The Analytical Overview of the Main Currency Pairs on 2019.04.12

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12732
  • Open: 1.12519
  • % chg. over the last day: -0.12
  • Day's range: 1.12517 – 1.12946
  • 52 wk range: 1.1214 – 1.2557

EUR/USD is in a bullish mood. The EUR is consolidating next to the key extremums. EUR/USD quotes are testing the demand zone at 1.12850-1.13000 with the closest support being 1.12650. The experts agree that the demand on EUR grew after the accouncement of a large cross-border deal. Mitsubishi UFJ Financial Group considers purchasing a multi-billion aviation financing business from DZ Bank. EUR/USD can grow further, you should open positions from the key levels.

The Economic News Feed for 12.04.2019:

  • - Industrial Production Volume (EU) – 12:00 (GMT+3:00);
  • - Import/Export Price Index (US) – 15:30 (GMT+3:00);
  • - Consumer Mood and Expectations Index (US) – 17:00 (GMT+3:00);
EUR/USD

The price fixed above 50 MA and 200 MA which points to the power of the buyers.

The MACD is in the positive zone and above the signal line which points towards further growth of EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which gives a signal to sell EUR/USD.

Trading recommendations
  • Support levels: 1.12650, 1.12500, 1.12350
  • Resistance levels: 1.12850, 1.13000, 1.13400

If the price fixes above 1.13000, expect further growth toward 1.13300-1.13500.

Alternatively, the quotes can descend toward 1.12400-1.12300.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30828
  • Open: 1.30526
  • % chg. over the last day: -0.28
  • Day's range: 1.30506 – 1.30809
  • 52 wk range: 1.2438 – 1.4378

GBP keeps trading in a long flat. The technical picture is amgbiguous. The EU leaders officially postponed Brexit until October 31. The hard Brexit that was planned for today will not be activated. However, the financial market participant are worried that Theresa May will not be able to achieve the support from the British Parliament.

GBP/USD keeps consolidating. The local support and resistance levels are 1.30500 and 1.30800. The positions should be opened from these levels. Keep an eye on the US economic reports.

The Economic News Feed for 12.04.2019 is calm.

GBP/USD

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 and keeps falling, 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 points to the bearish mood.

Trading recommendations
  • Support levels: 1.30500, 1.30150, 1.29850
  • Resistance levels: 1.30800, 1.31200, 1.31550

If the price fixes below 1.30500, expect the quotes to fall toward 1.30000.

Alternatively, the quotes can grow toward 1.31000-1.31200.

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: 1.33107
  • Open: 1.33845
  • % chg. over the last day: +0.41
  • Day's range: 1.33481 – 1.33858
  • 52 wk range: 1.2248 – 1.3664

USD/CAD was bullish yesterday, as CAD weakened by more than 70 points and updated the local minimums. The trading instrument itself updated the local maximums as the demand for USD has grown after positive economic reports. The oil quotes retreated, which caused additional demand on CAD. Right now the USD/CAD is consolidating around 1.33500-1.33750. You should open positions from these levels.

The Economic News Feed for 12.04.2019 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 gives a weak signal to buy USD/CAD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points towards growth of USD/CAD.

Trading recommendations
  • Support levels: 1.33500, 1.33300, 1.33100
  • Resistance levels: 1.33750, 1.34000

If the price fixes below 1.33500, expect the quotes to fall toward 1.33200-1.33000.

Alternatively, the quotes can grow toward 1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 110.968
  • Open: 111.640
  • % chg. over the last day: +0.56
  • Day's range: 111.585 – 111.953
  • 52 wk range: 104.56 – 114.56

USD/JPY shows an ascending trend. During the last two days the quotes have grown 100 points. The quotes have set new monthly maximums and reached the round 112.000 level. 111.750 acts as a mirror support. Keep an eye on the US Treasury bonds' yield and open positions from the key levels.

The Economic News Feed for 12.04.2019 is calm.

USD/JPY

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 above the signal line which points toward further growth of USD/JPY.

The Stochastic Oscillator is near the overbought zone, the %K line is above the %D line which gives a weak signal to buy USD/CAD.

Trading recommendations
  • Support levels: 111.750, 111.600, 111.450
  • Resistance levels: 112.000, 112.400, 112.600

If the price fixes above 112.000, expect the quotes to grow toward 112.400-112.600.

Alternatively, the quotes can correct toward 111.600-111.400.

by JustForex, 2019.04.12

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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