{"id":164378,"date":"2020-02-04T08:15:14","date_gmt":"2020-02-04T13:15:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=164378"},"modified":"2020-02-04T07:04:47","modified_gmt":"2020-02-04T12:04:47","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-02-04","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/the-analytical-overview-of-the-main-currency-pairs-on-2020-02-04\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.02.04"},"content":{"rendered":"<div id=\"inves-59113565\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 4, 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: 1.10940<\/li>\n<li class=\"ag-analytics_item\">Open: 1.10583<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.24<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.10555 \u2013 1.10642<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0879 \u2013 1.1572<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair retreated from local highs after a sharp rally last week. The demand for greenback resumed after the release of optimistic statistics on business activity in the US manufacturing sector. At the moment the technical picture is ambiguous. The trading instrument is consolidating in the range of 1.10400-1.10650. Financial markets participants are waiting for additional drivers. It is recommended to open positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">Today the news background is quite calm. At 17:00 (GMT+2:00) a report on industrial orders volume in the USA will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-02-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-02-04.jpg\" alt=\"EUR\/USD\" \/> <\/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\">MACD histogram is near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located 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: 1.10400, 1.10200, 1.10000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.10650, 1.10950, 1.11100<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.10650, expect the quotes to rise toward 1.10900-1.11200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.10200-1.10000.<\/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: 1.31703<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29894<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -1.40<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29812 \u2013 1.30238<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Aggressive sales dominate GBP\/USD currency pair. During yesterday&#8217;s trading the drop exceeded 180 points. Sterling was under pressure after Boris Johnson&#8217;s comments. The Prime Minister said that Great Britain is not going to adhere to the EU trade standards after Brexit. At the moment GBP\/USD quotes are consolidating in the range 1.29800-1.30250. The trading instrument has a potential for further decline. Positions need to be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 04.02.2020:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; UK Construction Business Index \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-2020-02-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-04.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators signal the sellers&#8217; strength: the price has fixed below 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 Oscillatoris in the neutral zone, the %K line is below the %D line, which indicates a bearish mood<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.29800, 1.29400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.30250, 1.30650, 1.30850<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.29800, GBP\/USD quotes are expected to fall further to 1.29400-1.29200.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, they could grow to 1.30500-1.30800.<\/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: 1.32360<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32869<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.41<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32867 \u2013 1.33019<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.3566<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/CAD quotes continue to show a stable upward trend. The trading instrument reached the round level of 1.33000. The mark 1.32500 is already a mirror support. The CAD is under pressure from aggressive sales in the oil market. However, the technical correction of the USD\/CAD currency pair after the prolonged rally is not ruled out in the nearest future. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 04.02.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-04.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">MACD histogram is in the positive zone, which indicates a bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located near the oversold area, the %K line is below the %D line, which gives a weak signal to sell USD\/CAD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.32500, 1.32200, 1.31900<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.33000, 1.33400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.33000, expect further growth toward 1.33300-1.33500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could correct toward 1.32200-1.31900.<\/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: 108.450<\/li>\n<li class=\"ag-analytics_item\">Open: 108.687<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.21<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 108.548 \u2013 108.934<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.45 \u2013 113.53<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair has an ambiguous technical picture. At the moment the trading instrument is in sideways movement. Local support and resistance levels are at 108.600 and 108.950, respectively. USD\/JPY quotes have a potential for recovery. We recommend you to pay attention to the US government securities yield dynamics. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 04.02.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-04.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-04.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">Histogram of MACD has crossed to the positive zone, which indicates the development of bullish sentiments.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located in the overbought zone, the %K line has crossed the %D line. 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: 108.600, 108.300, 108.000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 108.950, 109.250, 109.450<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 108.950, expect the quotes to rise toward 109.250-109.450.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 108.350-108.000.<\/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: 1.10940 Open: 1.10583 % chg. over the last day: -0.24 Day&#8217;s range: 1.10555 \u2013 1.10642 52 wk range: 1.0879 \u2013 1.1572 The EUR\/USD currency pair retreated from local highs after a sharp rally last week. The demand for greenback resumed after [&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-164378","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164378","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=164378"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164378\/revisions"}],"predecessor-version":[{"id":164379,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164378\/revisions\/164379"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=164378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=164378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=164378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}