{"id":143000,"date":"2019-03-05T08:45:13","date_gmt":"2019-03-05T13:45:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143000"},"modified":"2019-03-05T06:44:50","modified_gmt":"2019-03-05T11:44:50","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-03-05","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/the-analytical-overview-of-the-main-currency-pairs-on-2019-03-05\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.03.05"},"content":{"rendered":"<div id=\"inves-1156384806\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 5, 2019<\/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 noreferrer\">JustForex<\/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: 1.13802<\/li>\n<li class=\"ag-analytics_item\">Open: 1.13391<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.34<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.13182 \u2013 1.13409<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1214 \u2013 1.2557<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">EUR started to descend before the Central Bank of Europe meeting set for Thursday. During the last two days, the quotes fell by 50 points and updated the local minimums. The EUR can descend further. The demand for USD is propped up by the good dynamics of the US\/China negotiations. The financial market participants are expecting the publiscation of the US economic reports. You should also keep an eye on the FOMC representatives&#8217; rhetorics. The key range is 1.13200-1.13450. You should open positions from these levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2019:<\/p>\n<ul>\n<li>&#8211; Business Activity Report (EU) \u2013 11:00 (GMT+2:00);<\/li>\n<li>&#8211; Non-Industrial PMI (US) \u2013 17:00 (GMT+2:00);<\/li>\n<li>&#8211; New Real Estate Sales (EU) \u2013 17:00 (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-2019-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-03-05.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed below 50 MA and 200 MA which points to the power of the buyers.<\/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 EUR\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is near the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.<\/p><div id=\"inves-2863699808\" 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<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.13200, 1.13000, 1.12800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.13450, 1.13650, 1.13800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.13200, expect the quotes to fall toward 1.12800-1.12600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can recover toward 1.13600-1.13800.<\/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: 1.32476<\/li>\n<li class=\"ag-analytics_item\">Open: 1.31734<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.45<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.31499 \u2013 1.31857<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2438 \u2013 1.4378<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD is in the bearish mood. The GBP started to descend after the release of weak business reports in the UK construction sector. The investors are waiting for more intel on the Brexit project. Right now the quotes are consolidating at 1.31500-1.32000. The trading instrument can correct further. You should also keep an eye on the US newsfeed.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+2:00) the UK will publish the Service Industry PMI.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-03-05.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators do not provide precise signals, the price has crossed 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 GBP\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the 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, 1.31000, 1.30500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32000, 1.32450, 1.32800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.31500, expect the quotes to correct toward the round 1.31000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can grow toward 1.32400-1.32600.<\/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: 1.32756<\/li>\n<li class=\"ag-analytics_item\">Open: 1.33018<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.18<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.33012 \u2013 1.33440<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2248 \u2013 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/CAD keeps showing a positive trend. Right now the CAD is testing the local resistance at 1.33400. The round 1.33000 acts as a mirror support. The trading instrument has further growth prospects. The financial market participants are waiting for important economic reports from Canada and the US. You should open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">At 17:00 (GMT+2:00) Ivey will publish the PMI for Canada.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-03-05.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed above 50 MA and 200 MA which points to the power of the buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone but below the %K line which gives a weak signal to sell USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the overbought 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: 1.33000, 1.32700, 1.32400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33400, 1.34000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.33400, expect the USD\/CAD to grow toward the round 1.34000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can descend toward 1.32700-1.32500.<\/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: 111.841<\/li>\n<li class=\"ag-analytics_item\">Open: 111.729<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.14<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 111.712 \u2013 111.959<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.56 \u2013 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The safe haven currency keeps consolidating. There is no single defined trend. The local support and resistance levels are 111.750 and 112.000. The investors are waiting for the statistic reports from the US. You should keep an eye on the US Treasury bonds yield and open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-03-05.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">There are no precise signals, the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram started to rise again, which points to the bullish mood.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a signal to sell 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: 111.750, 111.500, 111.200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 112.000, 112.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the round 112.000, expect the quotes to grow toward 112.400-112.600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can descend toward 11.500-111.300.<\/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 noreferrer\">JustForex<\/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: 1.13802 Open: 1.13391 % chg. over the last day: -0.34 Day&#8217;s range: 1.13182 \u2013 1.13409 52 wk range: 1.1214 \u2013 1.2557 EUR started to descend before the Central Bank of Europe meeting set for Thursday. During the last two days, 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-143000","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143000","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=143000"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143000\/revisions"}],"predecessor-version":[{"id":143004,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143000\/revisions\/143004"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}