{"id":151724,"date":"2019-07-18T08:45:11","date_gmt":"2019-07-18T12:45:11","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151724"},"modified":"2019-07-18T07:23:44","modified_gmt":"2019-07-18T11:23:44","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-07-18","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/the-analytical-overview-of-the-main-currency-pairs-on-2019-07-18\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.07.18"},"content":{"rendered":"<div id=\"inves-1471649073\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 18, 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: 1.12099<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12239<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.12<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.12238 \u2013 1.12420<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1111 \u2013 1.2009<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday, the greenback weakened against a basket of world currencies. The EUR\/USD quotes updated local highs. Demand for the US currency weakened after the release of weak data on the real estate market, as well as a decrease in the yield of US government bonds. The IMF statements put additional pressure. The regulator said that the US dollar was overvalued by 6-12%, based on short-term economic indicators. At the moment, the EUR\/USD quotes are consolidating in the range of 1.12250-1.12450. We recommend opening positions from these marks.<\/p>\n<p class=\"ag-analytics_text\">The news feed on 2019.07.18:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; The number of initial jobless claims in the US at 15:30 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Philadelphia Fed Manufacturing Index at 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-2019-07-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-07-18.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has fixed between 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone and above the signal line, which gives a strong signal to buy EUR\/USD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is located near the overbought zone, the %K line has 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: 1.12250, 1.12000, 1.11500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.12450, 1.12750, 1.12850<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.12250, the EUR\/USD currency pair is expected to decline. The movement is tending to 1.12000-1.11800.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a further recovery of the EUR\/USD quotes to 1.12700-1.12850.<\/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: 1.24075<\/li>\n<li class=\"ag-analytics_item\">Open: 1.24313<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.20<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.24243 \u2013 1.24478<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2397 \u2013 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair has begun to recover after a prolonged fall. The trading instrument has updated local extremes. This movement was largely caused by technical factors. At the moment, the GBP\/USD quotes are testing a local resistance of 1.24500. The mark of 1.24200 is already a &#8220;mirror&#8221; support. The pound has the potential for further correction. We recommend keeping track of current information on Brexit. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+3:00), the UK retail sales statistics for June 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-2019-07-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-07-18.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has fixed between 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram has started to rise, which signals a further correction of the GBP\/USD quotes.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is located near the overbought zone, the %K line has 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: 1.24200, 1.23850<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.24500, 1.24800, 1.25100<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the local resistance of 1.24500, a further correction of the GBP\/USD quotes is expected. The movement is tending to the round level of 1.25000.<\/p>\n<p class=\"ag-analytics_text\">An alternative would be reduction of the GBP\/USD currency pair to 1.24000-1.23800.<\/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: 1.30830<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30520<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.25<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.30421 \u2013 1.30556<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 \u2013 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">During the last trading sessions, the USD\/CAD currency pair is quite active. At the same time, a unidirectional trend is not observed. At the moment, the loonie is consolidating. Investors expect additional drivers. Local levels of support and resistance are: 1.30350 and 1.30600, respectively. The trading instrument is tending to recover. We recommend paying attention to the dynamics of oil prices. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">Today, the news feed on the Canadian economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-07-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-07-18.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has 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 USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.<\/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, 1.30750, 1.30900<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.30600, a correction in the USD\/CAD currency pair is expected. The movement is tending to 1.30800-1.31000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a fall of the USD\/CAD quotes to 1.30200-1.30000.<\/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: 108.226<\/li>\n<li class=\"ag-analytics_item\">Open: 107.942<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.28<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.618 \u2013 107.980<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 \u2013 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">On the USD\/JPY currency pair the bearish sentiment is prevailing. During yesterday&#8217;s and today&#8217;s trading sessions, the drop in quotes has exceeded 50 points. The trading instrument has updated key lows. A negative dynamics of the yield of US government bonds puts additional pressure on the &#8220;greenback&#8221;. The demand for &#8220;safe&#8221; assets is still high due to the uncertainty in trade relations between the United States and China, as well as the situation around Brexit. At the moment, the USD\/JPY quotes are consolidating in the range of 107.600-107.800. The trading instrument is tending to further decline. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">In the Asian trading session, ambiguous data on the trade balance of Japan was published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-07-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-07-18.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed below 50 MA and 100 MA, which indicates the power of the sellers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is located in the negative zone and below the signal line, which gives a strong signal to sell USD\/JPY.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line has 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: 107.600, 107.300, 107.000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.800, 108.100, 108.350<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 107.600, a further fall in the USD\/JPY quotes is expected. The movement is tending to 107.300-107.000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/JPY currency pair to 108.000-108.200.<\/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: 1.12099 Open: 1.12239 % chg. over the last day: +0.12 Day&#8217;s range: 1.12238 \u2013 1.12420 52 wk range: 1.1111 \u2013 1.2009 Yesterday, the greenback weakened against a basket of world currencies. The EUR\/USD quotes updated local highs. Demand for the US [&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-151724","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151724","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=151724"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151724\/revisions"}],"predecessor-version":[{"id":151727,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151724\/revisions\/151727"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}