The Analytical Overview of the Main Currency Pairs on 2019.02.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13330
  • Open: 1.13322
  • % chg. over the last day: -0.06
  • Day's range: 1.13282 – 1.13587
  • 52 wk range: 1.1214 – 1.2557

EUR keeps trading in a long flat. The market participants are waiting for addtional drivers. The negotiations between the Washington and Beijing remain in the spotlight. On Sunday, Donald Trump claimed that he is ready postpote the increase of the fee on Chinese wares after productive negotiations. Keep and eye on the subject and open positions from the key levels of 1.13400 and 1.13650.

The Economic News Feed for 25.02.2019 is calm.

EUR/USD

The indicators do not provide precise signals, the price is consolidating next to 50 MA and 200 MA, which act as dynamic support and resistance levels.

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

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

Trading recommendations
  • Support levels: 1.13400, 1.13200, 1.13000
  • Resistance levels: 1.13650, 1.14000

If the price fixes at the 1.13650 level. expect the quotes to grow toward the round 1.14000.

Alternatively, the quotes can descend toward 1.13200-1.13000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30251
  • Open: 1.30704
  • % chg. over the last day: +0.11
  • Day's range: 1.30439 – 1.30991
  • 52 wk range: 1.2438 – 1.4378

GBP/USD remains ambiguous. There is no defined trend, the investors are closely watching the Brexit situation. The British government reviews different options to postpone the separation, should Theresa May fail to reach an aggreement until March 12. The GBP/USD quotes are testing the 1.31000. 1.30400 acts as the key support. You should open positions from these levels.

Keep an eye on the statements by the Head of the Bank of England.

GBP/USD

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 keeps rising, which points to the bullish mood.

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

Trading recommendations
  • Support levels: 1.30400, 1.29800, 1.29400
  • Resistance levels: 1.31000, 1.31500

If the price fixes above the round 1.31000, expect the quotes to grow toward 1.31400-1.31600.

Alternatively, GBP/USD can correct toward 1.30200-1.29800.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32252
  • Open: 1.31342
  • % chg. over the last day: -0.72
  • Day's range: 1.31216 – 1.31455
  • 52 wk range: 1.2248 – 1.3664

USD/CAD started to descend. The demand for the commodity currencies grew due to the progress in the US/China negotiations. On Friday, February 22, CAD strengthened against the USD by 100 points and updated the key extremums. The quotes are testing the key support of 1.31250 with 1.31600 acting as the mirror resistance. The quotes have prospects for further descend, you should open positions from the key levels.

The Economic News Feed for 25.02.2019 is calm.

USD/CAD

The indicators point to the power of the buyers: the price fixed above 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 USD/CAD.

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

Trading recommendations
  • Support levels: 1.31250, 1.30750
  • Resistance levels: 1.31600, 1.32000, 1.32400

If the price fixes below the local support of 1.31250, expect the quotes to fall toward 1.30800-1.30600.

Alternatively, the quotes can grow toward 1.31800-1.32000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.689
  • Open: 110.650
  • % chg. over the last day: -0.01
  • Day's range: 110.577 – 110.861
  • 52 wk range: 104.56 – 114.56

USD/JPY keeps moving in a flat. The technical picture is ambiguous. The financial market participants are waiting for additional drivers. The quotes are testing the support and resistance levels of 110.600 and 110.850 and have a tendency to descend. Keep an eye on the US Treasury bonds yield and open positions from the key levels.

The Economic News Feed for 25.02.2019 is calm.

USD/JPY

The indicators provide no signals, the price has crossed over 50 MA and 200 MA.

The MACD histogram is in the negative zone, which points to the bullish mood.

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: 110.600, 110.450, 110.250
  • Resistance levels: 110.850, 111.100, 111.500

If the price fixes below 110.600, expect the quotes to move toward 110.400-110.250.

Alternatively, the quotes can correct toward 111.100-111.400.

by JustForex, 2019.02.25

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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