The Analytical Overview of the Main Currency Pairs on 2019.01.16

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.14675
  • Open: 1.14111
  • % chg. over the last day: -0.56
  • Day's range: 1.13931 – 1.14113
  • 52 wk range: 1.1214 – 1.2557

Yesterday EUR/USD was in a bearish mood. The quotes descended by more than 100 points. Right now the trading instrument is in the sideways movement. The key levels are 1.13900 and 1.142520. You should open positions from the key levels, but consider that the pair has further descend prospects.

The Economic News Feed for 16.01.2019:

  • - Retail Sales Reprort (US) – 15:30 (GMT+2:00);
  • - Federal Reserve's Beige Book (EU) – 21:00 (GMT+2:00);
EUR/USD

The indicators point to the power of the buyers, the price fixed below 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 EUR/USD.

The Stochastic Oscillator is in the neutral zone but above the signal line which gives a weak signal to sell EUR/USD.

Trading recommendations
  • Support levels: 1.13900, 1.13550
  • Resistance levels: 1.14250, 1.14650, 1.15000

If the price fixes below the local support of 1.13900 expect further descend toward 1.13550-1.13200.

Alternatively the quotes can grow toward 1.14650-1.14800.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.28560
  • Open: 1.28833
  • % chg. over the last day: +0.05
  • Day's range: 1.28556 – 1.28954
  • 52 wk range: 1.2438 – 1.4378

1.2438 – 1.4378

At 11:15 (GMT+2:00) the UK will publish the consumer price index.

GBP/USD

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 below the %D line, which points to a bearish mood.

Trading recommendations
  • Support levels: 1.28400, 1.28000, 1.27500
  • Resistance levels: 1.29000, 1.29400

If the price fixes below 1.28400, look for the market entry points to open short positions. The movement will tend toward 1.2800-1.27800.

Alternatively the quotes can grow toward 1.29400-1.29600.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32817
  • Open: 1.32685
  • % chg. over the last day: -0.20
  • Day's range: 1.32452 – 1.32545
  • 52 wk range: 1.2248 – 1.3664

The USD/CAD are moving sidewards. The investors are waiting for additional drivers. You should keep an eye on the oil quotes dynamics. The key support and resistance levels are 1.32350 and 1.32700. Positions should be opened from the key levels.

The Economic News Feed for 16.01.2019 is calm.

USD/CAD

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

The MACD histogram is close to 0. There are no signals.

The Stochastic Oscillator is close to the oversold zone, the %K line is crossing the %D line. There are no precise signals.

Trading recommendations
  • Support levels: 1.32350, 1.32000
  • Resistance levels: 1.32700, 1.33100, 1.33600

If the price fixes above 1.32700 you should consider buying USD/CAD. The movement will tend toward 1.33100-1.33300.

Alternatively the quotes can fall toward 1.32000-1.31700.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 108.154
  • Open: 108.653
  • % chg. over the last day: +0.45
  • Day's range: 108.546 – 108.641
  • 52 wk range: 104.56 – 114.56

Yesterday the USD/JPY was in a bullish mood. The quotes grew by more than 60 points. This mood remains. The key levels are 108.4501 and 108.700. You should open positions from them and consider that the quotes have prospects for further growth.

The Economic News Feed for 16.01.2019 is calm.

USD/JPY

The indicators do not provide precise signals, 50 MA has crossed 200 MA.

The MACD histogram is in the positve zone but below the signal line, which gives a weak signal to buy USD/JPY.

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

Trading recommendations
  • Support levels: 108.450, 108.150, 107.800
  • Resistance levels: 108.700, 109.000, 109.300

If the price fixes above 108.700 expect the quotes to grow toward 109.000-109.200.

Alternatively the quotes can fall toward 108.150-108.000.

by JustMarkets, 2019.01.16

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