The Analytical Overview of the Main Currency Pairs on 2019.03.28

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12696
  • Open: 1.12516
  • % chg. over the last day: -0.12
  • Day's range: 1.12342 – 1.12612
  • 52 wk range: 1.1214 – 1.2557

EUR/USD keeps the bearish mood. EUR is under pressure after Mario Draghi's statements that the key ineterest rates` growth can be postponed further. Right now the key support and resistance levels are 1.12350 and 1.12750. Today the investors will be evaluaing the important economic releases in the US. Open the positions from the key levels.

The Economic News Feed for 28.03.2019:

  • - GDP report (US) – 14:30 (GMT+2:00);
  • - Unfinished Real Estate Sales Index (EU) – 16:00 (GMT+2:00);
EUR/USD

The price is 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 EUR/USD.

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: 1.12350, 1.12000
  • Resistance levels: 1.12750, 1.13000, 1.13250

If the price fixes below 1.12350, expect the quotes to fall toward 1.12000.

Alternatively, the quotes can recover toward 1.13000-1.13250.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32053
  • Open: 1.31560
  • % chg. over the last day: -0.43
  • Day's range: 1.31254 – 1.31985
  • 52 wk range: 1.2438 – 1.4378

GBP/USD started to descend. The trading instrument updated the local minimums. An ambigous situation around Brexit keeps pushing GBP down. Yesterday the British Parliament rejected all 8 Brexit project. The key support and resistance levels are 1.31400 and 1.32000. The GBP/?USD quotes have a tendency to descend. You should open positions from the key levels.

The UK Economic News Feed for 28.03.2019 is calm. Keep an eye on the US news feed.

GBP/USD

The indicators point to the power of the sellers, the price fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone and below the signal line which gives a signal to sell GBP/USD.

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

Trading recommendations
  • Support levels: 1.31400, 1.31000, 1.30300
  • Resistance levels: 1.32000, 1.32500, 1.33000

If the price fixes below 1.31400, expect the qutoes to fall toward 1.31000.

Alternatively, the qutoes can grow toward 1.32300-1.32600.

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: 1.33843
  • Open: 1.34113
  • % chg. over the last day: +0.23
  • Day's range: 1.34014 – 1.34313
  • 52 wk range: 1.2248 – 1.3664

USD/CAD keeps its ambiguous technical picture. The quotes are in a flat, currently testing 1.34000 and 1.34400 levels. The financial market participants are waiting for important reports from the US. Keep an eye on the oil quotes dynamics. You should open positions from the key levels.

The Economic News Feed for 28.03.2019 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 positive zone and keeps rising, which points to the growth of USD/CAD.

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: 1.34000, 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 descend toward 1.33750-1.33500.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.591
  • Open: 110.457
  • % chg. over the last day: -0.13
  • Day's range: 110.018 – 110.531
  • 52 wk range: 104.56 – 114.56

USD/JPY shows an ambigous technical picture. The trading instrument is moving in a flat, the supply and demand zones are 110.000-109.800 and 110.500-110.700. The investors are waiting for additional drivers. Keep an eye on the economic releases and the US Treasury Bonds` yield. Open the positions from the key levels.

The Economic News Feed for 28.03.2019 is calm.

USD/JPY

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

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: 110.000, 109.800, 109.500
  • Resistance levels: 110.500, 110.700, 111.150

If the price fixes below the round 110.000, expect the quotes to fall toward 109.600-109.400.

Alternatively, the quotes can grow toward 110.800-111.000.

by JustForex, 2019.03.28

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.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
Stop and Limit Orders in Forex
There are many gainful opportunities for traders in the forex market, but no one is immune to losses. That’s the reason why traders should employ an efficient trading strategy where both stop and limit orders go hand in hand with other essential aspects of the strategy.
Read more
Top 10 Successful Forex Traders in Indonesia
Due to the growing popularity of forex trading, it’s impossible to stay on the sidelines. What does it take to become one of those confident traders? Is forex trading for you? Find out more about the nature of this industry and have a look at the list of top Indonesian forex traders in 2021.
Read more
Guide to Forex Trading in Indonesia
What is forex trading? It’s freedom – due to the round-the-clock market operation in different parts of the world, hundreds of thousands of traders choose what’s best for them: time frame, asset, strategy, objectives, amount of a deposit, etc. There might be a lot of questions in the beginning of your trading journey, and this article aims to emphasize the essential aspects of this profession.
Read more