The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13039
Open: 1.13255
% chg. over the last day: +0.19
Day’s range: 1.13190 – 1.13507
52 wk range: 1.1214 – 1.2557
EUR/USD is in a bullish mood. Right now EUR is consolidating around the monthly maximums. The trading instrument is testing the local resistance at 1.13500. 1.13250 acts as a mirror support. The US is publishing weak economic releases, which puts pressure on the American currency. This week, the Federal Reserve will have a meeting regarding new intel on the further increase of interest rates. Earlier the Fed representatives mentioned that the Reserve won`t pursue this increase. You should open positions from the key levels.
The Economic News Feed for 18.03.2019 is calm. At 12:00 (GMT+2:00) the EU will publish the report on the trading balance.
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 gives a signal to buy EUR/USD.
The Stochastic Oscillator is in the overbought zone, the %K line is crossing the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.13250, 1.13000, 1.12800
Resistance levels: 1.13500, 1.14000
If the price fixes above the local resistance of 1.13500, expect the quotes to grow toward 1.14000..
Alternatively, the quotes can descend toward 1.13000-1.12800.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32608
Open: 1.32955
% chg. over the last day: +0.38
Day’s range: 1.32560 – 1.32997
52 wk range: 1.2438 – 1.4378
GBP/USD stablilized after the surge of volatility last week. The House of Commons did not approve the new deal regarding Brexit and decided to ask for a delay. Right now the key support and resistance lvels are 1.32200 and 1.33000. The financial market participants are waiting for the new intel regarding Brexit. You should open positions from the key levels.
The Economic News Feed for 18.03.2019 is calm.
The indicators do not provide precise signals, the price has crossed 50 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: 1.32200, 1.31500, 1.30600
Resistance levels: 1.33000, 1.33600
If the price fixes above the round 1.33000, expect the quotes to grow toward 1.33500-1.33750.
Alternatively, the quotes can fall toward 1.32000-1.31500.
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.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.33305
Open: 1.33316
% chg. over the last day: +0.01
Day’s range: 1.33015 – 1.33471
52 wk range: 1.2248 – 1.3664
USD/CAD has an ambiguous technical picture. The CAD is being traded in a flat. Right now the local support and resistance levels are 1.33000 and 1.33300. The quotes have a tendency to descend further. You should keep an eye on the oil quotes dynamic and open positions from the key levels.
The Economic News Feed for 18.03.2019 is calm.
The indicators do not provide precise signals, the price is testing 50 MA.
The MACD histogram is in the negative zone, the %K line is above the %D line which points towards the fall of 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: 1.33000, 1.32750, 1.32500
Resistance levels: 1.33300, 1.33600, 1.33900
If the price fixes below the round 1.33000, expect the quotes to fall toward 1.32700-1.32500.
Alternatively, the quotes can grow toward 1.33500-1.33700.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 111.655
Open: 111.466
% chg. over the last day: -0.22
Day’s range: 111.450 – 111.629
52 wk range: 104.56 – 114.56
USD/JPY remains ambiguous. The trading instrument keeps consolidating around 111.400-111.650. The USD remains under pressure, the quotes can descend further. Keep an eye on the US Treasury bonds` yield and open positions from the key levels.
During the Asian trading session Japan published mixed trading balance reports.
The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.
The MACD is in the negative zone but above the signal line, which gives a weak signal to sell USD/JPY.
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: 111.400, 111.150, 110.900
Resistance levels: 111.650, 111.850, 112.100
If the price fixes below 111.400, expect the quotes to fall toward 111.000-110.800.
Alternatively, the quotes can grow toward 111.850-112.000.
