The Analytical Overview of the Main Currency Pairs on 2019.03.14

March 14, 2019

Analytics by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.12895
  • Open: 1.13312
  • % chg. over the last day: +0.39
  • Day’s range: 1.13124 – 1.13373
  • 52 wk range: 1.1214 – 1.2557

EUR/USD keeps showing a positive trend. Yesterday the quotes grew by 50 points. The trading instrument updated the local maximums. The US published weak economic reports. The EUR is currently consolidating around 1.130100-1.13400. The quotes can grow further, you should open positions from these levels.

The Economic News Feed for 14.03.2019:

  • – Import/Export Price Index (US) – 14:30 (GMT+2:00);
  • – Number of Primary Unemployment Applications (US) – 14:30 (GMT+2:00);
  • – Primary Real Estate Sales (US) – 16:00 (GMT+2:00);

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 but below the signal line which gives a weak signal to buy EUR/USD.

The Stochastic Oscillator started to leave the oversold zone, the %K line is above the %D line which also points to the bullish mood.


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Trading recommendations
  • Support levels: 1.13100, 1.12800, 1.12450
  • Resistance levels: 1.13400, 1.13650, 1.14000

If the price fixes above 1.13400, expect the quotes to grow toward 1.14000.

Alternatively, the quotes can fall toward 1.12800-1.12600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.30747
  • Open: 1.33169
  • % chg. over the last day: +1.62
  • Day’s range: 1.32393 – 1.33308
  • 52 wk range: 1.2438 – 1.4378

During the last two days of trading, the GBP strengthened against the USD. The quotes grew by 200 points. The Birtish Parliament refused the hard Brexit. Today a new voote is planned to postpone Brexit. The quotes are consolidating around 1.32400-1.33150. You should open positions from these levels.

The Economic News Feed for 14.03.2019 is calm. Keep an eye on the reports from the US.

The price fixed above 50 MA and 200 MA which points toward the power of the buyers.

The MACD histogram is in the positive zone, the %K line is crossing the %D line. There are no signals at the moment.

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: 1.32400, 1.32000, 1.31500
  • Resistance levels: 1.33150, 1.33750

If the price fixes above 1.33150, expect the quotes to grow toward 1.33700-1.34000.

Alternatively, the quotes can fall toward 1.31600-1.31300.

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.

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The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.33536
  • Open: 1.32987
  • % chg. over the last day: -0.42
  • Day’s range: 1.32871 – 1.33197
  • 52 wk range: 1.2248 – 1.3664

USD/CAD keeps showing a bearish mood. Yesterday the quotes set new local minimums. CAD is supported by positive oil prices and weak economic releases from the US. The key levels are 1.32850 and 1.33350. The quotes can fall further. You should open positions from the key levels.

The Economic News Feed for 14.03.2019 is calm.

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 toward selling USD/CAD.

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: 1.32850, 1.32350, 1.32000
  • Resistance levels: 1.33350, 1.33850, 1.34200

If the price fixes below 1.32850, expect the quotes to correct toward 1.32400-1.32000.

Alternatively, the quotes can grow toward 1.33700-1.34000.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 111.344
  • Open: 111.274
  • % chg. over the last day: -0.13
  • Day’s range: 111.144 – 111.722
  • 52 wk range: 104.56 – 114.56

USD/JPY started to grow and updated the local maximums. The quotes are at 111.750 with 111.450 actubg as a mirror support, and can grow further. Keep an eye on the US economic reports and open positions from the key levels.

The Economic News Feed for 14.03.2019 is calm.

The indicators point toward the power of the buyers, the price fixed above 50 MA and 200 MA.

The MACD histogram is in the postiive zone and above the signal line which points towards purchasing USD/JPY.

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: 111.450, 111.150, 110.900
  • Resistance levels: 111.750, 112.000

If the price fixes above 111.750, expect the quotes to grow toward 112.000-112.250.

Alternatively, the quotes can fall toward 111.300-111.000.

Analytics by JustForex

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