{"id":156742,"date":"2019-10-03T08:45:50","date_gmt":"2019-10-03T12:45:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156742"},"modified":"2019-10-03T07:22:45","modified_gmt":"2019-10-03T11:22:45","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-10-03","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/the-analytical-overview-of-the-main-currency-pairs-on-2019-10-03\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.10.03"},"content":{"rendered":"<div id=\"inves-2043367080\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 3, 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: 1.09330<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09602<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.26<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.09504 &#8211; 1.09649<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0884 &#8211; 1.1623<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD continued to lose ground relative to currency majors. The EUR\/USD quotes updated the local highs again. Greenback was pressured by weak labor market data from ADP. Currently, the EUR\/USD currency pair is consolidating. The local support and resistance levels are: 1.09400 and 1.09650, respectively. A trading instrument has the potential for further growth. We are expecting important economic releases. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 03.10.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; A number of indicators on business activity (GER\/EU) \u2013 10:55\/11:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Initial Jobless Claims (US) \u2013 15:30 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; ISM Manufacturing Business Activity Index (US) \u2013 17:00 (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-2019-10-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-10-03.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal 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 near the oversold 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: 1.09400, 1.09050, 1.08800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.09650, 1.09900, 1.10250<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.09650, expect further correction toward 1.09900-1.10200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can drop toward 1.09000.<\/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: 1.22933<\/li>\n<li class=\"ag-analytics_item\">Open: 1.22988<\/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: 1.22763 &#8211; 1.23107<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1995 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP continues to trade in a long flat. There is no defined trend. At the moment, the local support and resistance levels are 1.22600 and 1.23200, respectively. GBP\/USD quotes can decline further. The pound remains under pressure due to uncertainty around Brexit, as well as weak business activity releases in the UK. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+3:00), the composite business activity index 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-2019-10-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-10-03.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signal\u044b: the price crossed 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is close to the 0 mark. There are no signals at the moment.<\/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: 1.22600, 1.22100<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.23200, 1.23750, 1.24150<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.22600, expect further descend in GBP\/USD quotes toward 1.22200-1.22000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.23600-1.23800.<\/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: 1.32217<\/li>\n<li class=\"ag-analytics_item\">Open: 1.33252<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.81<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.33145 &#8211; 1.33344<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2727 &#8211; 1.3664<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday, aggressive purchases were observed on the USD\/CAD currency pair. The quotes grew by 100 points. CAD updated the key extremes. The trading tool found resistance at 1.33300. Mark 1.33000 is already a mirror support. Pressure on the Canadian dollar was caused by a collapse in oil prices. We do not exclude further growth of the USD\/CAD currency pair. We recommend paying attention to the news background from the USA. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 03.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-10-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-10-03.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal 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 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: 1.33000, 1.32800, 1.32550<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33300, 1.33500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.33300, expect further growth toward 1.33500-1.33700.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could decrease toward 1.32800-1.32600.<\/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: 107.726<\/li>\n<li class=\"ag-analytics_item\">Open: 107.178<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.54<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 106.965 &#8211; 107.287<\/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 show negative dynamics. During yesterday&#8217;s and today&#8217;s trading, the drop in quotations exceeded 70 points. The trading instrument reached a round level of 107,000. Mark 107.350 is already a mirror resistance. Demand for USD weakened after weak economic releases. We do not exclude a further decline in the USD \/ JPY currency pair. 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 03.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-03.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, but above the signal line, which gives a weak signal to sell USD\/JPY.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located near the overbought zone, the %K line is above the %D line, which indicates 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: 107.000, 106.600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.350, 107.650, 107.900<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below the round level of 107,000, expect a further drop toward 106.700-106.500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 107.600-107.800.<\/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: 1.09330 Open: 1.09602 % chg. over the last day: +0.26 Day&#8217;s range: 1.09504 &#8211; 1.09649 52 wk range: 1.0884 &#8211; 1.1623 The USD continued to lose ground relative to currency majors. The EUR\/USD quotes updated the local highs again. Greenback was [&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-156742","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156742","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=156742"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156742\/revisions"}],"predecessor-version":[{"id":156743,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156742\/revisions\/156743"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}