The US dollar is trading in different directions, despite the support from the rising expectations of a Fed rate hike. So in the course of their speeches, Fed officials Eric Rosengren and Loretta Mester expressed support for three rate increases this year, moreover they did not rule out the possibility of a fourth rate increase. Statistics: Eurozone current account balance in January is 24.1 billion, while the forecast is 29.3 billion. EURUSD:

Quotes of the EURUSD currency pair stabilized after yesterday’s jump to the top amid the confident performance of Macron during the televised debates. The MACD indicator is growing, remaining above the zero line, showing the growing potential of bulls. Moving averages do not give clear signals. The Stoch indicator is in the overbought zone, indicating the possibility of a downward correction. Despite the rebound from the level of 1.0819, the medium-term bullish trend is still in force. So in the case of renewed growth, breakdown and consolidation of quotes above the level of 1.0819, we can expect the continuation of the bullish dynamics in the direction of the level of 1.0932. Trading recommendations In case of a breakdown and fixing of quotes above the level of 1.0819, you can consider purchases with short stops below the level.

GBPUSD:

Quotes of the GBPUSD currency pair were declining, pending a vote in the Scottish Parliament on whether to hold a second referendum on independence. The MACD indicator is rising after crossing the zero line, giving a bullish signal. Moving averages do not give clear signals. A bearish divergence between the quotes and the Stoch indicator formed on the chart. After that, we can expect the continuation of the downward correction to the level of 1.2400.

USDCHF:

USDCHF currency pair quotes continue to decline after consolidation below 0.9946. The MACD indicator continues to decline after crossing the zero line, showing the growing potential of bears. Moving averages do not give clear signals. The Stoch indicator is in the oversold zone, indicating the possibility of an upward correction. After the breakdown and consolidation of quotes below the level of 0.9946, we can expect the continuation of the downward movement to test the level of 0.9852.

EUR / JPY:

Quotes of the EUR / JPY currency pair resumed their decline after the publication of data on the growth of Japan’s trade balance in February. The decline in stocks in stock markets also supports the demand for the Japanese currency as an asset safe haven. The MACD indicator goes down after crossing the zero line, giving a bearish signal. Moving averages do not give clear signals. In this situation, we can expect the continuation of the downward movement to test the level of 119.50.

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