{"id":157855,"date":"2019-10-18T11:00:17","date_gmt":"2019-10-18T15:00:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157855"},"modified":"2019-10-18T10:00:34","modified_gmt":"2019-10-18T14:00:34","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-10-18","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/the-analytical-overview-of-the-main-currency-pairs-on-2019-10-18\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.10.18"},"content":{"rendered":"<div id=\"inves-3447478393\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 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: 1.10715<\/li>\n<li class=\"ag-analytics_item\">Open: 1.11242<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.47<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.11190 &#8211; 1.11310<\/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 single currency continued its growth relative to the greenback. EUR\/USD quotes updated two-month highs. The trading tool found resistance at 1.11350. Round level 1.11000 is the immediate support. Today, investors will be focused on the summit of EU leaders. We also recommend that you keep track of up-to-date information regarding the settlement of the trade conflict between the US and China. The EUR\/USD currency pair has the potential for further growth. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">Pay attention to the speeches of FOMC representatives.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-10-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-10-18.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price fixed above 50 MA and 100 MA, which signals the strength of buyers.<\/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: 1.11000, 1.10850, 1.10550<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.11350, 1.11500, 1.11800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.11350, expect further growth toward 1.11600-1.11800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could decrease toward 1.10700-1.10500.<\/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: 1.28255<\/li>\n<li class=\"ag-analytics_item\">Open: 1.28907<\/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: 1.28395 &#8211; 1.28909<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair continues to consolidate. Unidirectional trends are not observed. At the moment, the trading instrument is consolidating in the range 1.27800-1.29000. EU representatives and UK parliamentarians agreed on a deal on Brexit. This compromise avoids the hard Brexit scenario. Investors are waiting for the EU summit, at which lawmakers must approve this agreement. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 18.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-10-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-10-18.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price is testing 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram has approached the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in 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: 1.27800, 1.26500, 1.25300<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29000, 1.29800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.29000, expect further growth toward 1.29800-1.30500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, expect a decrease toward 1.27000-1.26500.<\/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: 1.31997<\/li>\n<li class=\"ag-analytics_item\">Open: 1.31352<\/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: 1.31314 &#8211; 1.31448<\/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 again went down. The trading instrument has set new local lows. Looney is currently consolidating in the range 1.31300-1.31600. The technical picture signals a further fall in the USD\/CAD quotes. The Canadian dollar is further supported by the positive dynamics of oil quotes. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 18.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-10-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-10-18.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to 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\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The 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: 1.31300, 1.31000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.31600, 1.31850, 1.32100<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.31300, expect a further drop toward 1.31000-1.30800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, expect the quotes to grow toward 1.31900-1.32100.<\/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: 108.751<\/li>\n<li class=\"ag-analytics_item\">Open: 108.648<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.17<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 108.516 \u2013 108.685<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 \u2013 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair continues to trade flat. Unidirectional trends are not observed. At the moment, the following key support and resistance levels can be identified: 108.450 and 108.900, respectively. In the near future, the technical correction of the USD\/JPY quotes is not ruled out. Market participants expect up-to-date information regarding trade negotiations between Washington and Beijing. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 18.10.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-18.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-10-18.jpg\" alt=\"USD\/JPY\" \/> <\/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 has moved into the negative zone, which indicates the strength of sellers.<\/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: 108.450, 108.100, 107.850<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 108.900, 109.300, 109.600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 108.900, expect further growth toward 109.300-109.500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, expect them quotes to decrease toward 108.100-107.800.<\/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: 1.10715 Open: 1.11242 % chg. over the last day: +0.47 Day&#8217;s range: 1.11190 &#8211; 1.11310 52 wk range: 1.0884 &#8211; 1.1623 The single currency continued its growth relative to the greenback. EUR\/USD quotes updated two-month highs. The trading tool found resistance [&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-157855","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157855","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=157855"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157855\/revisions"}],"predecessor-version":[{"id":157857,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157855\/revisions\/157857"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}