by JustForex
EUR/USD retreated from the local maximums. The demand for USD has grown after the comments by the Federal Reserve. The regulator saved the key interest range at the previous 2.25-2.50%. Central Bank noted a stable economy growth, the labour market stability and optimistic expectations regarding the inflation. Right now the quotes are consolidating around 1.11850-1.12100. The trading instrument has a tendency for further correction. You should open positions from the key levels.
The Economic News Feed for 02.05.2019:
The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.
The MACD histogram is in the negative zone and below the signal line which gives a strong signal to sell EUR/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points to the bearish mood.
Free Reports:
If the price fixes below 1.11850, expect further correction toward 1.11600-1.11400.
Alternatively, the quotes can grow toward 1.12350-1.12600.
GBP/USD is in an overall bullish mood. The demand for GBP is supported by the positive results of Theresa May’s negotiations with the main opposition party. Right now GBP/USD is consolidating around 1.30350-1.30750 range. The investors are waiting for the Bank of England to announce the new key interest rate. It is expected that the regulartor will keep the current monetary policy at the previous levels. Keep an eye on the Central Bank’s comment and rhetorics and open positions from the key levels.
The Economic News Feed for 02.05.2019 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 buy GBP/USD.
The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the bullish mood.
If the price fixes above 1.30750, expect further growth toward 1.31250-1.31400.
Alternatively, the quotes can correct toward 1.30000.
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 has been very active the last couple of days. There is no defined trend. Right now CAD is consolidating around 1.34200-1.34500. The trading instrument has a tendency to fall. Keep an eye on the oil quotes dynamics and open positions from the key levels.
The Economic News Feed for 02.05.2019 is calm.
The indicators do not provide precise signals, 50 MA has crossed 200 MA.
The MACD histogram is in the positive zone but below the signal line which gives a weak signal to buy USD/CAD.
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 above 1.34500, consider buying USD/CAD. The movement will tend toward 1.34750-1.35000.
Alternatively, the quotes can descend toward 1.33900-1.33700.
USD/JPY has an ambiguous technical picture. The trading instrument is consolidating. The USD/JPY quotes are testing the local support and resistance levels at 111.350 and 111.650. The investors are waiting for additional drivers. The demand for the USD remains high after the Federal Reserve comments. You should open positions from the key levels.
The Economic News Feed for 02.05.2019 is calm. The markets are closed due to the national holiday.
The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.
The MACD histogram is in the positive zone and above the signal line which gives a strong signal to buy USD/JPY.
The Stochastic Oscillator is in the positive zone and above the signal line which indicates a bearish mood.
If the price fixes below 111.350, expect the quotes to fall toward 111.000.
Alternatively, the quotes can grow toward 111.900-112.150.
by JustForex
