{"id":157183,"date":"2019-10-09T08:30:44","date_gmt":"2019-10-09T12:30:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157183"},"modified":"2019-10-09T07:53:54","modified_gmt":"2019-10-09T11:53:54","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-10-09","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/the-analytical-overview-of-the-main-currency-pairs-on-2019-10-09\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.10.09"},"content":{"rendered":"<div id=\"inves-845276140\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 9, 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: 1.09701<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09563<\/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: 1.09505 &#8211; 1.09654<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0884 &#8211; 1.1623<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday, the bearish sentiment prevailed on the EUR\/USD currency pair. The trading tool has updated the local lows. EUR\/USD quotes found support at 1.09450. Mark 1.09700 is already a &#8220;mirror&#8221; resistance. The focus on trade remains between the US and China. Hopes for a breakthrough in trade negotiations weakened even more after the introduction of new sanctions. Today, investors will evaluate the FOMC protocols, which can indicate the further rate of adjustment of the Fed&#8217;s monetary policy. More than 85% of participants in financial markets believe that the regulator will again reduce the range of key interest rates by 25 basis points to 1.50-1.75% at a meeting on October 30. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 09.10.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; JOLTS report (US) \u2013 17:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; FOMC Minutes (US) \u2013 21:00 (GMT+3:00);<\/li>\n<\/ul>\n<p>Also, keep an eye on the speech by the head of Fed.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-10-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-10-09.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: 50 MA 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 EUR\/USD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is near the overbought 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: 1.09450, 1.09100, 1.08800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.09700, 1.10000, 1.10250<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.09450, expect a further descend of quotes toward 1.09000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.10000-1.10200.<\/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: 1.22886<\/li>\n<li class=\"ag-analytics_item\">Open: 1.22183<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.59<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.22046 &#8211; 1.22264<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1995 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP \/ USD currency pair went down again. Financial market participants are concerned about the growing risks of the \u201ctough\u201d Brexit. The country&#8217;s budget deficit may reach 4% of GDP if the UK leaves the union without concluding a deal. Currently, GBP is consolidating near the round level of 1.22000. 1.22400 is the nearest resistance. A trading instrument has the potential to further decline. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 09.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-10-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-10-09.jpg\" alt=\"GBP\/USD\" \/> <\/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 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: 1.22000, 1.21500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.22400, 1.22850, 1.23300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below the round level of 1.22000, expect a further drop in GBP\/USD quotes to 1.21600-1.21400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.22700-1.22900.<\/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: 1.33087<\/li>\n<li class=\"ag-analytics_item\">Open: 1.33216<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.09<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.33110 &#8211; 1.33276<\/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 is being traded flat. There is no defined trend. Participants in financial markets expect additional drivers. At the moment, the local support and resistance levels are: 1.33100 and 1.33350, respectively. The focus is on the FOMC Minutes. We also recommend paying attention to the dynamics of oil quotes. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news background 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-2019-10-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-10-09.jpg\" alt=\"USD\/CAD\" \/> <\/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 0.<\/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: 1.33100, 1.32900, 1.32700<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33350, 1.33500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.33350, expect further growth toward 1.33600-1.33800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could decrease toward 1.32900-1.32700.<\/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: 107.243<\/li>\n<li class=\"ag-analytics_item\">Open: 107.070<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.33<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 106.933 &#8211; 107.214<\/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. At the moment, the local support and resistance levels are: 106.850 and 107.250, respectively. USD\/JPY quotes can decline. Investors expect FOMC protocols. We also recommend monitoring the progress of trade negotiations between the United States and China. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 09.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-09.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals, the price crossed 50 MA and 200 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near 0.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator has started to leave the overbought 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: 106.850, 106.600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.250, 107.450, 107.700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 106.850, expect the quotes to fall toward 106.500-106.300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes will 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: 1.09701 Open: 1.09563 % chg. over the last day: -0.10 Day&#8217;s range: 1.09505 &#8211; 1.09654 52 wk range: 1.0884 &#8211; 1.1623 Yesterday, the bearish sentiment prevailed on the EUR\/USD currency pair. The trading tool has updated the local lows. EUR\/USD quotes [&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-157183","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157183","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=157183"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157183\/revisions"}],"predecessor-version":[{"id":157184,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157183\/revisions\/157184"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}