{"id":148967,"date":"2019-06-04T08:45:04","date_gmt":"2019-06-04T12:45:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148967"},"modified":"2019-06-04T06:21:23","modified_gmt":"2019-06-04T10:21:23","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-06-04","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/the-analytical-overview-of-the-main-currency-pairs-on-2019-06-04\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.06.04"},"content":{"rendered":"<div id=\"inves-1788749710\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 4, 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<div class=\"ag-analytics-block__daily-forecast\">\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: 1.11603<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12407<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.64<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.12407 \u2013 1.12576<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1111 \u2013 1.2009<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD got weakened yesterday against the other majors. The quotes grew by 85 points. The trading instrument updated the key extremums. The demand for USD fell after the comments made by the FOMC representative Bullard. The official stated the quotes descend &#8220;can be justified soon&#8221;, including the growing risks in the US economy which are caused by the growing tension in the world trade and weak inflation in the US. An additional pressure is caused by the weak business activity report in the industrial sector by ISM. The quotes are consolidating around 1.12350-1.12600. Open positions from these levels. The quotes can grow further.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 04.06.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; Consumer Price Index (EU) \u2013 12:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Unemployment Rate Report (EU) \u2013 12:00 (GMT+3:00);<\/li>\n<\/ul>\n<p>Keep an eye on the statements by the head of the Federal Reserve.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-06-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-06-04.jpg\" alt=\"EUR\/USD\" \/> <\/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 signal line which gives a weak signal to buy EUR\/USD.<\/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: 1.12600, 1.13000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.12350, 1.12150, 1.11900<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the local resistance 1.12600 expect further growth towards 1.30000<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can fall towards 1.12000-1.11800.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\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: 1.26264<\/li>\n<li class=\"ag-analytics_item\">Open: 1.26639<\/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: 1.26558 \u2013 1.26744<\/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 shows an ambiguous technical picture. GBP is consolidating. The local support and resistance levels are 1.26400 and 1.26750. The demand for USD lowered due to the growing expectations for the Federal Reserve to dencrease the rates next year. The quotes have prospects for recovery. The investors are waiting for reports fromt he UK. Open the positions from the key levels<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+3:00) the UK will publish a construction PMI report.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-06-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-06-04.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed above 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 and keeps rising which provides a strong indicator to buy GBP\/USD<\/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: 1.26400, 1.26100, 1.25850<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.26750, 1.27000, 1.27450<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.26750, expect growth towards 1.27000-1.27400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can fall towards 1.26100-1.25850.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\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: 1.35168<\/li>\n<li class=\"ag-analytics_item\">Open: 1.34403<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.59<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.34328 \u2013 1.34476<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 \u2013 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The quotes started to descend and set the new local minimums. USD is under pressure after the FOMC represetatives&#8217; comments and weak economic releases. CAD is consolidating around 1.34300 and 1.34600. The quotes can descend further. Keep an eye on the oil quotes dynamics and open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 04.06.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-06-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-06-04.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators point to the power of 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 gives a weak signal to sell USD\/CAD.<\/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: 1.34300, 1.34000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.34600, 1.34850, 1.35250<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.34300, expect further descend towards 1.34000-1.33800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can grow toward 1.34800-1.35000.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\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: 108.264<\/li>\n<li class=\"ag-analytics_item\">Open: 108.054<\/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: 107.857 \u2013 108.087<\/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 showing a negative trend and update the local minimums. The quotes are consolidating around 107.850-108.150. The JPY has a tendency to grow against th eUSD. The demand for safe assets remains high due to the growing risks in the world trade. 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 04.06.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-06-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-06-04.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed below 50 MA and 200 MA which points towards the power of the buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone and keeps descending which recommends selling 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. here 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: 107.850, 107.500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 108.150, 108.450, 108.850<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixed below 107.850, expect further descend towards 107.500-107.300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can recover towards 108.450-108.800.<\/p>\n<\/div>\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: 1.11603 Open: 1.12407 % chg. over the last day: +0.64 Day&#8217;s range: 1.12407 \u2013 1.12576 52 wk range: 1.1111 \u2013 1.2009 USD got weakened yesterday against the other majors. The quotes grew by 85 points. The trading instrument updated the key extremums. [&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-148967","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148967","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=148967"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148967\/revisions"}],"predecessor-version":[{"id":148968,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148967\/revisions\/148968"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}