The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13398
Open: 1.13362
% chg. over the last day: -0.03
Day’s range: 1.13205 – 1.13631
52 wk range: 1.1214 – 1.2557
Yesterday the major currencies were calm. The FOMC Minutes did not affect the USD. The Federal Reserve officials mentioned that the US economy and the Labour Market remain stable. At the same time, the regulator plans to track the growing risks in the world economy more carefully, and is not going to hurry with raising the key interest rates this year. The trading instrument is testing 1.13600-1.13700. 1.13300 acts as the key support. You should open positions from these levels.
The Economic News Feed for 21.02.2019:
- Array of Reports on Business Activity (EU) – 11:00 (GMT+2:00);
- Bank of Europe Meeting on Monetary Policy (EU) – 14:30 (GMT+2:00);
- Durable Goods Sales Report (US) – 15:30 (GMT+2:00);
- Philadelfia’s Federal Reserve’s PMI (US) – 15:30 (GMT+2:00);
- Secondary Real-Estate Sales (US) – 17:00 (GMT+2:00);
The indicators do not provide precise signals, the price 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.
Trading recommendations
Support levels: 1.13300, 1.13000, 1.12800
Resistance levels: 1.13700, 1.14000, 1.14400
If the price crosses above 1.13700, expect the quotes to grow toward 1.14000-1.14200.
Alternatively, the quotes can descend toward the round 1.13000.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.30605
Open: 1.30503
% chg. over the last day: -0.15
Day’s range: 1.30261 – 1.30876
52 wk range: 1.2438 – 1.4378
GBP/USD is stabilizing after a sharp growth. The trading instrument is consolidating. The GBP/USD quotes are testing the key support and resistance levels: 1.30250 and 1.30850. The financial market participants are watching the Brexit situation. Theresa May declared that the Brexit negotiations are so far successful. The pound can recover further. You should open positions from the key levels.
The Economic News Feed for 21.02.2019 is calm.
The indicators point to the power of the buyer: the price fixed above 50 MA and 200 MA.
The MACD histogram is in the positive zone, which recommends buying GBP/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to bullish mood.
Trading recommendations
Support levels: 1.30250, 1.29800, 1.29400
Resistance levels: 1.30850, 1.31150, 1.31500
If the price fixes above 1.30850, the quotes are expected to grow toward 1.31250-1.31400.
Alternatively, the quotes can descend toward 1.29800-1.28600.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.32117
Open: 1.31752
% chg. over the last day: -0.27
Day’s range: 1.31635 – 1.32065
52 wk range: 1.2248 – 1.3664
USD/CAD is showing an ambiguous technical picure. Right now the CAD is in a flat. USD/CAD is testing the key support and resistance levels: 1.31800 and 1.32100. The trading instrument has a tendency to descend. An additional support is provided by the positive oil quotes dynamics. You should keep an eye on the US economic reports. You should open positions from the key levels.
The Economic News Feed for 21.02.2019:
Official Statement by the Head of Bank of Canada (CAD) – 19:35 (GMT+2:00);
The indicators do not provide precise signals, the price is testing 50 MA, which acts as a strong dynamic resistance.
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: 1.31800, 1.31500
Resistance levels: 1.32100, 1.32300, 1.32600
If the price fixes below the 1.31800 support level, you should expect a further descend of the USD/CAD quotes. The movement will tend toward 1.31500-1.31300.
Alternatively, the quotes can grow toward 1.32300-1.32500.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 110.607
Open: 110.828
% chg. over the last day: +0.12
Day’s range: 110.591 – 110.861
52 wk range: 104.56 – 114.56
The safe haven currency is stable. The USD/JPY quotes are consolidating at 110.650-110.900. The financial market participants are waiting for additional drivers. The US economic reports are in the spotlight. Keep an eye on the relevant data regarding the US/China negotiations and open positions from the key levels.
The Economic News Feed for 21.02.2019 is calm.
The indicators do not provide precise data, the price has crossed 50 MA and 200 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: 110.650, 110.450, 110.250
Resistance levels: 110.900, 111.100, 111.500
If the price fixes below 110.650, expect the quotes to fall toward 110.400-110.200.
Alternatively, the quotes can fall toward 111.100-111.400.
