The Analytical Overview of the Main Currency Pairs on 2019.01.30

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.14253
  • Open: 1.14303
  • % chg. over the last day: +0.03
  • Day's range: 1.14243 – 1.14497
  • 52 wk range: 1.1214 – 1.2557

EUR/USD keeps consolidating around 1.42000-1.14450. Investors are waiting for the Federal Reserve meeting and the US economic reports. It is expected that the Fed will keep the key interest rate around 2.25-2.50%, but earlier the regulator called for making the monetary policy more aggressive. Keep an eye on the comments and rhetorics by the Central Bank representatives.

The Economic News Feed for 30.01.2019:

  • - Preliminary Labour Market Report by ADP (US) – 15:15 (GMT+2:00);
  • - GDP Report (US) – 15:30 (GMT+2:00);
  • - Real Estate Unfinished Sales Index (US) – 15:30 (GMT+2:00);
  • - Federal Reserve Decision on Key Interest Rate (US) – 21:00 (GMT+2:00);
EUR/USD

There are no 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 below the %D line, which gives a signal to sell EUR/USD.

Trading recommendations
  • Support levels: 1.14200, 1.13900, 1.13700
  • Resistance levels: 1.14450, 1.15000

If the price fixes above 1.14450 the quotes will grow toward 1.14800-1.15000.

Alternatively the quotes can correct toward 1.13900-1.13700.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31520
  • Open: 1.30638
  • % chg. over the last day: -0.63
  • Day's range: 1.30605 – 1.31213
  • 52 wk range: 1.2438 – 1.4378

GBP/USD started to descend. The pound is under pressure due to the Brexit conundrum. The financial market participants are evaluating the new Brexit bill passed in the UK yesterday. The quotes are recovering around 1.30600-1.31300. You should open positions from these levels and keep an eye on the US News Feed.

The Economic News Feed for 30.01.2019 is calm.

GBP/USD

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the negative zone but above the signal line which gives a weak signal to sell GBP/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: 1.30600, 1.30000
  • Resistance levels: 1.31300, 1.32000, 1.32500

If the price fixes below 1.30600, the quotes are expected to fall towards 1.30000.

Alternatively they can grow toward 1.31800-1.32200.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32592
  • Open: 1.32669
  • % chg. over the last day: +0.06
  • Day's range: 1.32447 – 1.32812
  • 52 wk range: 1.2248 – 1.3664

The CAD keeps being traded in a flat. There is no single defined trend. The key support is 1.32400 and 1.32650. The key instrument has a tendency to recover. The investors are waiting for the federal reserve meeting. You should open the positions from the key levels.

The Economic News Feed for 30.01.2019 is calm.

USD/CAD

The indicators do not provide precise signals, the price has crossed 50 MA.

The MACD histogram is in the negative zone which indicates a bearish mood.

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

Trading recommendations
  • Support levels: 1.32400, 1.32200, 1.32000.
  • Resistance levels: 1.32650, 1.32850, 1.33150

If the price fixes below 1.32400 expect the quotes to fall further, at least to 1.32000.

Alternatively the quotes can grow toward 1.32800-1.33000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.317
  • Open: 109.254
  • % chg. over the last day: -0.03
  • Day's range: 109.211 – 109.441
  • 52 wk range: 104.56 – 114.56

Safe have currency keeps consolidating around 109.150-109.450. The quotes have a tendency to descend. Keep an eye on the economic reports and US Treasury bonds yield. Open positions from the key levels.

During the Asian trading session, Japan published positive retail sales reports.

USD/JPY

The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy USD/JPY.

Trading recommendations
  • Support levels: 109.150, 108.900, 108.700
  • Resistance levels: 109.400, 109.600, 109.850

If the price fixes below the local support of 109.150 expect the qutoes to fall toward 108.900-108.700.

Alternatively, they can correct toward 109.700-109.850.

by JustForex, 2019.01.30

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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