The EUR/USD currency pair
- Prev Open: 1.10070
- Open: 1.09119
- % chg. over the last day:0.49
- Day’s range: 1.081341.09812
- 52 wk range: 1.07771.1494
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 1.080001.09550. 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.
- Support levels: 1.08000, 1.07000
- Resistance levels: 1.09550, 1.10600, 1.11600.
If the price fixes below 1.08000, expect further descend toward 1.07000.
Alternatively, the quotes could recover toward 1.105001.11000.
The GBP/USD currency pair
- Prev Open: 1.20594
- Open: 1.15803
- % chg. over the last day:3.69
- Day’s range: 1.147461.16614
- 52 wk range: 1.14661.3516
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 1.145001.16500. 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.
- Support levels: 1.14500
- Resistance levels: 1.16500, 1.20000, 1.21350
If the price fixes below 1.14500, expect the quotes to fall toward 1.13000.
Alternatively, the quotes could correct 1.180001.19000.
The USD/CAD currency pair
- Prev Open: 1.42021
- Open: 1.45086
- % chg. over the last day: +1.99
- Day’s range: 1.442561.46679
- 52 wk range: 1.29491.4668
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 1.440001.46600. 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.
- Support levels: 1.44000, 1.42750, 1.41500
- Resistance levels: 1.46600, 1.48000
If the price fixes above 1.46600, consider buying USD/CAD as the price rises toward 1.48000.
Alternatively, the quotes could descend toward 1.425001.41500.
The USD/JPY currency pair
- Prev Open: 107.604
- Open: 108.042
- % chg. over the last day: +0.63
- Day’s range: 107.996109.551
- 52 wk range: 101.19112.41
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 108.500109.500. 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.
- Support levels: 108.500, 107.850, 106.500
- Resistance levels: 109.500, 111.000
If the price fixes above 109.500, expect further growth toward 110.500111.000.
Alternatively, the quotes could descend toward 107.000106.500.
by JustforexGO, 2020.03.19
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.