{"id":152689,"date":"2019-08-02T08:45:51","date_gmt":"2019-08-02T12:45:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152689"},"modified":"2019-08-02T07:49:15","modified_gmt":"2019-08-02T11:49:15","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-08-02","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/the-analytical-overview-of-the-main-currency-pairs-on-2019-08-02\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.08.02"},"content":{"rendered":"<div id=\"inves-1582121301\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 2, 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: 1.10757<\/li>\n<li class=\"ag-analytics_item\">Open: 1.10804<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.03<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.10697\u2013 1.10965<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1034 &#8211; 1.1817<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair stabilized after a long fall. At the moment, the trading instrument is consolidating in the range of 1.10600-1.10950. In the near future, a technical correction is highly possible. Participants in financial markets took a wait and see attitude before the publication of the US labor market report for July. These statistics can have a significant impact on the further rate of adjustment of the monetary policy of the Fed. We recommend that you pay attention to the difference between the actual and forecast values of the indicators. Positions need to be opened from key support and resistance levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+3:00), the investors will evaluate labor statistics from the United States for July.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-08-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-08-02.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators of accurate signals do not give: 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 the correction of the EUR\/USD currency pair.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.10600, 1.10250, 1.10000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.10950, 1.11200, 1.11600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.10950, expect further correction toward 1.11400-1.11600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price can descend toward 1.10250-1.10000.<\/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: 1.21512<\/li>\n<li class=\"ag-analytics_item\">Open: 1.21199<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.29<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.20903 &#8211; 1.21447<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2080 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday, the Bank of England, as expected, kept its key interest rate unchanged at 0.75%. The regulator is concerned about the hard Brexit scenario. The central bank also worsened the forecast for UK GDP growth for 2019-2020. At the moment, the GBP\/USD currency pair is in lateral movement. The trading tool tests the key support and resistance levels: 1.20800 and 1.21600, respectively. Investors are expecting a report on the US labor market. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT + 3: 00), the index of business activity in the UK construction sector 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-2019-08-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-08-02.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed below 50 MA and 100 MA, which signals the strength of 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 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: 1.20800, 1.20200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.21600, 1.22500, 1.23000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.20800, expect a further drop toward 1.20500-1.20200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price could recover toward 1.22000-1.22300.<\/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: 1.31891<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32122<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.15<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32050 &#8211; 1.32247<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 &#8211; 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">An ambiguous technical picture has developed on the USD\/CAD currency pair. CAD is trading in a flat. At the moment, the following key support and resistance levels can be distinguished: 1.32000 and 1.32400, respectively. The collapse of oil prices puts pressure on the Canadian dollar. Trading instrument has the potential for further growth. We recommend that you pay attention to the report on the US labor market. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.08.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; Trading balance (CAD) \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\/usdcad-2019-08-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-08-02.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators indicate the strength of buyers: the price has fixed above 50 MA and 100 MA.<\/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 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: 1.32000, 1.31800, 1.31500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32400, 1.32800, 1.33000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.32400, expect growth toward 1.32800-1.33000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price could drop toward 1.31700-1.31500.<\/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: 108.747<\/li>\n<li class=\"ag-analytics_item\">Open: 107.334<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -1.21<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 106.850 &#8211; 107.567<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 &#8211; 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/JPY is characterized by aggressive sales. The trading tool has updated the extremes. The demand for safe assets grew after Donald Trump announced his intentions to introduce new 10% fees on the imported wares from China. Right now the quotes are consolidating around 106.850-107.200. Focus on the US labour market report and open positions from the key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.08.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-08-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-08-02.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal the strength of sellers: the price has fixed below 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, which also indicates a bearish sentiment.<\/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 a possible correction of USD\/JPY quotes.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 106.850, 106.500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.200, 107.500, 107.800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 106.850, expect a further drop toward 106.500-106.200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price could correct toward 107.500-107.800.<\/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: 1.10757 Open: 1.10804 % chg. over the last day: +0.03 Day&#8217;s range: 1.10697\u2013 1.10965 52 wk range: 1.1034 &#8211; 1.1817 The EUR\/USD currency pair stabilized after a long fall. At the moment, the trading instrument is consolidating in the range of [&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-152689","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152689","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=152689"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152689\/revisions"}],"predecessor-version":[{"id":152691,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152689\/revisions\/152691"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}