The Analytical Overview of the Main Currency Pairs on 2019.03.18

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13039
  • Open: 1.13255
  • % chg. over the last day: +0.19
  • Day's range: 1.13190 – 1.13507
  • 52 wk range: 1.1214 – 1.2557

EUR/USD is in a bullish mood. Right now EUR is consolidating around the monthly maximums. The trading instrument is testing the local resistance at 1.13500. 1.13250 acts as a mirror support. The US is publishing weak economic releases, which puts pressure on the American currency. This week, the Federal Reserve will have a meeting regarding new intel on the further increase of interest rates. Earlier the Fed representatives mentioned that the Reserve won`t pursue this increase. You should open positions from the key levels.

The Economic News Feed for 18.03.2019 is calm. At 12:00 (GMT+2:00) the EU will publish the report on the trading balance.

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 gives a signal to buy EUR/USD.

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: 1.13250, 1.13000, 1.12800
  • Resistance levels: 1.13500, 1.14000

If the price fixes above the local resistance of 1.13500, expect the quotes to grow toward 1.14000..

Alternatively, the quotes can descend toward 1.13000-1.12800.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32608
  • Open: 1.32955
  • % chg. over the last day: +0.38
  • Day's range: 1.32560 – 1.32997
  • 52 wk range: 1.2438 – 1.4378

GBP/USD stablilized after the surge of volatility last week. The House of Commons did not approve the new deal regarding Brexit and decided to ask for a delay. Right now the key support and resistance lvels are 1.32200 and 1.33000. The financial market participants are waiting for the new intel regarding Brexit. You should open positions from the key levels.

The Economic News Feed for 18.03.2019 is calm.

GBP/USD

The indicators do not provide precise signals, the price has crossed 50 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 crossing the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.32200, 1.31500, 1.30600
  • Resistance levels: 1.33000, 1.33600

If the price fixes above the round 1.33000, expect the quotes to grow toward 1.33500-1.33750.

Alternatively, the quotes can fall toward 1.32000-1.31500.

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.

Registration The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33305
  • Open: 1.33316
  • % chg. over the last day: +0.01
  • Day's range: 1.33015 – 1.33471
  • 52 wk range: 1.2248 – 1.3664

USD/CAD has an ambiguous technical picture. The CAD is being traded in a flat. Right now the local support and resistance levels are 1.33000 and 1.33300. The quotes have a tendency to descend further. You should keep an eye on the oil quotes dynamic and open positions from the key levels.

The Economic News Feed for 18.03.2019 is calm.

USD/CAD

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

The MACD histogram is in the negative zone, the %K line is above the %D line which points towards the fall of USD/CAD.

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

Trading recommendations
  • Support levels: 1.33000, 1.32750, 1.32500
  • Resistance levels: 1.33300, 1.33600, 1.33900

If the price fixes below the round 1.33000, expect the quotes to fall toward 1.32700-1.32500.

Alternatively, the quotes can grow toward 1.33500-1.33700.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.655
  • Open: 111.466
  • % chg. over the last day: -0.22
  • Day's range: 111.450 – 111.629
  • 52 wk range: 104.56 – 114.56

USD/JPY remains ambiguous. The trading instrument keeps consolidating around 111.400-111.650. The USD remains under pressure, the quotes can descend further. Keep an eye on the US Treasury bonds` yield and open positions from the key levels.

During the Asian trading session Japan published mixed trading balance reports.

USD/JPY

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

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

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: 111.400, 111.150, 110.900
  • Resistance levels: 111.650, 111.850, 112.100

If the price fixes below 111.400, expect the quotes to fall toward 111.000-110.800.

Alternatively, the quotes can grow toward 111.850-112.000.

by JustForex, 2019.03.18

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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