The Analytical Overview of the Main Currency Pairs on 2019.03.15

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13312
  • Open: 1.13039
  • % chg. over the last day: -0.18
  • Day's range: 1.13029 – 1.13291
  • 52 wk range: 1.1214 – 1.2557

EUR/USD is showing an ambiguous technical picture. The EUR is stabilizing after a long rally, the quotes are consolidating around 1.13000. 1.13350 acts as a local resistance. The financial market participants are waiting for additional drivers. You should open positions from the key levels.

The Economic News Feed for 15.03.2019:

  • - Consumer Price Index (EU) – 15:00 (GMT+2:00);
  • - Industrial Production Volume (US) – 15:15 (GMT+2:00);
  • - JOLTS (US) – 16:00 (GMT+2:00);
EUR/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 suggests you should purchase 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: 1.13000, 1.12800, 1.12450
  • Resistance levels: 1.13350, 1.13650, 1.14000

If the price fixes above 1.13350, expect the quotes to grow toward 1.13650-1.14000.

Alternatively, the quotes can descend toward 1.12600-1.12400.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33169
  • Open: 1.32608
  • % chg. over the last day: -0.61
  • Day's range: 1.32028 – 1.32657
  • 52 wk range: 1.2438 – 1.4378

GBP stabilized around the 7-week maximums. Yesterday the British parliamentaries voted to request postponing Brexit. The EU summit where it will be reviewed will happen next week. Should it be approved, the Britain will have time until June 30 to handle the Brexit properly. Right now the quotes are consolidating around 1.32000-1.32650. The investors are waiting for new information regarding Brexit. You should open positions from the key levels.

The Economic News Feed for 15.03.2019 is calm.

GBP/USD

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

MACD is close to 0.

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: 1.32000, 1.31500, 1.30600
  • Resistance levels: 1.32650, 1.33250, 1.33750

If the price fixes above 1.32650, expect the quotes to move toward 1.33250-1.33600.

Alternatively, the quotes can fall toward 1.31500-1.31000.

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.

Open Account The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32987
  • Open: 1.33305
  • % chg. over the last day: +0.14
  • Day's range: 1.32892 – 1.33313
  • 52 wk range: 1.2248 – 1.3664

The latest trading USD/CAD sessions were very active. There is no single defined trend. CAD is testing the local support at 1.32900. The nearest resistance is at 1.33150. CAD is suppoted by the positive oil quotes dynamics. USD/CAD has a tendency to descend. You should open positions from the key levels.

At 14:30 (GMT+2:00) Canada will publish the sales report in the industrial sector.

USD/CAD

The price fixed below 50 MA and 200 MA which points toward the power of the buyers.

The MACD histogram is in the negative zone and below the signal line, which gives a strong signal towards selling USD/CAD.

The Stochastic Oscillator started to leave the oversold zone, the %K line is above the %D line which points toward the bullish mood.

Trading recommendations
  • Support levels: 1.32900, 1.32500, 1.32200
  • Resistance levels: 1.33150, 1.33400, 1.33650

If the price fixes below 1.32900, expect quotes to fall toward 1.32500-1.32300.

Alternatively, the quotes can recover toward 1.33400-1.33600.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.274
  • Open: 111.655
  • % chg. over the last day: +0.43
  • Day's range: 111.487 – 111.901
  • 52 wk range: 104.56 – 114.56

USD/JPY is in a flat movement. The technical picture is ambiguous. The market participants are waiting for additional drivers. The Bank of Japan ileft the key monetary policy parameters without changes. Right now the key support and resistance levels are 111.550 and 111.850. You should open positions from these levels.

The Japanese Economic News Feed for 15.03.2019 is calm. Keep an eye on the US news feed.

USD/JPY

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

The MACD histogram is in the positive zone but below the signal line, which gives a weak signal to buy USD/JPY.

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

Trading recommendations
  • Support levels: 111.550, 111.400, 111.150
  • Resistance levels: 111.850, 112.100

If the price fixes below the local support of 111.550, expect the quotes to fall toward 111.300-111.100.

Alternatively, the quotes can grow toward 112.100-112.300.

by JustForex, 2019.03.15

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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