{"id":160868,"date":"2019-12-02T08:45:45","date_gmt":"2019-12-02T13:45:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160868"},"modified":"2019-12-02T07:18:06","modified_gmt":"2019-12-02T12:18:06","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2019-12-02","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/the-analytical-overview-of-the-main-currency-pairs-on-2019-12-02\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2019.12.02"},"content":{"rendered":"<div id=\"inves-924167623\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 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: 1.10122<\/li>\n<li class=\"ag-analytics_item\">Open: 1.10244<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.07<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.10168 &#8211; 1.10213<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0884 &#8211; 1.1623<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">On Friday, the EUR\/USD currency pair showed mixed trends. Traders remain focused on US-China trade negotiations. Earlier it was reported that China and the United States are close to concluding an interim trade agreement. However, the situation around Hong Kong has complicated relations between countries. China imposed sanctions on the American non-governmental human rights organization Human Rights Watch (HRW) in response to the recent actions of D. Trump. In this regard, negotiations on a trade agreement were suspended. At the moment, the key support and resistance levels are 1.10100 and 1.10250, respectively. Open positions from these marks.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.12.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; PMI of the manufacturing industry (GER) \u2013 10:55 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; ISM&#8217;s PMI of the manufacturing industry (US) \u2013 17:00 (GMT+2:00);<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-12-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2019-12-02.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators do not give accurate signals: the price is trading between 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 gives a signal to sell EUR\/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: 1.10100, 1.09900, 1.09600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.10250, 1.10500, 1.10800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.10100\u0431 expect the quotes to descend toward 1.09900-1.09700.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.10500-1.10650.<\/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: 1.29092<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29093<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.16<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29114 &#8211; 1.29228<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 &#8211; 1.3385<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">On Friday, the GBP\/USD currency pair was moving in several directions at once. Market participants are tracking information regarding the Brexit process. British Prime Minister Boris Johnson said Britain would leave the European Union no later than January 31 if its Conservative Party won the majority of the vote in two weeks. He also reiterated that he sees no reason why Britain should extend the transitional period after Brexit after the end of 2020. At the moment, the key support and resistance levels are still 1.29000 and 1.29350, respectively. We recommend opening positions from these marks.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.12.2019:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; PMI report (UK) \u2013 11:30 (GMT+2:00);<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-12-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2019-12-02.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is close to 0, which does not provide signals.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which points to 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: 1.29000, 1.28700, 1.28400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29350, 1.29700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.29350, expect the quotes to rise toward 1.29700-1.29850.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.28700-1.28400.<\/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: 1.32805<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32728<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.02<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32760 &#8211; 1.32865<\/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 technical pattern on the USD\/CAD currency pair is still ambiguous. On Friday, the USD\/CAD quotes were moving in several directions at once. At the end of last week, a positive Canadian GDP report was released, which supported the Canadian dollar. At the moment, the local support and resistance levels are still 1.32800 and 1.33000, respectively. Participants in financial markets expect additional drivers. Open positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.12.2019 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-12-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2019-12-02.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is close to 0, which also does not give signals.<\/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: 1.32800, 1.32650, 1.32400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32950, 1.33150, 1.33400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.32950, expect the quotes to grow toward 1.33150-1.33400.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.32650-1.32400.<\/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: 109.512<\/li>\n<li class=\"ag-analytics_item\">Open: 109.520<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.00<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 109.662 &#8211; 109.696<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.97 &#8211; 114.56<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">A variety of trends were observed on Friday on the USD\/JPY currency pair. Today in the Asian trading session, quotes moved to growth. A trading instrument has overcome a key level of resistance. At the moment, the key support and resistance levels are: 109.600 and 109.800, respectively. We recommend you to pay attention to the dynamics of yield on US government bonds. Open positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news background on the Japanese economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-12-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2019-12-02.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to the power 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, above the signal line, which gives a strong signal to buy 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 gives a signal to buy USD\/JPY.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 109.600, 109.400, 109.150<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 109.800, 110.000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 109.800, expect further growth toward 110.000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes can decline below 109.600 and eventually move beyond 109.400-109.150.<\/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: 1.10122 Open: 1.10244 % chg. over the last day: +0.07 Day&#8217;s range: 1.10168 &#8211; 1.10213 52 wk range: 1.0884 &#8211; 1.1623 On Friday, the EUR\/USD currency pair showed mixed trends. Traders remain focused on US-China trade negotiations. Earlier it was reported [&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-160868","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160868","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=160868"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160868\/revisions"}],"predecessor-version":[{"id":160870,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160868\/revisions\/160870"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=160868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=160868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=160868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}