{"id":163378,"date":"2020-01-16T08:45:23","date_gmt":"2020-01-16T13:45:23","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163378"},"modified":"2020-01-16T07:35:37","modified_gmt":"2020-01-16T12:35:37","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-01-16","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/the-analytical-overview-of-the-main-currency-pairs-on-2020-01-16\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.01.16"},"content":{"rendered":"<div id=\"inves-3747938135\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 16, 2020<\/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: 1.11282<\/li>\n<li class=\"ag-analytics_item\">Open: 1.11496<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.22<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.11446 &#8211; 1.11581<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0879 &#8211; 1.1572<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair continues to recover. The trading tool has updated local highs. At the moment, EUR\/USD quotes are consolidating in the range of 1.11450-1.11650. In December, the US producer price index was 0.1%, which is below market expectations at 0.2%. Washington and Beijing signed the first phase of the trade agreement. The parties began preparations for the second phase of the transaction. We do not exclude further growth of EUR\/USD quotes. Today, participants in financial markets will evaluate a number of important economic releases. Open positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.01.2020 is calm.<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; Publication of the minutes of the ECB meeting on monetary policy &#8211; 14:30 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Report on the US retail sales &#8211; 15:30 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Philadelphia Federal Reserve Employment Index &#8211; 15:30 (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\/eurusd-2020-01-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-01-16.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 50 MA and 100 MA, which signal 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 above the %D line, which indicates a 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: 1.11450, 1.11200, 1.10900<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.11650, 1.12000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.11650, expect further growth toward 1.12000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the EUR\/USD currency pair to 1.11200-1.11000.<\/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: 1.29872<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30373<\/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: 1.30369 &#8211; 1.30566<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 &#8211; 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD quotes moved to growth. Sterling updated local highs. The trading tool found resistance at 1.30550. 1.30000 is a key support. The GBP\/USD currency pair has the potential for further correction. Investors expect up-to-date information on Brexit. Today, the focus is on economic reports from the United States. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.01.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-01-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-01-16.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price has fixed above 100 MA, which signals the strength of buyers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone, indicating a bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line has 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: 1.30000, 1.29600, 1.29200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30550, 1.31000, 1.31400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 1.30550, expect further growth toward 1.30900-1.31200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.29700-1.29500.<\/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: 1.30602<\/li>\n<li class=\"ag-analytics_item\">Open: 1.30424<\/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: 1.30350 &#8211; 1.30483<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 &#8211; 1.3566<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/CAD currency pair continues to trade in a protracted flat. There is no defined trend. At the moment, USD\/CAD is testing the support level of 1.30350. Mark 1.30550 is the nearest resistance. A trading instrument has a downside potential. Today we recommend paying attention to statistics on the US economy, as well as the dynamics of prices for oil. Open positions be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.01.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-01-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-01-16.jpg\" alt=\"USD\/CAD\" \/> <\/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 USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The 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: 1.30350, 1.30200, 1.30000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30550, 1.30750, 1.31000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates below 1.30350, expect the quotes to drop toward 1.30000-1.29800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.30750-1.31000.<\/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: 109.981<\/li>\n<li class=\"ag-analytics_item\">Open: 109.899<\/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: 109.855 &#8211; 109.990<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.45 &#8211; 113.53<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair stabilized after a protracted rally. The trading instrument is currently consolidating. Unidirectional trends are not observed. Participants in financial markets expect additional drivers. The key range is 109.700-110.200. In the near future, technical correction is not ruled out. Today we recommend paying attention to the news background on the US economy. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 16.01.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-01-16.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-01-16.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 is near the 0 mark.<\/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 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: 109.700, 109.350, 109.000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 110.200, 110.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price consolidates above 110.200, expect further growth toward 110.500-110.700.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could correct toward 109.400-109.200.<\/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: 1.11282 Open: 1.11496 % chg. over the last day: +0.22 Day&#8217;s range: 1.11446 &#8211; 1.11581 52 wk range: 1.0879 &#8211; 1.1572 The EUR\/USD currency pair continues to recover. The trading tool has updated local highs. At the moment, EUR\/USD quotes are [&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-163378","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163378","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=163378"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163378\/revisions"}],"predecessor-version":[{"id":163379,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163378\/revisions\/163379"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}