by JustForex
EUR/USD quotes show negative екутвы. The demand for risky assets remains at a low level. The coronavirus pandemic is still in the spotlight. The ECB launched an emergency asset buyback program for 750 bln EUR. The US Federal Reserve announced a new $3.8 trillion credit program to fight the consequences of the virus crisis. Currently, EUR/USD currency pair is consolidating in the range of 1.08000-1.09550. The trading instrument can decline further. Open positions from key levels.
At 14:30 (GMT+2:00), the Philadelphian PMI will be published.
The indicators signal the sellers’ power: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, which indicates a bearish sentiment.
The Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
If the price fixes below 1.08000, expect further descend toward 1.07000.
Alternatively, the quotes could recover toward 1.10500-1.11000.
The British pound fell on Wednesday to its lowest level against the dollar since 1985 and to more than a decade low against the euro due to concerns about the coronavirus and investors’ desire to hold on to the US dollar. Currently, GBP/USD quotes are consolidating in the range of 1.14500-1.16500. Technical correction of the trading instrument after a significant collapse is not ruled out in the nearest future. Open positions from key levels.
The Economic News Feed for 19.03.2020 is calm.
The indicators signal the sellers’ power: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, which indicates a bearish sentiment.
The Stochastic Oscillator is in the neutral zone, the %K line started crossing the %D line. There are no signals at the moment.
If the price fixes below 1.14500, expect the quotes to fall toward 1.13000.
Alternatively, the quotes could correct 1.18000-1.19000.
The CAD keeps losing ground against the USD. During yesterday and today’s trades the growth of USD/CAD quotes exceeded 400 points. The Canadian dollar remains under pressure amid a significant collapse of oil quotations. At the moment the trading instrument has stabilized. The key range is 1.44000-1.46600. Technical correction is not ruled out in the nearest future. Open positions from key levels.
The Economic News Feed for 19.03.2020 is calm.
The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.
MACD histogram is in the positive zone, which indicates a bullish sentiment.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a possible correction of the USD/CAD currency pair.
If the price fixes above 1.46600, consider buying USD/CAD as the price rises toward 1.48000.
Alternatively, the quotes could descend toward 1.42500-1.41500.
The USD/JPY currency pair has moved up. The quotes have updated the local highs. At the moment the trading instrument is consolidating in the range 108.500-109.500. Financial markets participants are waiting for additional drivers. We recommend you to pay attention to the dynamics of US government securities yield. USD/JPY currency pair has potential for further growth. Open positions from key levels.
The Economic News Feed for 19.03.2020 is calm.
The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.
MACD histogram is in the positive zone, which gives a signal to buy USD/JPY.
The Stochastic Oscillator is located in the neutral zone, the %K line crosses the %D line. There are no signals at the moment.
If the price fixes above 109.500, expect further growth toward 110.500-111.000.
Alternatively, the quotes could descend toward 107.000-106.500.
by JustForex
