The Analytical Overview of the Main Currency Pairs on 2019.04.26

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.11513
  • Open: 1.11294
  • % chg. over the last day: -0.17
  • Day's range: 1.11242 – 1.11470
  • 52 wk range: 1.1141 – 1.2211

EUR/USD retains its bearish mood. Right now the quotes are at the 1.11200-1.11600 range. The demand for USD remains high due to a positive durable goods report from the US. The financial market participants are waiting for the US GDP report for the first quarter of 2019. The experts forecast that the economy growth in the US will slow down from 2.2% to 2.0%. Consider the difference between the real and forecasted events and open positions from these levels.

At 15:30 (GMT+3:00) we expect the US GDP report.

EUR/USD

The price fixed below 50 MA and 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 EUR/USD.

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

Trading recommendations
  • Support levels: 1.11200, 1.11000
  • Resistance levels: 1.11600, 1.12000, 1.12300

If the price fixed below 1.11200, expect further descend toward 1.10800-1.10600.

Alternatively, the quotes can recover toward 1.12000.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29031
  • Open: 1.28884
  • % chg. over the last day: -0.06
  • Day's range: 1.28877 – 1.29173
  • 52 wk range: 1.2438 – 1.4378

GBP/USD stabilized aftera long fall in the last two weeks. Right now GBP is testing the local support and resistance levels at 1.28900 and 1.29200. The investors are waiting for additional drivers. You should keep an eye on Brexit. A technical correction is possible soon. You should open positions from the key levels.

The Economic News Feed for 26.04.2019 is calm.

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 has crossed the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.28900, 1.28650
  • Resistance levels: 1.29200, 1.29600, 1.29800

If the price fixes below 1.28900, expect further descend towards 1.28650-1.28400.

Alternatively, the quotes can recover toward 1.29600-1.29800.

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.

Mở tài khoản The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.34841
  • Open: 1.34842
  • % chg. over the last day: +0.01
  • Day's range: 1.34805 – 1.34864
  • 52 wk range: 1.2248 – 1.3664

USD/CAD stabilized after a long rally since the beginning of the week. The technical picture remains ambiguous. The local support and resistance levels are 1.34600 and 1.34900. A technical correction is possible soon. The investors are waiting for the US GDP report. Keep an eye on the oil quotes dynamics and open positions from the key levels.

The Economic News Feed for 26.04.2019 is calm.

USD/CAD

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 has crossed the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.34600, 1.34200, 1.34000
  • Resistance levels: 1.34900, 1.35150

If the price fixes above 1.34900, consider buying USD/CAD, since the price will move toward 1.35200-1.35500.

Alternatively, the quotes can correct toward 1.34300-1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 112.136
  • Open: 111.594
  • % chg. over the last day: -0.57
  • Day's range: 111.449 – 111.786
  • 52 wk range: 104.56 – 114.56

USD/JPY shows an agressive sales. The quotes fell by 50 points and updated the local minimums. Right now the safe haven currency is consolidating around 111.550-111.800. USD/JPY has a tendency to descend further. Keep an eye on the US GDP report and open positions from the key levels.

Today during the asian trading session Japan published an array of weak economic reports.

USD/JPY

The price fixed below 50 MA and 200 MA which points towards a bearish mood.

The MACD histogram fixed in the negative zone but above the signal line which gives a weak signal toward selling USD/JPY.

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

Trading recommendations
  • Support levels: 111.550, 111.400, 111.000
  • Resistance levels: 111.800, 112.000, 112.150

If the price fixes below 111.550, expect further descend toward 111.300-111.200.

Alternatively, the quotes can grow toward 112.000-112.150.

by JustMarkets, 2019.04.26

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.

Mở tài khoản

Nhận phân tích miễn phí

* trường bắt buộc