{"id":132917,"date":"2018-08-31T08:15:47","date_gmt":"2018-08-31T12:15:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132917"},"modified":"2018-08-31T07:17:14","modified_gmt":"2018-08-31T11:17:14","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2018-08-31","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/the-analytical-overview-of-the-main-currency-pairs-on-2018-08-31\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2018.08.31"},"content":{"rendered":"<div id=\"inves-3843450619\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 31, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Analytics by\u00a0<a href=\"https:\/\/justforex.com\/?utm_source=countingpips&amp;utm_medium=article&amp;utm_campaign=analytics_market_overview\" target=\"_blank\" rel=\"noopener\"><u>JustForex<\/u><\/a><\/strong><\/p>\n<h2 class=\"ag-analytics_title\">The EUR\/USD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.17060<\/li>\n<li class=\"ag-analytics_item\">Open: 1.16639<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.37<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.16596 \u2013 1.16901<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0571\u00a0\u2013 1.2557<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair is consolidating. A unidirectional trend is not observed. At the moment, the key levels of support and resistance are: 1.16600 and 1.17000 respectively. In the near future, a technical correction after a prolonged rally over the past two weeks is not ruled out. We recommend opening positions from the key levels.<\/p>\n<div class=\"ag-analytics_list-title\">Important economic reports on 2018.08.31:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">&#8211; The consumer price index in the Eurozone at 12:00 (GMT+3:00).<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-08-31.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-08-31.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals. The price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is located near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.16600, 1.16200, 1.15900<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.17000, 1.17300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the round level of 1.17000, further growth of the EUR\/USD currency pair is expected. The movement is tending to 1.17300-1.17500.<\/p><div id=\"inves-3210742353\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes below the 1.16600 mark, we recommend considering sales of EUR\/USD. The movement is tending to 1.16200-1.16000.<\/p>\n<h2 class=\"ag-analytics_title\">The GBP\/USD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.30244<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30053<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.12<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29929 \u2013 1.30251<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2361\u00a0\u2013 1.4345<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD has stabilized near the round of 1.30000. At the moment, the quotes are consolidating. The key range is 1.29850-1.30350. The technical pattern indicates the possibility of further recovery of the pound&#8217;s rate. Positions must be opened from the key levels. We recommend you to keep track of the current information regarding the Brexit process.<\/p>\n<p class=\"ag-analytics_text\">Today, the news feed on the UK economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-08-31.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-08-31.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 50 MA and 200 MA, which signals the power of buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy GBP\/USD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.29850, 1.29350, 1.29000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30350, 1.30600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the 1.30350 mark, further growth of the GBP\/USD currency pair is expected. The target level of movement is 1.30600-1.30750.<\/p>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes below the local support of 1.29850, we recommend considering sales of GBP\/USD. The target level of movement is 1.29400-1.29200.<\/p>\n<h2 class=\"ag-analytics_title\">The USD\/CAD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.29077<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29708<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.64<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29593 \u2013 1.30230<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2059\u00a0\u2013 1.3795<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday the bullish sentiment prevailed on the USD\/CAD currency pair. The growth of quotations exceeded 70 points. This is due to the release of weak data on Canada&#8217;s GDP. Today, the Canadian dollar continued to lose ground. At the moment, the USD\/CAD quotations are consolidating. The key range is 1.29850-1.30200. The trading instrument is tending to grow.<\/p>\n<p class=\"ag-analytics_text\">Today, the news feed on Canada&#8217;s economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-08-31.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-08-31.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 50 MA and 200 MA, which signals the power of buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone and above the signal line, which indicates the bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is located in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.29850, 1.29500, 1.29000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30200, 1.30500, 1.30850<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the local resistance of 1.30200, further growth of the USD\/CAD quotes is expected. The movement is tending to 1.30500-1.30850.<\/p>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes below 1.29850, it is necessary to consider selling USD\/CAD. The movement is tending to 1.29500-1.29300.<\/p>\n<h2 class=\"ag-analytics_title\">The USD\/JPY currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 111.691<\/li>\n<li class=\"ag-analytics_item\">Open: 110.965<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.59<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 110.695 \u2013 111.135<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.56\u00a0\u2013 114.74<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The bearish sentiment prevails on the USD\/JPY currency pair. During yesterday&#8217;s and today&#8217;s trading, the drop in quotations was almost 100 points. The trading instrument has updated local extremes. At the moment, USD\/JPY is testing the &#8220;mirror&#8221; support of 110.700. The 110.950 marks the nearest resistance. The USD\/JPY quotes is tending to decline.<\/p>\n<p class=\"ag-analytics_text\">Ambiguous economic reports were published in the Asian trading session.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-08-31.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-08-31.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell USD\/JPY.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which indicates a fall in USD\/JPY.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 110.700, 110.450, 110.250<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 110.950, 111.150, 111.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 110.700, the USD\/JPY quotes are expected to fall further. The movement is tending to 110.450-110.250.<\/p>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes above the 110.950 level, one should consider buying USD\/JPY. The movement is tending to 111.150-111.400.<\/p>\n<p><strong>Analytics by\u00a0<a href=\"https:\/\/justforex.com\/?utm_source=countingpips&amp;utm_medium=article&amp;utm_campaign=analytics_market_overview\" target=\"_blank\" rel=\"noopener\"><u>JustForex<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analytics by\u00a0JustForex The EUR\/USD currency pair Technical indicators of the currency pair: Prev Open: 1.17060 Open: 1.16639 % chg. over the last day: -0.37 Day&#8217;s range: 1.16596 \u2013 1.16901 52 wk range: 1.0571\u00a0\u2013 1.2557 The EUR\/USD currency pair is consolidating. A unidirectional trend is not observed. At the moment, the key levels of support and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-132917","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=132917"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132917\/revisions"}],"predecessor-version":[{"id":132919,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132917\/revisions\/132919"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=132917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=132917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=132917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}