{"id":143079,"date":"2019-03-06T08:45:32","date_gmt":"2019-03-06T13:45:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143079"},"modified":"2019-03-06T06:52:09","modified_gmt":"2019-03-06T11:52:09","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-03-06","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/the-analytical-overview-of-the-main-currency-pairs-on-2019-03-06\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.03.06"},"content":{"rendered":"<div id=\"inves-2683530293\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 6, 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: 1.13391<\/li>\n<li class=\"ag-analytics_item\">Open: 1.13073<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.30<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.12898 \u2013 1.13075<\/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 keeps losing positions against the USD before the Central Bank meeting. Yesterday EUR\/USD quotes updated the local minimums. The trading instrument is consolidating around 1.12900-1.13100. EUR is under pressure due to the worries that ECB might renew the stimulating measures for the economy and announce it on Thursday. An additional support for USD is given by the optimistic report on the business activity in the non-industrial and real-estate markets. You should open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 06.03.2019:<\/p>\n<ul>\n<li>&#8211; Preliminary Report on the Labour Market by ADP (US) \u2013 15:15 (GMT+2:00);<\/li>\n<li>&#8211; Trading Balance (US) \u2013 15:30 (GMT+2:00);<\/li>\n<li>&#8211; Beige Book (US) \u2013 21:00 (GMT+2:00);<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Keep an eye on the comments by FOMC representatives.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-03-06.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-03-06.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 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 to sell EUR\/USD.<\/p><div id=\"inves-1338243073\" 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\">The Stochastic Oscillator is near the oversold 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: 1.12900, 1.12500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.13200, 1.13450, 1.13650<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 1.12900, expect the quotes to fall further toward 1.12500-1.12300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can grow toward 1.13400-1.13600.<\/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: 1.31734<\/li>\n<li class=\"ag-analytics_item\">Open: 1.31729<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.01<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.31240 \u2013 1.31788<\/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 keeps showing a negative trend. The market participants started to fix their positions after the long rally in the last two weeks. GBP is under pressure due to Brexit ambiguousness. On Tuesday the represtative of the Labour party claimed that not many parliamentaries support the EU deal proposed by May, and that there hasn&#8217;t been any breakthroughs on that front. Right now the quotes are consolidating. The key range is 1.31100-1.31800. You should open positions from these levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 06.03.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-03-06.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-03-06.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators do not provide precise signals, 50 MA 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: 1.31100, 1.30500, 1.29800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.31800, 1.32400, 1.32800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.31000, expect the quotes to fall toward 1.30700-1.30400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can recover toward 1.32300-1.32600.<\/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: 1.33018<\/li>\n<li class=\"ag-analytics_item\">Open: 1.33502<\/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: 1.33489 \u2013 1.33736<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2248 \u2013 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">CAD is weakened again against the USD. The quotes are consolidating around the local resistance 1.33750 with 1.33350 acting as a mirror resistance. The financial market participants are waiting for the Bank of Canada meeting. The regulator is planned to keep the 1.75% key interest rate. Keep an eye on the comments and rhetorics by the Central Bank representatives. You should open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 06.03.2019:<\/p>\n<ul>\n<li>&#8211; Trading Balance (CAD) \u2013 15:30 (GMT+2:00);<\/li>\n<li>&#8211; Decision of Bank of Canada on the key interest rate (CAD) \u2013 17:00 (GMT+2:00);<\/li>\n<li>&#8211; Ivey&#8217;s Business Activity Index (CAD) \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\/usdcad-2019-03-06.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-03-06.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 byers.<\/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\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points toward the correction of USD\/CAD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.33350, 1.33000, 1.32700<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33750, 1.34000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.33750, expect the quotes to grow toward 1.34250-1.34500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can correct toward the round 1.33000.<\/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: 111.729<\/li>\n<li class=\"ag-analytics_item\">Open: 111.849<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.10<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 111.725 \u2013 111.924<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.56 \u2013 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/JPY remains in a flat. The technical picture is ambiguous. The investors are waiting for additional drivers, with levels being 111.750 and 112.000 respectively. Keep an eye on the economic reports, as well the US Treasury bond yield dynamics. You should open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 06.03.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-03-06.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-03-06.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators do not provide precise signals, the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is close to 0.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which gives a signal to buy 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 fall toward 111.500-111.300.<\/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: 1.13391 Open: 1.13073 % chg. over the last day: -0.30 Day&#8217;s range: 1.12898 \u2013 1.13075 52 wk range: 1.1214 \u2013 1.2557 EUR keeps losing positions against the USD before the Central Bank meeting. Yesterday EUR\/USD quotes updated the local minimums. 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-143079","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143079","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=143079"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143079\/revisions"}],"predecessor-version":[{"id":143082,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143079\/revisions\/143082"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}