The Analytical Overview of the Main Currency Pairs on 2019.02.15

The EUR/USD currency pair

• Prev Open: 1.12602
• Open: 1.12939
• % chg. over the last day: +0.25
• Day's range: 1.12715 – 1.12969
• 52 wk range: 1.1214 – 1.2557

EUR/USD has an ambiguous technical picture. Right now the quotes are consolidating after a long fall. The demand for USD remains high. The investors are waiting for additional drivers. The US/China negotiations and Donald Trump`s edicts regarding the White House operations are in the spotlight. The local support and resistance levels are 1.12700 and 1.13000. You should open positions from these levels.

At 15:30 (GMT+2:00) the US will publish an array of economic reports. Keep an eye on the difference between the real and forecasted data.

The indicators do not provide precise signals, the price has crossed 50 MA.

The MACD is close to 0

The Stochastic Oscillator is in the neutral zone, the %K line has started to cross the %D line. There are no signals at the moment.

• Support levels: 1.12700, 1.12500, 1.12000
• Resistance levels: 1.13000, 1.13250, 1.13500

If the price fixes below 1.12700 expect the quotes to fall toward 1.12300-1.12000.

Alternatively, the quotes can recover toward 1.13250-1.13500.

The GBP/USD currency pair

• Prev Open: 1.28444
• Open: 1.27972
• % chg. over the last day: -0.37
• Day's range: 1.27891 – 1.28226
• 52 wk range: 1.2438 – 1.4378

The pound remains under pressure due to the Brexit conundrum and weak economic reports. Yesterday, the parliament of the UK refused Theresa May's proposal to move the Brexit date. Right now the quotes are consolidating at 1.27800-1.28200. You should open positions from these levels.

At 11:30 (GMT+2:00) the UK will publish the retail sales report.

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

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 close the the overbought zone, the %K line is crossing the %D line. There are no signals at the moment.

• Support levels: 1.27800, 1.27500, 1.27000
• Resistance levels: 1.28200, 1.28500, 1.28850

If the price fixes below 1.27800 expect the quotes to fall toward 1.27500-1.27300.

Alternatively, the quotes can recover toward 1.28600-1.28900.

The USD/CAD currency pair

• Prev Open: 1.32520
• Open: 1.32905
• % chg. over the last day: +0.30
• Day's range: 1.32878 – 1.33128
• 52 wk range: 1.2248 – 1.3664

USD/CAD is consolidating close to the monthly maximums. The technical picture is ambigous. The local support and resistance levels are 1.32900 and 1.33250. You should open positions from these levels. Keep an eye on the US economic reports and the oil quotes dynamics.

The Economic News Feed for 15.02.2019 is calm.

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

The MACD histogram is in the positive zone, but below the signal line which gives a weak signal to sell USD/CAD.

The Stochastic Oscillator is in the negative zone, the %K line is above the %D line which points to a bullish mood.

• Support levels: 1.32900, 1.32600, 1.32300
• Resistance levels: 1.33250, 1.33600

If the price fixes above 1.33250, expect the quotes to grow toward 1.33600-1.33800.

Alternatively, the quotes can fall toward 1.32600-1.32300.

The USD/JPY currency pair

• Prev Open: 110.972
• Open: 110.440
• % chg. over the last day: -0.41
• Day's range: 110.257 – 110.550
• 52 wk range: 104.56 – 114.56

The USD/JPY started to descend. During the last tow days of trading, the quotes fell by 60 points. The safe haven currency updated the key extremums and is consolidating around 110.250-110.500. The quotes have a tendency to descend further. Keep an eye on the US news feed and open positions from the key levels.

The Economic News Feed for 15.02.2019 is calm.

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the negative zone but above the signal line, which gives a weak signal to sell 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.

• Support levels: 110.250, 110.000, 109.600
• Resistance levels: 110.500, 110.650, 110.850

If the price fixes below 110.250, expect the quotes to fall toward 110.000-109.800.

Alternatively, the quotes can grow toward 110.700-110.900.

by JustMarkets, 2019.02.15

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.