Analytics by JustForex
Yesterday the major currencies were calm. The FOMC Minutes did not affect the USD. The Federal Reserve officials mentioned that the US economy and the Labour Market remain stable. At the same time, the regulator plans to track the growing risks in the world economy more carefully, and is not going to hurry with raising the key interest rates this year. The trading instrument is testing 1.13600-1.13700. 1.13300 acts as the key support. You should open positions from these levels.
The Economic News Feed for 21.02.2019:
The indicators do not provide precise signals, the price crossed 50 MA.
The MACD histogram is close to 0.
The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no signals.
Free Reports:
If the price crosses above 1.13700, expect the quotes to grow toward 1.14000-1.14200.
Alternatively, the quotes can descend toward the round 1.13000.
GBP/USD is stabilizing after a sharp growth. The trading instrument is consolidating. The GBP/USD quotes are testing the key support and resistance levels: 1.30250 and 1.30850. The financial market participants are watching the Brexit situation. Theresa May declared that the Brexit negotiations are so far successful. The pound can recover further. You should open positions from the key levels.
The Economic News Feed for 21.02.2019 is calm.
The indicators point to the power of the buyer: the price fixed above 50 MA and 200 MA.
The MACD histogram is in the positive zone, which recommends buying GBP/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to bullish mood.
If the price fixes above 1.30850, the quotes are expected to grow toward 1.31250-1.31400.
Alternatively, the quotes can descend toward 1.29800-1.28600.
USD/CAD is showing an ambiguous technical picure. Right now the CAD is in a flat. USD/CAD is testing the key support and resistance levels: 1.31800 and 1.32100. The trading instrument has a tendency to descend. An additional support is provided by the positive oil quotes dynamics. You should keep an eye on the US economic reports. You should open positions from the key levels.
The Economic News Feed for 21.02.2019:
The indicators do not provide precise signals, the price is testing 50 MA, which acts as a strong dynamic resistance.
The MACD histogram is close to 0.
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 1.31800 support level, you should expect a further descend of the USD/CAD quotes. The movement will tend toward 1.31500-1.31300.
Alternatively, the quotes can grow toward 1.32300-1.32500.
The safe haven currency is stable. The USD/JPY quotes are consolidating at 110.650-110.900. The financial market participants are waiting for additional drivers. The US economic reports are in the spotlight. Keep an eye on the relevant data regarding the US/China negotiations and open positions from the key levels.
The Economic News Feed for 21.02.2019 is calm.
The indicators do not provide precise data, the price has crossed 50 MA and 200 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 to a bearish mood.
If the price fixes below 110.650, expect the quotes to fall toward 110.400-110.200.
Alternatively, the quotes can fall toward 111.100-111.400.
Analytics by JustForex
