The Analytical Overview of the Main Currency Pairs on 2019.01.21

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.13912
  • Open: 1.13603
  • % chg. over the last day: -0.31
  • Day's range: 1.13739 – 1.13865
  • 52 wk range: 1.1214 – 1.2557

On Friday EUR/USD was in a bearish mood. The USD strengthened against the EUR due to positive breakthrough in the US/China trading conflict. Right now the technical picture is ambiguous. You should open positions key levels are 1.13650-1.14000. Further descend is possible.

The Economic News Feed for 21.01.2019 is calm. The financial markets are closed due to Martin Luther King day.

EUR/USD

The indicators point to the power of the buyers, the price fixed below 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 the bearish mood..

Trading recommendations
  • Support levels: 1.13650, 1.13300
  • Resistance levels: 1.14000, 1.14400, 1.14750

If the price fixed below 1.13650 expect the quotes to fall toward 1.13300-1.130000.

Alternatively the quotes can grow toward 1.14400-1.14600.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29845
  • Open: 1.28766
  • % chg. over the last day: -0.86
  • Day's range: 1.28375 – 1.28488
  • 52 wk range: 1.2438 – 1.4378

On Friday GBP/USD was in an agressive sell-off due to the weak economic reports. The volume of the retail sales lowered by 0.9% in December while the experts predicted 0.8%. Previous data were also reviewed for the worse - from 1.4% to 1.3%. The basis retail sale index reached 2.6% instead of 3.9%. You should open positions from the key levels of 1.28300 and 1.28750. The trading instrument can descend further.

The Economic News Feed for 21.01.2019 is calm.

  • - Economic Event (GB) – 00:00 (GMT+2:00);
  • - Economic Event (GB) – 00:00 (GMT+2:00);
  • - Economic Event (GB) – 00:00 (GMT+2:00);
GBP/USD

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

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

Trading recommendations
  • Support levels: 1.28300, 1.27900, 1.27500
  • Resistance levels: 1.28750, 1.29200, 1.29700

If the price fixes below 1.28300, look for the market entry points to open short positions. The movement will tend toward 1.27900-1.27700.

Alternatively the quotes can grow toward 1.29200-1.29450.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.32740
  • Open: 1.32597
  • % chg. over the last day: -0.14
  • Day's range: 1.32829 – 1.32890
  • 52 wk range: 1.2248 – 1.3664

USD/CAD is in a variety of trends. On Friday Canada published an economic report which said that the basis consumer price index in December lowered by 0.2%, as expected. Right now the key levels are 1.32650 and 1.33000. You should open positions from these levels.

The Economic News Feed for 21.01.2019 is calm.

USD/CAD

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

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

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

Trading recommendations
  • Support levels: 1.32650, 1.32400, 1.32100
  • Resistance levels: 1.33000, 1.33250

If the price fixes above the round 1.33000 consider buying USD/CAD. The movement will tend toward 1.33250-1.33500

Alternatively the quotes can fall toward 1.32400-1.32200.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 109.212
  • Open: 109.695
  • % chg. over the last day: +0.49
  • Day's range: 109.584 – 109.631
  • 52 wk range: 104.56 – 114.56

On Friday the USD/JPY was in a bullish mood. The quotes grew by 70 points. At the moment, the technical picture is ambiguous, the investors are waiting for additional drivers. The key levels are 109.450 and 109.750. A technical correction is possible soon.

The Economic News Feed for 21.01.2019 is calm.

USD/JPY

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 aweak signal to buy USD/JPY.

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: 109.450, 109.100, 108.750
  • Resistance levels: 109.750, 110.00

If the price fixes below 109.450, the quotes will correct toward 109.100-108.750.

Alternatively the quotes can grow toward 110.000.

by JustMarkets, 2019.01.21

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.

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