Analytics by JustForex
EUR has recovered the majority of the losses after a sharp descend on Wednesday. At the moment the quotes are consolidating at 1.13800-1.14100, you should open positions from these levels. The investors are waiting for the US labour report for December. Keep in mind that the forecasted and real values can be different.
The Economic News Feed for 04.01.2019:
You should also keep an eye on the statements by the head of Federal Reserve.
Indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.
The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy EUR/USD.
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The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.
If the price fixes below the mirror support of 1.13800, expect the quotes to fall toward 1.13500-1.13200
Alternatively the quotes can correct toward 1.14500-1.14700.
The pound has started to recover after a sharp downfall before. The financial market participants are waiting for fresh news regarding Brexit. The GBP/USD quotes are consolidating. The key trading range is 1.26000-1.26500, you should open positions from these levels. Keep an eye on the US Labour Market report.
At 11:30 (GMT+2:00) the UK will publish the Service PMI.
The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.
The MACD histogram is in the positive zone and keeps rising, which points toward a bullish sentiment.
The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no precise signals.
If the price fixes above 1.26500, expect the further correction of the GBP/USD toward 1.27000-1.27400.
Alternatively the quotes can correct toward 1.25500-1.25000.
USD/CAD is showing an aggressive sell-off. During the last two days, the quotes have fallen by 130 points. The CAD has updated the local minimums despite being supported by the positive oil quotes trend. The key range is 1.34450-1.34850, you should open the positions from these levels. The currency pair has prospects for further descend, based on the Labour Market reports for US and Canada.
At 15:30 (GMT+2:00) Canada will publish the Labour Market report.
The price fixed below 50 MA and 200 MA which indicates the power of the sellers.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD/CAD.
The Stochastic Oscillator is around the oversold zone, the %K line is below the %D line, which also indicates a bearish sentiment.
If the price fixes below 1.34450, expect the quotes to fall further toward 1.34000.
Alternatively the quotes can rise toward 1.35000-1.35250.
The USD/JPY currency pair is consolidating after a long fall. There is no defined trend. The key support and resistance levels are 107.400-108.400. A tecnical correction is possible soon. The US labour market report is in the spotlight.
The Economic News Feed for 04.01.2019 is calm.
The indicators do not provide precise signals, the price has crossed 50 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 toward the fall of the USD/JPY quotes.
If the price fixes above 108.400, expect the quotes to correct toward 109.000-109.500.
Alternatively, the quotes can fall toward 107.000-106.500.
Analytics by JustForex
