{"id":137369,"date":"2018-11-16T08:47:41","date_gmt":"2018-11-16T13:47:41","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137369"},"modified":"2018-11-16T07:30:35","modified_gmt":"2018-11-16T12:30:35","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2018-11-16","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/the-analytical-overview-of-the-main-currency-pairs-on-2018-11-16\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2018.11.16"},"content":{"rendered":"<div id=\"inves-737628551\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 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: 1.13067<\/li>\n<li class=\"ag-analytics_item\">Open: 1.13230<\/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: 1.13215 \u2013 1.13679<\/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\">EUR keeps slowly recovering. At the moment, the EUR\/USD quotes are testing the local resistance 1.13650. The nearest support line is 1.13200. The investors are waiting for the EU inflation report, positions should be opened from the key levels. The currency pair has good prospects for growth.<\/p>\n<div class=\"ag-analytics_list-title\">The Economic News Feed for 2018.11.16:<\/div>\n<ul>\n<li>&#8211; Customer Price Index (EU) &#8211; 12:00 (GMT+2:00);<\/li>\n<li>&#8211; Manufacturing Index (US) &#8211; 16:15 (GMT+2:00).<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-11-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2018-11-16.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators do not provide precise signals, the price went over 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone and above the signal line, which give a strong signal towards the purchase of EUR\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line crosses 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: 1.13200, 1.12700, 1.12200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.13650, 1.14000, 1.14400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.13650, expect further growth. Potentially towards 1.14000-1.14400.<\/p><div id=\"inves-2320438009\" 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\">Alternatively, the price will fix below 1.13200 and you should consider selling EUR\/USD. The movement will tend toward 1.12800-1.12600.<\/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: 1.29812<\/li>\n<li class=\"ag-analytics_item\">Open: 1.27629<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -1.77<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.27564 \u2013 1.28339<\/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\">Political pressure regarding Brexit keeps pushing the pound down. The fall of the GBP\/USD quotes went over 200 pounds. The Secretary of UK for Exiting the EU, Dominic Raab, announced his resignation due to inability to approve the current London\/Brussels negotiations. GBP\/USD is currently being traded between 1.27800-1.28400. You should open the positions from these levels.<\/p>\n<p class=\"ag-analytics_text\">No important publications are planned for today.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-11-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2018-11-16.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price is below both 50 MA and 200 MA, which indicates the power of the sellers.<\/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 towards the sale of GBP\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in near the overbought zone, the %K line begins to cross the %D line, which provides no 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: 1.27800, 1.27250, 1.27000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.28400, 1.29000, 1.29500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the current support 1.27800, expect further descend of the quotes toward 1.27300-1.27000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can rise towards the 1.28800-1.29000.<\/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: 1.32404<\/li>\n<li class=\"ag-analytics_item\">Open: 1.31762<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.50<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.31490 \u2013 1.31808<\/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 USD\/CAD quotes started to go down. Yesterday they descended for 65 points. At the moment, it is consolidating. The local support and resistance levels are 1.31500 and 1.31800. USD\/CAD has potential for further correction.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+2) expect data regarding the Manufacturing Sales in Canada.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-11-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2018-11-16.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators show the power fo the sellers: the price fixed below 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 give a weak signal towards a sale of USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish mood.<\/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, 1.31200, 1.30900<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.31800, 1.32150, 1.32500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.31150, consider selling USD\/CAD. The movement will tend toward the round 1.31200-1.31000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the currency pair can grow to 1.32000-1.32200.<\/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: 113.602<\/li>\n<li class=\"ag-analytics_item\">Open: 113.637<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.04<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 113.215 \u2013 113.637<\/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 quotes are showing an ambiguous technical picture. The trading instrument is in the flat. At the moment the local support and resistance lines are 113.200 and 113.400. Positions should be opened from these levels. Investors are waiting for the additional drivers, for example the economic reports from the US.<\/p>\n<p class=\"ag-analytics_text\">There have been no important news from Japan today.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-11-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2018-11-16.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price is below 50 MA and 200 MA, which indicates the power of the sellers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is around in the negative zone but below the signal line. It provides a strong signal towards the sale of JPY\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the negative zone, the %K line is above the %D line, which indicates a bullish mood.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 113.200, 113.000, 112.700<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 113.450, 113.650, 114.000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support 113.200, expect a further descend of the quotes. The movement will tend toward 113.000-112.700.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, quotes can grow towards 113.600-113.800.<\/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: 1.13067 Open: 1.13230 % chg. over the last day: +0.12 Day&#8217;s range: 1.13215 \u2013 1.13679 52 wk range: 1.1299\u00a0\u2013 1.2557 EUR keeps slowly recovering. At the moment, the EUR\/USD quotes are testing the local resistance 1.13650. The nearest support line is [&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-137369","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137369","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=137369"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137369\/revisions"}],"predecessor-version":[{"id":137370,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137369\/revisions\/137370"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}