{"id":136648,"date":"2018-11-05T08:45:29","date_gmt":"2018-11-05T13:45:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136648"},"modified":"2018-11-05T07:09:02","modified_gmt":"2018-11-05T12:09:02","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2018-11-05","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/the-analytical-overview-of-the-main-currency-pairs-on-2018-11-05\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2018.11.05"},"content":{"rendered":"<div id=\"inves-1425420103\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 5, 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: 1.14058<\/li>\n<li class=\"ag-analytics_item\">Open: 1.13861<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.19<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.13774 \u2013 1.13996<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1299\u00a0\u2013 1.2557<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">On Friday, November 2, trading on currency majors was very active. The US have published a rather optimistic report on the labor market for October. The dollar index (#DX) closed in the positive zone (+0.27%). Demand for the US currency is still high. At the moment, the EUR\/USD quotes are consolidating in the range of 1.13750-1.14000. We recommend opening positions from these marks.<\/p>\n<div class=\"ag-analytics_list-title\">The news feed on 05.11.2018:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">At 17:00 (GMT+2:00) the ISM non-manufacturing PMI will be published.<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-11-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-11-05.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has crossed 50 MA and 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is close to 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: 1.13750, 1.13400, 1.13100<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.14000, 1.14250, 1.14500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the round level of 1.14000, the EUR\/USD quotes are expected to grow. The movement is tending to 1.14250-1.14500.<\/p><div id=\"inves-3882195988\" 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 1.13750, it is necessary to look for entry points to the market to open short positions. The movement is tending to 1.13400-1.13100.<\/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: 1.29981<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30215<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.29<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29835 \u2013 1.30247<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2662\u00a0\u2013 1.4378<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair is in a sideways trend after a sharp rise last week. At the moment, quotes are testing local support and resistance levels: 1.29800 and 1.30300, respectively. The trading instrument has the potential for further growth. We recommend following the current information regarding the Brexit process.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+2:00) the index of economic activity in the UK services sector will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-11-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-11-05.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price is testing 50 MA.<\/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 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: 1.29800, 1.29500, 1.29100<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30300, 1.30750<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the resistance level of 1.30300, a further increase in the GBP\/USD currency pair is expected. The movement is tending to 1.30600-1.30800.<\/p>\n<p class=\"ag-analytics_text\">An alternative may be a drop in the GBP\/USD quotes to 1.29500-1.29200.<\/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: 1.30847<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30879<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.17<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.30778 \u2013 1.31127<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2248\u00a0\u2013 1.3387<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The technical pattern on the USD\/CAD currency pair is ambiguous. At the moment, USD\/CAD quotes are consolidating. Investors expect additional drivers. Local support and resistance levels are 1.30850 and 1.31200, respectively. Positions should be opened from these marks.<\/p>\n<p class=\"ag-analytics_text\">Today, the publication of important economic reports from Canada is not planned. We recommend paying attention to the speech by the Bank of Canada governor.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-11-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-11-05.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: 50 MA has crossed 200 MA.<\/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 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: 1.30850, 1.30500, 1.30200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.31200, 1.31450, 1.31700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support of 1.30850, the USD\/CAD quotes are expected to fall. The movement is tending to 1.30500-1.30300.<\/p>\n<p class=\"ag-analytics_text\">An alternative may be the growth of the USD\/CAD currency pair to the level of 1.31450-1.31700.<\/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: 112.648<\/li>\n<li class=\"ag-analytics_item\">Open: 113.148<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.43<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 113.108 \u2013 113.337<\/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 USD\/JPY currency pair is still in a sideways trend. The unidirectional trend is not observed. At the moment, the USD\/JPY quotes are consolidating near the key resistance of 113.350. The round level of 113.000 is already a &#8220;mirror&#8221; support. We recommend paying attention to the US government bonds yield. Positions should be opened from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on the economy of Japan is quite calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-11-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-11-05.jpg\" alt=\"USD\/JPY\" \/> <\/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 in the positive zone, but below the signal line, which gives a weak signal to buy USD\/JPY.<\/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: 113.000, 112.650, 112.350<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 113.350, 113.700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the resistance level of 113.350, the USD\/JPY quotes growth is expected. The movement is tending to 113.700-114.000.<\/p>\n<p class=\"ag-analytics_text\">An alternative may be a decrease in the USD\/JPY currency pair to 112.700-112.500.<\/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: 1.14058 Open: 1.13861 % chg. over the last day: -0.19 Day&#8217;s range: 1.13774 \u2013 1.13996 52 wk range: 1.1299\u00a0\u2013 1.2557 On Friday, November 2, trading on currency majors was very active. The US have published a rather optimistic report on the [&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-136648","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136648","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=136648"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136648\/revisions"}],"predecessor-version":[{"id":136650,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136648\/revisions\/136650"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}