{"id":153010,"date":"2019-08-07T08:45:10","date_gmt":"2019-08-07T12:45:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153010"},"modified":"2019-08-07T07:41:29","modified_gmt":"2019-08-07T11:41:29","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-08-07","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/the-analytical-overview-of-the-main-currency-pairs-on-2019-08-07\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.08.07"},"content":{"rendered":"<div id=\"inves-175414173\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 7, 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: 1.12034<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12005<\/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: 1.12000 \u2013 1.12196<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1034 \u2013 1.1817<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">During yesterday&#8217;s trading, the majors showed a variety of trends. EUR\/USD quotes retreated from local highs. Financial market participants continue to monitor trade negotiations between the US and China. At the moment, the EUR\/USD currency pair is consolidating in the range 1.11850-1.12150. A trading instrument can recover further We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 07.08.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-08-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-08-07.jpg\" alt=\"EUR\/USD\" \/> <\/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 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 a bearish 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: 1.11850, 1.11600, 1.11150<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.12150, 1.12450, 1.12800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.12150, expect the quotes to grow toward 1.12450-1.12600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price can descend toward 1.11600-1.11400.<\/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: 1.21297<\/li>\n<li class=\"ag-analytics_item\">Open: 1.21368<\/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: 1.21355 &#8211; 1.21678<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2080 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair continues to trade in a protracted flat. Unidirectional trends are not observed. Participants in financial markets expect additional drivers. At the moment, the local support and resistance levels are: 1.21300 and 1.21800, respectively. We recommend keeping track of current information on the Brexit issue. In the near future, technical correction of the trading instrument after a prolonged fall is not out of the question. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 07.08.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-08-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-08-07.jpg\" alt=\"GBP\/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 near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a signal to sell GBP\/USD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.21300, 1.20850, 1.20500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.21800, 1.22500, 1.23000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.21800, the price will correct toward 1.22300-1.22500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price can reduce toward 1.20850-1.20600.<\/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: 1.32012<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32756<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.50<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32635 \u2013 1.33149<\/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 USD\/CAD currency pair has again moved up. The trading tool has updated local highs. CAD is currently consolidating near the resistance at 1.33100. 1.32650 is already a &#8220;mirror&#8221; support. Pressure on the Canadian dollar is caused by a negative dynamics of oil prices. USD\/CAD quotes have the potential for further growth. Investors expect important economic releases from Canada. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 17:00 (GMT+3:00) Ivey index of business activity in Canada will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-08-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-08-07.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to 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 located in the positive zone and above the signal line, which gives a strong signal to buy USD\/CAD.<\/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 a bearish 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: 1.32650, 1.32400, 1.32000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33100, 1.33500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">f the price consolidates above 1.33100, expect further growth toward 1.33400-1.33600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can drop toward 1.32400-1.32100.<\/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: 105.944<\/li>\n<li class=\"ag-analytics_item\">Open: 106.460<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.35<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 105.933 &#8211; 106.464<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 &#8211; 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">An ambiguous technical picture has developed on the USD\/JPY currency pair. The trading instrument is in lateral movement. The \u201csafe haven\u201d currency is tested by the local support and resistance levels: 106,000 and 106.550, respectively. USD\/JPY quotes have the potential for further correction. We recommend that you pay attention to the dynamics of yield on US government bonds. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 07.08.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-08-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-08-07.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not provide accurate signals, the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, 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 above the %D line, which indicates a 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: 106.000, 105.550<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 106.550, 107.100, 107.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 106.550, expect further correction toward 107.000-107.200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can decrease toward 105.600-105.400.<\/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: 1.12034 Open: 1.12005 % chg. over the last day: -0.03 Day&#8217;s range: 1.12000 \u2013 1.12196 52 wk range: 1.1034 \u2013 1.1817 During yesterday&#8217;s trading, the majors showed a variety of trends. EUR\/USD quotes retreated from local highs. Financial market participants continue [&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-153010","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153010","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=153010"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153010\/revisions"}],"predecessor-version":[{"id":153012,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153010\/revisions\/153012"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}