The Analytical Overview of the Main Currency Pairs on 2019.04.19

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12931
  • Open: 1.12288
  • % chg. over the last day: -0.54
  • Day's range: 1.12271 – 1.12454
  • 52 wk range: 1.1214 – 1.2557

Yesterday USD strengthened against other world currencies. The EUR/USD quotes fell by 60 points. The trading instrument updated the key minimums. EUR is under pressure due to the weak industrial business activity reports. The USD is supported by the optimistic US retail sales report. Right now EUR/USD have stabilized around 1.12300-1.12500. You should open positions from these levels.

The world financial platforms will be closed today. At 15:30 (GMT+3:00) the US will publish a real estate market report.

EUR/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 but above the signal line which gives a weak signal to sell EUR/USD.

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

Trading recommendations
  • Support levels: 1.12300, 1.12000
  • Resistance levels: 1.12500, 1.12800, 1.13000

If the price fixes below 1.12300, expect further descend towards at least 1.12000.

Alternatively, the quotes can recover toward 1.12750-1.12900.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30360
  • Open: 1.29832
  • % chg. over the last day: -0.41
  • Day's range: 1.29816 – 1.30014
  • 52 wk range: 1.2438 – 1.4378

GBP ignored a positive retail sales report and closed yesterday`s trading session in the red. The GBP/USD quotes fell by 50 points. The demand for USD has grown after positive economic releases from the US. Right now GBP has stabilized next to 1.30 USD. The Brexit ambiguousness keeps pushing the pound down. The trading instrument can descend further. You should open positions from the key levels.

The Economic News Feed for 19.04.2019 is calm.

GBP/USD

The price fixed above 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 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: 1.29800, 1.29500
  • Resistance levels: 1.30150, 1.30500, 1.30700

If the price fixes below 1.29800, expect further descend toward 1.29500-1.29300.

Alternatively, the quotes can recover toward 1.30400-1.30600.

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: 1.33410
  • Open: 1.33710
  • % chg. over the last day: +0.26
  • Day's range: 1.33658 – 1.33859
  • 52 wk range: 1.2248 – 1.3664

Yesterday USD/CAD was in a bullish mood. The quotes have grown by 40 points and reached the monthly maximums. The demand for USD has grown due to positive economic reports. The CAD is consolidating around 1.33650-1.33850. You should open positions from these levels.

The Economic News Feed for 19.04.2019 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 close to 0. There are no precise signals.

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: 1.33650, 1.33400, 1.33150
  • Resistance levels: 1.33850, 1.34000

If the price fixes above 1.33850, expect further growth toward 1.34000-1.34300.

Alternatively, the qutoes can fall toward 1.33400-1.33200.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 112.053
  • Open: 111.952
  • % chg. over the last day: -0.06
  • Day's range: 111.895 – 112.008
  • 52 wk range: 104.56 – 114.56

USD/JPY keeps being traded in a long flat. There is no defined trend. Since the beginning of the week, the trading instrument has set the key support and resistance levels at 111.800 and 112.100 respectively. The financial market participants are waiting for additional drivers. A technical correction is possible soon. You should open positions from the key levels.

During the asian trading session, Japan published a positive inflation report.

USD/JPY

The indicators do not provide precise signlas, the price fixed between 50 MA and 200 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which gives a signal to buy USD/JPY.

Trading recommendations
  • Support levels: 111.800, 111.600, 111.450
  • Resistance levels: 112.100, 112.500, 112.750

If the price fixes below 111.800, expect further correction toward 111.600-111.400.

Alternatively, the quotes can grow toward 112.300-112.500.

by JustForex, 2019.04.19

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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