{"id":147784,"date":"2019-05-16T08:45:45","date_gmt":"2019-05-16T12:45:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147784"},"modified":"2019-05-16T07:05:05","modified_gmt":"2019-05-16T11:05:05","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-05-16","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/the-analytical-overview-of-the-main-currency-pairs-on-2019-05-16\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.05.16"},"content":{"rendered":"<div id=\"inves-901951958\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 16, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>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: 1.12031<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12017<\/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: 1.12015 \u2013 1.12110<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1111 \u2013 1.2009<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">EUR\/USD is moving sideways, the technical picture is ambiguous. The support and resistance are at 1.12000 and 1.12200. EUR is supported by the statements that the US may not introduce fees on the import cars in the next six months. The market participants are waiting for important releases from the US. Keep in mind that the real data may differ from the forecasted.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.05.2019:<\/p>\n<ul>\n<li>&#8211; Real Estate Market Stats (US) \u2013 15:30 (GMT+3:00);<\/li>\n<li>&#8211; PMI from Philadelphia&#8217;s Federal Reserve (EU) \u2013 15:30 (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\/eurusd-2019-05-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-05-16.jpg\" alt=\"EUR\/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 close to 0.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the oversold zone, the %K line is below the %D line which points to the bearish mood.<\/p><div id=\"inves-132456599\" 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: 1.12000, 1.11800, 1.11650<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.12200, 1.12400, 1.12600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.12000, expect further descend toward 1.11800-1.11600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can recover toward 1.12400-1.12600.<\/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: 1.29035<\/li>\n<li class=\"ag-analytics_item\">Open: 1.28413<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.47<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.28209 \u2013 1.28518<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2438 \u2013 1.3631<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD keeps showing a negative trend. Yesterday GBP reached the 3-monthly minimum regarding the USD. GBP is under pressure due to the growing expectations of failure to reach any consensus between Theresa May and the opposing parties. The quotes are testing the 1.28250-1.28800 range. The trading instrument has prospects for further descend. Keep an eye on the US news feed.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.05.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-05-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-05-16.jpg\" alt=\"GBP\/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 GBP\/USD.<\/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 to the bearish 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: 1.28250, 1.27600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.28800, 1.29250, 1.29700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.28250, expect further descend toward 1.27600-1.27400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can recover toward the round 1.29000.<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/justforex.com\/registration\">Registration<\/a><\/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: 1.34629<\/li>\n<li class=\"ag-analytics_item\">Open: 1.34369<\/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: 1.34266 \u2013 1.34504<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 \u2013 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/CAD started to descend. The trading instrument set the new local minimums. The quotes are testing support at 1.34250 with 1.34550 acting as a mirror resistance. The market participants are waiting for important reports from the US. USD\/CAD has prospects for further descend, you should open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.05.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-05-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-05-16.jpg\" alt=\"USD\/CAD\" \/> <\/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 and below the signal line which gives a strong signal to sell USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the oversold 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: 1.34250, 1.34100, 1.33800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.34550, 1.34850, 1.35000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.34250, expect further descend toward 1.34000-1.33800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can grow toward 1.34700-1.34850.<\/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: 109.620<\/li>\n<li class=\"ag-analytics_item\">Open: 109.584<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.13<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 109.335 \u2013 109.591<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 \u2013 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/JPY keeps trading in a flat. There is no defined trend, the local support and resistance are at 109.350 and 109.750. The trading instrument has further recovery prospects. The market participants are waiting for important releases from the US. Keep an eye on the US Treasury bonds&#8217; yield and open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.05.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-05-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-05-16.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 in the negative zone but above the signal line which gives a weak signal to sell USD\/JPY.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral 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: 109.350, 109.000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 109.750, 110.100, 110.300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 109.750, expect further correction toward 110.100-110.300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can fall toward the round 109.000.<\/p>\n<p><strong>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>by\u00a0JustForex The EUR\/USD currency pair Technical indicators of the currency pair: Prev Open: 1.12031 Open: 1.12017 % chg. over the last day: -0.04 Day&#8217;s range: 1.12015 \u2013 1.12110 52 wk range: 1.1111 \u2013 1.2009 EUR\/USD is moving sideways, the technical picture is ambiguous. The support and resistance are at 1.12000 and 1.12200. EUR is supported [&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-147784","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147784","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=147784"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147784\/revisions"}],"predecessor-version":[{"id":147787,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147784\/revisions\/147787"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}