{"id":151585,"date":"2019-07-16T08:45:02","date_gmt":"2019-07-16T12:45:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151585"},"modified":"2019-07-16T05:50:50","modified_gmt":"2019-07-16T09:50:50","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-07-16","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/the-analytical-overview-of-the-main-currency-pairs-on-2019-07-16\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.07.16"},"content":{"rendered":"<div id=\"inves-1886221195\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 16, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>by <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: 1.12662<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12574<\/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: 1.12554\u2013 1.12635<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1111 &#8211; 1.2009<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair continues to consolidate. There is no defined trend. Local levels of support and resistance continue to be 1.12500 and 1.12800. Investors expect additional drivers. Today, investors will evaluate a number of important economic releases from Germany and the United States. We recommend to open positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.07.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; ZEW Economic Mood Index (GER) \u2013 12:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Retail Sales Report (US) \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-2019-07-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-07-16.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price crossed 50 MA and 100 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 EUR\/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 indicates bearish moods.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.12500, 1.12300, 1.12000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.12800, 1.13100, 1.13500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.12800, expect further growth toward 1.13100-1.13400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can drop toward 1.12200-1.12000.<\/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: 1.25495<\/li>\n<li class=\"ag-analytics_item\">Open: 1.25125<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.43<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.25070 &#8211; 1.25203<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2438 &#8211; 1.3631<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD once again moved to a decline. GBP updated local lows. At the moment, GBP\/USD quotes are consolidating. The key range is 1.25100-1.25400. The pound remains under pressure due to the uncertainty around Brexit. Trading instrument has the potential to further decline. Today we expect important statistics from the UK. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT + 3:00) a report on the labor market in the UK will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-07-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-07-16.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed 100 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 crossed 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: 1.25100, 1.24800, 1.24400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.25400, 1.25800, 1.26300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.25100, a further drop in GBP\/USD quotes is expected. The movement will tend toward 1.24800-1.24600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can grow toward 1.25700-1.25900.<\/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: 1.30312<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30472<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.11<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.30442 &#8211; 1.30588<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 &#8211; 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/CAD currency pair has stabilized. CAD is in lateral movement. Currently, the local support and resistance levels are: 1.30350 and 1.30600, respectively. In the near future, technical correction of the trading instrument after a long fall is not excluded. We recommend to pay attention to the dynamics of oil prices. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.07.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-07-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-07-16.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: prices are fixed between 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone and continues to rise, indicating a correction of the USD\/CAD quotes.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, indicating a 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: 1.30350, 1.30200, 1.30000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30600, 1.30900, 1.31150<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.30600, the price will rise toward 1.30900-1.31100.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can descend toward 1.30000.<\/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: 107.854<\/li>\n<li class=\"ag-analytics_item\">Open: 107.909<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.06<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.820 &#8211; 108.094<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 &#8211; 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair continues to consolidate. There is no defined trend. The safe harbor currency tests local support and resistance levels: 107.800 and 108.100, respectively. Financial market participants expect additional drivers. Today we recommend to pay attention to economic releases from the USA. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.07.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-07-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-07-16.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near the 0 mark.<\/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 bullish moods.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 107.800, 107.550<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 108.100, 108.300, 108.600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below the 107.800, the quotes will fall toward 107.550-107.400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, USD\/JPY can grow to 108.400-108.600.<\/p>\n<\/div>\n<p><strong>by <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 JustForex The EUR\/USD currency pair Technical indicators of the currency pair: Prev Open: 1.12662 Open: 1.12574 % chg. over the last day: -0.10 Day&#8217;s range: 1.12554\u2013 1.12635 52 wk range: 1.1111 &#8211; 1.2009 The EUR\/USD currency pair continues to consolidate. There is no defined trend. Local levels of support and resistance continue to be [&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-151585","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151585","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=151585"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151585\/revisions"}],"predecessor-version":[{"id":151586,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151585\/revisions\/151586"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}