The Analytical Overview of the Main Currency Pairs on 2019.04.11

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12615
  • Open: 1.12732
  • % chg. over the last day: +0.11
  • Day's range: 1.12713 – 1.12874
  • 52 wk range: 1.1214 – 1.2557

Yesterday had a lot of important macroeconomical events and EUR/USD was traded very actively. There was o single defined trend, however. The ECB kept the monetary policy, as was expected. Mario Draghi mentioned the growing risks in the EU economy but elected to keep the interest rates until the end of the year. The FOMC Minutes confirmed the dowish position of Federal Reserve. The basis consumer index of the US customer prices was 0.1%, which is lower than expected 0.2%.

The key support and resistance levels are 1.12650 and 1.12850. The quotes can grow further. Today you should evaluate all the reports coming from the US and open positions from the key levels.

The Economic News Feed for 11.04.2019:

  • - Number of Unemployment Benefits Applications (US) – 15:30 (GMT+3:00);
  • - Manufacturer's Price Index (US) – 15:30 (GMT+3:00);
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 points to further growth of EUR/CAD.

The Stochastic Oscillator is near the overbought zone, the %K line is crossing the %D line. There are no signals.

Trading recommendations
  • Support levels: 1.12650, 1.12550, 1.12350
  • Resistance levels: 1.12850, 1.13000, 1.13400

If the price fixes above 1.12850, expect the quotes to rise toward 1.13250-1.13500.

Alternatively, the quotes can descend toward 1.12500-1.12350.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30474
  • Open: 1.30828
  • % chg. over the last day: +0.27
  • Day's range: 1.30778 – 1.31089
  • 52 wk range: 1.2438 – 1.4378

GBP/USD was in a bullish mood yesterday. The EU leaders agreed to postpone Brexit for 12 months. GBP is additionally supported by the positive GDP results and the growing industrial production volume. Right now the quotes are consolidating at 1.30750-1.31200. You should open positions from these levels, the pair is likely to grow further.

The Economic News Feed for 11.04.2019 is calm.

GBP/USD

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

Trading recommendations
  • Support levels: 1.30750, 1.30350, 1.30150
  • Resistance levels: 1.31200, 1.31550, 1.31900

If the price fixes above 1.31200, expect the quotes to rise toward 1.31500-1.31700.

Alternatively, the quotes can descend toward 1.30500-1.30300.

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: 1.33207
  • Open: 1.33107
  • % chg. over the last day: -0.06
  • Day's range: 1.33107 – 1.33564
  • 52 wk range: 1.2248 – 1.3664

USD/CAD is being actively traded as of late. There is no single trend, but the key range is 1.33300-1.33600. You should open positions from these levels and wait for more releases from the US. Keep an eye on the oil quotes dynamics.

The Economic News Feed for 11.04.2019 is calm.

USD/CAD

There are no signals, the price is consolidating close to 200 MA.

The MACD histogram is in the positive zone and above the signal line, which points to the bullish mood.

The Stochastic Oscillator is close to the overbought zone, the %K line is crossing the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.33300, 1.33050, 1.32850
  • Resistance levels: 1.33600, 1.33850, 1.34000

If the price fixes above 1.33600, expect the quotes to grow toward 1.33850-1.34000.

Alternatively, the quotes can fall toward the round 1.33000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.131
  • Open: 110.968
  • % chg. over the last day: -0.14
  • Day's range: 110.896 – 111.167
  • 52 wk range: 104.56 – 114.56

USD/JPY has an ambiguous technical picture. The trading instrument is moving sideways. The local support and resistance levels are 111.000 and 111.200. The quotes can descend further. Keep an eye on the economic releases and the US Treasury Bond's yield. Open the positions from the key levels.

The Economic News Feed for 11.04.2019 is calm.

USD/JPY

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

The MACD histogram 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: 111.000, 110.800, 110.550
  • Resistance levels: 111.200, 111.450, 111.600

If the price fixes below 111.000, expect the quotes to fall toward 110.700-110.600.

Alternatively, the quotes can grow toward 111.450-111.600.

by JustForex, 2019.04.11

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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