The Analytical Overview of the Main Currency Pairs on 2019.04.01

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12276
  • Open: 1.12274
  • % chg. over the last day: -0.04
  • Day's range: 1.12198 – 1.12430
  • 52 wk range: 1.1214 – 1.2557

EUR stabilized after a long fall during the last two weeks. Right now the quotes are consolidating between 1.12100 and 1.12450. The EUR is under pressure due to weak economic releases. In March the Germany's industrial PMI fell from 44.7 to 44.1. The investors are waiting for additional drivers. You should open positions from the key levels.

The Economic News Feed for 01.04.2019:

  • - Consumer Price Index (EU) – 12:00 (GMT+2:00);
  • - Retail Sales Report (US) – 15:30 (GMT+2:00);
  • - Industrial PMI by ISM (US) – 17:00 (GMT+2:00);
EUR/USD

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

The MACD histogram is close to 0.

The Stochastic Oscillator started to leave the overbought zone, the %K line is below the %D line which points to the bearish mood.

Trading recommendations
  • Support levels: 1.12100, 1.11800, 1.11500
  • Resistance levels: 1.12450, 1.12800, 1.13250

If the price fixes below 1.12100, expect the quotes to fall toward 1.11800-1.11500.

Alternatively, the quotes can correct toward 1.12800-1.13000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30477
  • Open: 1.30395
  • % chg. over the last day: -0.08
  • Day's range: 1.30095 – 1.30839
  • 52 wk range: 1.2438 – 1.4378

GBP/USD has an ambiguous technical picture. The trading instrument is moving sideways. The GBP remains under pressure as investors are waiting for the relevant info regarding Brexit. Last week The British Parliament refused Theresa May's deal for the third time. If the solution isn't found soon, the UK will leave the EU without a deal on April 12. The local support and resistance levels are 1.30300 and 1.30800. You should open positions from these levels.

At 11:30 (GMT+3:00) the UK will publish the industrial PMI.

GBP/USD

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

The MACD histogram is close to 0.

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: 1.30300, 1.29850
  • Resistance levels: 1.30800, 1.31200, 1.31500

If the price fixes below 1.30300, expect the quotes to fall toward 1.29800-1.29600.

Alternatively, the qutoes can grow toward 1.31200-1.31500.

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: 1.34325
  • Open: 1.33465
  • % chg. over the last day: -0.68
  • Day's range: 1.33384 – 1.33565
  • 52 wk range: 1.2248 – 1.3664

USD/CAD is in the middle of an agressive sell-off. The CAD fell by more than 80 points. The CAD is supported by the positive GDP reports. Right now the quotes are consolidating around 1.33400 and 1.33750. The trading instrument has a tendency to descend, you should open positions from the key levels.

Keep an eye on the US economic reports.

USD/CAD

The price fixed below 200 MA which points to the power of the buyers.

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 crossing the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.33400, 1.33100, 1.32900
  • Resistance levels: 1.33750, 1.34000, 1.34400

If the price fixes below 1.33400, expect the quotes to fall toward 1.33100-1.32900.

Alternatively, the quotes can grow toward 1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.457
  • Open: 110.630
  • % chg. over the last day: +0.10
  • Day's range: 110.533 – 110.929
  • 52 wk range: 104.56 – 114.56

The USD/JPY technical picture remains ambiguous. The trading instrument is consolidating. Right now the key support and resistance levels are 110.500 and 110.900. The financial market participants are waiting for additional drivers. Keep an eye on the US Treasury bonds. You should open positions from the key levels.

The Economic News Feed for 01.04.2019 is calm.

USD/JPY

The indicators do not provide precise signals, the 50 MA is crossing 50 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 to the bullish mood.

Trading recommendations
  • Support levels: 110.500, 110.100, 109.800
  • Resistance levels: 110.900, 111.200

If the price fixes above 110.900, expect the quotes to grow toward 111.200-111.500.

Alternatively, the quotes can fall toward 110.100-109.800.

by JustForex, 2019.04.01

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.

Registration

Get Free Analytics

* required fields