Analytics by JustForex
EUR/USD is in a bearish mood. The USD is supported by the positive bond yield dynamics. The quotes are testing 1.14100 local support with 1.14400 acting as a mirror resistance. The trading instrument has prospects for further growth. Investors are waiting for an array of reports. You should open positions from the key levels.
The Economic News Feed for 05.02.2019:
Indicators do not provide precise signals, the price has crossed 50 MA
The MACD histogram is in the negative zone and keeps descending, sending a strong signal yo sell EUR/USD.
The Stochastic Oscillator is near the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.
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If the price fixes below 1.14100 expect the EUR/USD quotes to descend further toward 1.13800-1.13500.
Alternatively, the quotes can grow toward 1.14600-1.14800.
GBP/USD remains in a long flat. The GBP is under pressure due to weak reports on business activity in the UK. GBP/USD is consolidating around 1.30150-1.30550 with further descent prospects. Keep an eye on Brexit and open positons from the key levels.
At 11:30(GMT+2:00) the UK will publish a service industry PMI.
The price fixed below 50 MA and 200 MA which points to 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 GBP/USD.
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 local support of 1.30150 expect the quotes to fall toward 1.29750-1.29500.
Alternatively the quotes can grow toward the round 1.31000.
The CAD stabilized. USD/CAD are moving in a flat. The key support and resistance levels are 1.31000 and 1.31350. A technical correction is possible after a long fall. Keep an eye on the US news feed and open positions from the key levels.
The Economic News Feed for 05.02.2019:
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 above the %D line, which points towards a correction of USD/CAD.
If the price fixes above 1.31350 expect the USD/CAD quotes to correct toward 1.31650-1.32000.
Alternatively the quotes can fall toward 1.30700-1.30500.
USD/JPY is consolicating after a significant rally at the beginning of the month. The key levels are 109.800 and 110.100. The USD is supported by the positive Treasury bonds yield dynamic. The quotes have a potential to grow further. Keep an eye on the US economic reports.
The Economic News Feed for 05.02.2019 is calm.
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 a weak signal to sell USD/JPY.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to a bullish mood.
If the price fixe above 110.100 expect the quotes to grow toward 110.500-110.700.
Alternatively the quotes can descend toward 109.600-109.400.
Analytics by JustForex
