The Analytical Overview of the Main Currency Pairs on 2019.04.22

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12288
  • Open: 1.12399
  • % chg. over the last day: +0.15
  • Day's range: 1.12359 – 1.12456
  • 52 wk range: 1.1214 – 1.2557

The USD is being traded in balance with the other major currencies. The financial market in Australia, Hong Kong and many other major European countries are closed due to the Easter holidays. The trading activity and volatility can be lowered. EUR/USD is consolidated. The local support and resistance levels are 1.12300 and 1.12500. The trading instrument can descend further. You should open positions from the key levels.

At 17:00 (GMT+3:00) the US will publish the sales report on the secondary real estate market.

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 strong signal to sell EUR/USD.

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: 1.12300, 1.12000
  • Resistance levels: 1.12500, 1.12800, 1.13000

If the price fixes above 1.12300, expect further descend towards 1.12000.

Alternatively, the quotes can recover toward 1.12700-1.12900.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29832
  • Open: 1.29848
  • % chg. over the last day: +0.02
  • Day's range: 1.29848 – 1.29992
  • 52 wk range: 1.2438 – 1.4378

GBP is stabilizing after a long fall last week. The GBP/USD quotes are consolidating next to the monthly minimums. The local support and resistance levels are 1.29800 and 1.30100. A further weakening of GBP remains possible. Keep an eye on the Brexit situation and open positions from the key levels.

The Economic News Feed for 22.04.2019 is calm.

GBP/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 GBP/USD.

The Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.29800, 1.29500
  • Resistance levels: 1.30100, 1.30350, 1.30650

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

Alternatively, the quotes can recover toward 1.30350-1.30500.

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: 1.33710
  • Open: 1.33816
  • % chg. over the last day: +0.12
  • Day's range: 1.33581 – 1.33900
  • 52 wk range: 1.2248 – 1.3664

USD/CAD shows an ambiguous technical picture. The CAD is consolidating at 1.33550-1.33800 range. The demand is high due to positive oil quotes dynamics. The WTI futures set the new annual maximums. USD/CAD has a tendency to descend, you should open positions from the key levels.

The Economic News Feed for 22.04.2019 is calm.

USD/CAD

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

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

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

Trading recommendations
  • Support levels: 1.33550, 1.33400, 1.33150
  • Resistance levels: 1.33800, 1.34000

If the price fixes below 1.33550, expect further descend towards 1.33000.

Alternatively, the quotes can grow towards 1.34000-1.34200.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.952
  • Open: 111.863
  • % chg. over the last day: -0.04
  • Day's range: 111.836 – 111.990
  • 52 wk range: 104.56 – 114.56

USD/JPY keeps consolidating in a narrow range. The technical picture remains ambiguous. The local support and resistance levels are 111.800 and 112.100. The financial market participants are waiting for additional drivers. Keep an eye on the US Treasury bonds' yield and open positions from the key levels.

The Economic News Feed for 22.04.2019 is calm.

USD/JPY

The indicators do not provide precise signals, the price crossed 50 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is near the oversold zone, the %K line is below the %D line, which gives a weak signal to sell 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 currency pair can grow toward 112.300-112.500.

by JustMarkets, 2019.04.22

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.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
How to Research Stocks
For some traders, trading in stocks is a novelty, and many need help knowing where to start, how to research, or how to select stocks for trading or investing.
Read more
The Reality of Successful Trading: Forget about the Palm Tree Fantasy
Trading isn't a leisurely activity reserved for exotic locales; it's a demanding profession that requires dedication, discipline, and a deep understanding of the markets. While the freedom to work remotely is a perk of trading, it's essential to dispel the myth that success can be achieved simply by lounging on a beach with a laptop.
Read more
Mathematical Expectations in Trading
Mathematical expectation refers to the average outcome of a trading strategy over many trades, taking into account both profits and losses. It's a statistical concept that helps traders assess the potential profitability of their strategies.
Read more