The Analytical Overview of the Main Currency Pairs on 2019.03.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13739
  • Open: 1.12966
  • % chg. over the last day: -0.54
  • Day's range: 1.12889 – 1.13142
  • 52 wk range: 1.1214 – 1.2557

On Friday, March 22, the EUR/USD quotes fell after the publication of weak reports from the EU. The PMI indices reached the long-time minimums. The investors are worried about the risk of a recession in the EU. Right now the quotes are consolidating around 1.12800-1.13150 and has a tendency to descend further. You should open positions from the key levels.

At 11:00 (GMT+2:00) Germany will publish the IFO business climate index.

EUR/USD

The indicators do not provide precise data, 50 MA is crossing 200 MA.

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

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

Trading recommendations
  • Support levels: 1.12800, 1.12500
  • Resistance levels: 1.13150, 1.13500, 1.13900

If the price fixes below the local support 1.12800, expect the quotes to fall toward 1.125001.12300.

Alternatively, the quotes can recover toward 1.13500-1.13700.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31129
  • Open: 1.32141
  • % chg. over the last day: +0.79
  • Day's range: 1.31597 – 1.32154
  • 52 wk range: 1.2438 – 1.4378

GBP/USD has an ambiguous technical picture. Right now the GBP is consolidating. The financial market participants are waiting for the next Brexit vote. As a reminder, the EU agreed to postpone Brexit until May 22, should the British Parliament approve this vote. If the quorum won't be reached until March 29, the Brexit will happen on April 12. The key support and resistance levels are 1.31600 and 1.32250. You should open positions from these levels.

The Economic News Feed for 25.03.2019 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 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 above the %D line which points to the bullish mood.

Trading recommendations
  • Support levels: 1.31600, 1.31000, 1.30300
  • Resistance levels: 1.32250, 1.33000, 1.33600

Should the price fix above 1.32250, expect the quotes to grow toward 1.32750-1.33000.

Alternatively, the quotes can fall toward 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: 1.33612
  • Open: 1.34257
  • % chg. over the last day: +0.52
  • Day's range: 1.34072 – 1.34397
  • 52 wk range:1.2248 – 1.3664

CAD kept losing positions on Friday against the USD. The quotes grew by 65 points. The trading instrument reached the monthly maximums. The pressure on CAD is caused by the weak retail sales in Canada. The quotes are consolidating around 1.34000-+1.34400. You should open positions from the key levels and keep an eye on the oil quotes dynamics.

The Economic News Feed for 25.03.2019 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 but below the signal line which points to the growth of USD/CAD.

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

Trading recommendations
  • Support levels: 1.34000, 1.33750, 1.33500
  • Resistance levels: 1.34400, 1.35000

If the price fixes above 1.34400, expect the quotes to grow toward 1.35000.

Alternatively, the quotes can fall toward 1.33750-1.33500.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.854
  • Open: 109.996
  • % chg. over the last day: -0.80
  • Day's range: 109.708 – 110.240
  • 52 wk range: 104.56 – 114.56

USD/JPY is in an agressive sell-off again. The quotes fell by 100 points and updated the local minimums. The demand for the safe assets has grown. The investors are worried about the recession in the world economy. Right now USD/JPY has stabilized around 109.800-110.300. You should open positions from these levels and keep an eye on the US Treasury bond's dynamics.

The Economic News Feed for 25.03.2019 is calm.

USD/JPY

The price fixed below 50 MA and 200 MA which points to the power of the sellers.

The MACD histogram 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 above the %D line which points to the bullish mood.

Trading recommendations
  • Support levels: 109.800, 109.500
  • Resistance levels: 110.300, 110.600, 110.900

If the price fixes below 109.800, expect the quotes to fall toward 109.500-109.300.

Alternatively, the quotes can recover toward 110.600-110.900.

by JustForex, 2019.03.25

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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