by JustForex
The USD is being traded in balance with the other major currencies. The financial market in Australia, Hong Kong and many other major European countries are closed due to the Easter holidays. The trading activity and volatility can be lowered. EUR/USD is consolidated. The local support and resistance levels are 1.12300 and 1.12500. The trading instrument can descend further. You should open positions from the key levels.
At 17:00 (GMT+3:00) the US will publish the sales report on the secondary real estate market.
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 strong signal to sell EUR/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the bullish mood.
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If the price fixes above 1.12300, expect further descend towards 1.12000.
Alternatively, the quotes can recover toward 1.12700-1.12900.
GBP is stabilizing after a long fall last week. The GBP/USD quotes are consolidating next to the monthly minimums. The local support and resistance levels are 1.29800 and 1.30100. A further weakening of GBP remains possible. Keep an eye on the Brexit situation and open positions from the key levels.
The Economic News Feed for 22.04.2019 is calm.
The price fixed below 50 MA and 200 MA which points to the power of the 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 in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
If the price fixes below 1.29800, expect further descend towards 1.29500-1.29300.
Alternatively, the quotes can recover toward 1.30350-1.30500.
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.
USD/CAD shows an ambiguous technical picture. The CAD is consolidating at 1.33550-1.33800 range. The demand is high due to positive oil quotes dynamics. The WTI futures set the new annual maximums. USD/CAD has a tendency to descend, you should open positions from the key levels.
The Economic News Feed for 22.04.2019 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, which points to the bearish mood.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which gives a signal to buy USD/CAD.
If the price fixes below 1.33550, expect further descend towards 1.33000.
Alternatively, the quotes can grow towards 1.34000-1.34200.
USD/JPY keeps consolidating in a narrow range. The technical picture remains ambiguous. The local support and resistance levels are 111.800 and 112.100. The financial market participants are waiting for additional drivers. Keep an eye on the US Treasury bonds’ yield and open positions from the key levels.
The Economic News Feed for 22.04.2019 is calm.
The indicators do not provide precise signals, the price crossed 50 MA.
The MACD histogram is close to 0.
The Stochastic Oscillator is near the oversold zone, the %K line is below the %D line, which gives a weak signal to sell USD/JPY.
If the price fixes below 111.800, expect further correction toward 111.600-111.400.
Alternatively, the currency pair can grow toward 112.300-112.500.
by JustForex
