The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.14006
Open: 1.14253
% chg. over the last day: +0.15
Day’s range: 1.14204 – 1.14449
52 wk range: 1.1214 – 1.2557
EUR kept rising against the USD. Right now the local support and resistance levels are 1.14200 and 1.14450. Mario Draghi, the head of the Central Bank of Europe, is worried about the growing risks on the global markets. The regulator intends to keep the monetary policy the same. The investors are waiting for the Federal Reserve meeting. Keep an eye on the US/China trading conflict and open positions from the key levels.
At 17:00 (GMT +2:00) US will publish the Customer Trust Index.
The price fixed above 50 MA and 200 MA which showcases the power of the buyers.
The MACD histogram is in the positve zone and keeps rising which gives a signal to buy EUR/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which shows a bearish mood.
Trading recommendations
Support levels: 1.14200, 1.13900, 1.13700
Resistance levels: 1.14450, 1.15000
If the price fixes above 1.14450, expect the price to grow toward 1.14800-1.15000.
Alternatively the price can fall toward 1.14000-1.13800.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.31838
Open: 1.31520
% chg. over the last day: -0.36
Day’s range: 1.31294 – 1.31683
52 wk range: 1.2438 – 1.4378
The pound has stabilized around the key range of 1.31300 and 1.32000. The financial market participants are waiting for the Brexit vote in the parliament. Today you should minimize risks when opening GBP/USD orders.
Keep an eye on the US economic reports.
The indicators do not provide precise signals, the price has crossed 50 MA.
The MACD histogram is close to 0.
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: 1.31300, 1.30600, 1.30000
Resistance levels: 1.32000, 1.32500
If the price fixes above 1.32000 expect it to grow further toward 1.32500-1.32750.
Alternatively, the quotes can fall toward 1.30700-1.30400.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32183
Open: 1.32592
% chg. over the last day: +0.30
Day’s range: 1.32448 – 1.32784
52 wk range: 1.2248 – 1.3664
Yesterday USD recovered against the CAD. Right now the quotes are moving sideways. The trading instrument created the local support and resistance levels at 1.32500 and 1.32800. USD/CAD has a tendency to descend. You should open positions from the key levels. Keep an eye on the US newsfeed.
The Economic News Feed for 29.01.2019 is calm.
The indicators do not provide precise signals, the price fixed betwee 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 sinal to buy USD/CAD..
Trading recommendations
Support levels: 1.32500, 1.32250
Resistance levels: 1.32800, 1.33150
If the price fixes below the local support 1.32500 expect the quotes to fall further toward 1.32250-1.32000..
Alternatively the quotes can recover toward 1.33000-1.33200.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 109.541
Open: 109.317
% chg. over the last day: -0.14
Day’s range: 109.130 – 109.392
52 wk range: 104.56 – 114.56
USD/JPY technical picture remains ambiguous. The yen remains in a flat. The key range is 109.150-109.400, with prospects to descend. Keep an eye on the US Treasury bonds yield and open positions from the key levels.
The Economic News Feed for 29.01.2019 is calm.
The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.
The MACD histogram 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: 109.150, 108.900, 108.700
Resistance levels: 109.400, 109.600, 109.850
If the price fixes below 109.150, expect the quotes to fall toward 108.900-108.700.
Alternatively the quotes can grow toward 109.600-109.800.
