52 wk range: 1.2248 – 1.3664

USD/CAD is in a bullish mood. Right now the key support and resistance levels are 1.33150 and 1.33400. You should open positions from these levels. The trading instrument has growth prospects. Keep an eye on the oil quotes dynamics.

The Economic News Feed for 22.01.2019 is calm.

USD/CAD

The price fixed above 50 MA and 200 MA which points to the power of the buyers.

The MACD histogram is in the positive zone and above the signal line, which gives a strong signal to buy USD/CAD.

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

Trading recommendations
  • Support levels: 1.33150, 1.32800, 1.32500
  • Resistance levels: 1.33400, 1.33700

If the price fixes above 1.33400, expect further growth toward 1.33700-1.34000.

Alternatively, the quotes can fall toward 1.32800-1.32500.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.695
  • Open: 109.651
  • % chg. over the last day: +0.00
  • Day's range: 109.417 – 109.478
  • 52 wk range: 104.56 – 114.56

USD/JPY has an ambiguous technical picture. The quotes are moving sideways. The investors are waiting for additional drivers. The key support and resistance levels are 109.300 and 109.600. You should open positions from these marks. Keep an eye on the US Treasury 10-year bonds yield.

The Economic News Feed for 22.01.2019 is calm.

USD/JPY

The price fixed between 50 MA and 200 MA which act as the dynamic support and resistance levels.

The MACD histogram is in the negative zone, which gives a weak signal to sell USD/JPY.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which points to a bullish mood.

Trading recommendations
  • Support levels: 109.300, 109.000, 108.700
  • Resistance levels: 109.600, 109.900

If the price fixes below 109.300, expect the USD/JPY quotes to fall toward 109.000.

Alternatively, the quotes can grow toward 109.900-110.100.

by JustForex, 2019.01.22

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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