{"id":135573,"date":"2018-10-16T08:50:36","date_gmt":"2018-10-16T12:50:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135573"},"modified":"2018-10-16T07:14:45","modified_gmt":"2018-10-16T11:14:45","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2018-10-16","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/the-analytical-overview-of-the-main-currency-pairs-on-2018-10-16\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2018.10.16"},"content":{"rendered":"<div id=\"inves-3371439110\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 16, 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: 1.15377<\/li>\n<li class=\"ag-analytics_item\">Open: 1.15789<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.28<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.15701 \u2013 1.15909<\/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\">Yesterday, the bullish sentiment was observed on the EUR\/USD currency pair. The US dollar was under pressure due to weak retail sales data. At the moment, the EUR\/USD quotes are consolidating. The key support and resistance levels are: 1.15700 and 1.16000, respectively. Trading instrument has the potential for further growth. We recommend opening positions from the key levels.<\/p>\n<div class=\"ag-analytics_list-title\">Economic calendar on 16.10.2018:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">&#8211; German ZEW economic sentiment index at 12:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; JOLTS job openings in the United States at 17:00 (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-2018-10-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-10-16.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is 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: 1.15700, 1.15400, 1.15000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.16000, 1.16400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the round level of 1.16000, a further increase of the EUR\/USD quotes is expected. The movement is tending to 1.16400-1.16600.<\/p><div id=\"inves-1768229563\" 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\">An alternative may be a decrease in the EUR\/USD currency pair to the level of 1.15400-1.15000.<\/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: 1.30805<\/li>\n<li class=\"ag-analytics_item\">Open: 1.31509<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.39<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.31543 \u2013 1.31972<\/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 British pound is still under pressure after it became known that the UK and the EU could not reach an agreement on Brexit. At the moment, the GBP\/USD currency pair has recovered most of the losses. Key support and resistance levels are: 1.31500 and 1.32000, respectively. Investors expect new information regarding the Brexit process. Positions should be opened from the key levels.<\/p>\n<div class=\"ag-analytics_list-title\">Economic calendar on 16.10.2018:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">&#8211; Report on the labor market in the UK at 11:30 (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\/gbpusd-2018-10-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-10-16.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 50 MA and 200 MA, which indicates the power of buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near the 0 mark. There are no signals at the moment.<\/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: 1.31500, 1.31100, 1.30700<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32000, 1.32400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixed above the resistance level of 1.32000, the further growth of the GBP\/USD quotes is expected. The movement is tending to 1.32400-1.32600.<\/p>\n<p class=\"ag-analytics_text\">An alternative may be the decrease of the GBP\/USD currency pair to the level of 1.31100-1.30700.<\/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: 1.30147<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29915<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.22<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29805 \u2013 1.29969<\/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, aggressive sales were observed on the USD\/CAD currency pair. Trading instrument has updated local lows. At the moment, quotes are consolidating. The technical pattern is ambiguous. Local support and resistance levels are: 1.29700 and 1.30000, respectively. Positions should be opened from these marks. The USD\/CAD currency pair has the potential for further correction.<\/p>\n<p class=\"ag-analytics_text\">The news feed on the economy of Canada is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-10-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-10-16.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price is located between 50 MA and 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the bearish 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: 1.29700, 1.29400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30000, 1.30400, 1.30650<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support of 1.29700, it is necessary to look for entry points to the market to open short positions. The target movement level is 1.29400-1.29200.<\/p>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes above the round level of 1.30000, the growth of the USD\/CAD quotes is expected. The movement is tending to 1.30400-1.30600.<\/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: 112.131<\/li>\n<li class=\"ag-analytics_item\">Open: 111.767<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.33<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 112.089 \u2013 112.129<\/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\">Since the beginning of this week, trades on the USD\/JPY currency pair have been rather active. At the same time, a unidirectional trend is not observed. At the moment, the local support and resistance levels are: 111.900 and 112.250, respectively. Positions should be opened from these marks. Trading instrument is tending to recover.<\/p>\n<p class=\"ag-analytics_text\">Publication of important economic reports from Japan is not planned.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-10-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-10-16.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the USD\/JPY quotes have fixed between 50 MA and 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram has moved into the positive zone, which indicates the bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is near the overbought zone, the %K line is crossing the %D line. There are no accurate signals.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 111.900, 111.600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 112.250, 112.600, 113.000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the resistance level of 112.250, the USD\/JPY quotes growth is expected. The movement is tending to 112.600-112.800.<\/p>\n<p class=\"ag-analytics_text\">Alternative option. If the price fixes below 111.900, we recommend looking for entry points to the market to open short positions. The target movement level is 111.600-111.400.<\/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: 1.15377 Open: 1.15789 % chg. over the last day: +0.28 Day&#8217;s range: 1.15701 \u2013 1.15909 52 wk range: 1.0571\u00a0\u2013 1.2557 Yesterday, the bullish sentiment was observed on the EUR\/USD currency pair. The US dollar was under pressure due to weak retail [&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-135573","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135573","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=135573"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135573\/revisions"}],"predecessor-version":[{"id":135575,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135573\/revisions\/135575"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}