The Analytical Overview of the Main Currency Pairs on 2019.04.25

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12260
  • Open: 1.11513
  • % chg. over the last day: -0.65
  • Day's range: 1.11449 – 1.11624
  • 52 wk range: 1.1141 – 1.2211

EUR/USD kept losing positions and reached 22-monthly minimums. An array of weak economic releases hit the EUR hard. Yesterday the quotes fell by 70 points, now the instrument is consolidating. The local support and resistance levels are 1.11400-1.11650. EUR/USD has a tendency to descend. The financial market participants are waiting for US economic reports. You should open positions from the key levels.

The Economic News Feed for 25.04.2019:

  • - Durable Goods Orders Report (US) – 00:00 (GMT+3:00);
  • - Initial Jobless Claims (US) – 15:30 (GMT+3:00);
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 points toward selling EUR/USD.

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

Trading recommendations
  • Support levels: 1.11400, 1.11000
  • Resistance levels: 1.11650, 1.12000, 1.12300

If the price fixes below 1.11400, expect further descend toward 1.11000.

Alternatively, the quotes can recover towad 1.11900-1.12200.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29369
  • Open: 1.29031
  • % chg. over the last day: -0.27
  • Day's range: 1.28923 – 1.29166
  • 52 wk range: 1.2438 – 1.4378

GBP keeps showing a negative trend. The GBP/USD quotes set the new monthly minimums. The pressure on GBP/USD is caused by the Brexit ambiguousness. Theresa May mentioned that the negotiations with the Labour party became labourious. The quotes have consolidated around 1.28900-1.29200. The trading instrument has a tendency to descend, you should open positions from the key levels.

The Economic News Feed for 25.04.2019 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 but below 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.

Trading recommendations
  • Support levels: 1.28900, 1.28500
  • Resistance levels: 1.29200, 1.29600, 1.29800

If the price fixes below 1.28900, expect further descend toward 1.28600-1.28400.

Alternatively, the quotes can recover toward 1.29500-1.29700.

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: 1.34172
  • Open: 1.34841
  • % chg. over the last day: +0.51
  • Day's range: 1.34820 – 1.35133
  • 52 wk range: 1.2248 – 1.3664

CAD kept losing positions against the USD. During the last two days of trading the instrument updated the 3-monthly maximums. The Bank of Canada kept the previous parameters of the monetary policy and lowered the economic prognosis of the country. The financial market participants have reasons to expect the lowering of the interest rates. The key trading range is 1.34600-1.35150. You should open positions from these levels and keep an eye on the US economic releases.

The Economic News Feed for 25.04.2019 is calm.

USD/CAD

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

The MACD histogram is in the positive zone and keeps rising which gives a strong signal to buy USD/CAD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points toward a bullish mood.

Trading recommendations
  • Support levels: 1.34600, 1.34200, 1.34000
  • Resistance levels: 1.35150, 1.35500

If the price fixes above 1.35150, expect further growth toward 1.35500-1.35700.

Alternatively, the quotes can descend toward 1.34300-1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.861
  • Open: 112.136
  • % chg. over the last day: +0.23
  • Day's range: 111.743 – 112.239
  • 52 wk range: 104.56 – 114.56

Trading activity and volatility have grown. The Bank of Japan, as expected, kept the interest rates and plans to keep the monetary policy until the next spring. Right now the quotes are consolidating around 111.800-112.000. The trading instrument has a tendency to descend, you should open positions from the key levels.

Keep an eye on the US economic releases.

USD/JPY

The indicators do not provide precise signlas, the price has crossed 50 MA and 200 MA.

The MACD histogram is in the negative zone, which points towards a bearish mood.

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

Trading recommendations
  • Support levels: 111.800, 111.650, 111.450
  • Resistance levels: 112.000, 112.150, 112.400

If the price fixes below 111.800, expect further descend toward 111.500-111.300.

Alternatively, the quotes can grow toward 112.200-112.400.

by JustForex, 2019.04.25

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