{"id":164592,"date":"2020-02-07T08:45:09","date_gmt":"2020-02-07T13:45:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=164592"},"modified":"2020-02-07T07:06:58","modified_gmt":"2020-02-07T12:06:58","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-02-07","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/the-analytical-overview-of-the-main-currency-pairs-on-2020-02-07\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.02.07"},"content":{"rendered":"<div id=\"inves-27384993\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 7, 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: 1.09985<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09796<\/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: 1.09770 \u2013 1.09848<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0879 \u2013 1.1572<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Euro continues to lose ground against USD. EUR\/USD quotes have set new local lows. At the moment the trading instrument is consolidating in the range 1.09650-1.09900. Investors took a wait-and-see approach until the publication of the US labor market report for January. Experts predict improvements in the key indicators. We recommend you to pay attention to the difference between actual and forecast values of the indicators. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+2:00) the US labor statistics 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-2020-02-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-02-07.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The indicators signal the sellers&#8217; strength: the price has fixed below 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">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\">The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates that the sentiment is bearish.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.09650, 1.09200, 1.09000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.09900, 1.10100, 1.10300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.09650, expect further decline toward 1.09000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.10200-1.10400.<\/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: 1.29994<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29261<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.55<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29248 \u2013 1.29463<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Bearish sentiment prevails on GBP\/USD currency pair. During yesterday&#8217;s trading the drop in quotations exceeded 70 points. Sterling has updated the local lows. At the moment GBP\/USD quotes are consolidated in the range of 1.29200-1.29600. The technical picture signals a further decline in the trading instrument. We recommend you to pay attention to the US economic releases. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news background on the UK economy is quite calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-07.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">The price is fixed below 50 MA and 100 MA, which signals the strength of the sellers.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, which indicates a bearish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line started crossing 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: 1.29200, 1.28700<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29600, 1.30100, 1.30450<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.29200, expect the quotes to fall toward 1.28800-1.28600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.30000-1.30300.<\/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: 1.32821<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32840<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.01<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32824 \u2013 1.32960<\/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 is still moving sideways. There is no defined trend. Investors are waiting for additional drivers. Local support and resistance levels are at 1.32650 and 1.33000 respectively. We expect the release of statistical data on the labor market in Canada and USA. We also recommend you to pay attention to the dynamics of oil prices. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+2:00) the Canadian labor market report will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-07.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price is consolidating near 50 MA and 100 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 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: 1.32650, 1.32450, 1.32200<\/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 1.33400-1.33600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could correct toward 1.32300-1.32100.<\/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: 109.817<\/li>\n<li class=\"ag-analytics_item\">Open: 109.986<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.14<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 109.813 \u2013 110.018<\/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 stabilized after a significant growth since the beginning of this week. At the moment the trading instrument is consolidating. Local support and resistance levels are at 109.700 and 110.000 respectively. The US labor market report for January is in the focus of attention. We also 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 news background on the Japanese economy is quite calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-07.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-07.jpg\" alt=\"USD\/JPY\" \/> <\/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 close to the 0 mark. There are no accurate signals at the moment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located 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: 109.700, 109.550, 109.300<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 110.00, 110.250<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 110.000, expect further growth toward 110.250-110.500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend 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: 1.09985 Open: 1.09796 % chg. over the last day: -0.16 Day&#8217;s range: 1.09770 \u2013 1.09848 52 wk range: 1.0879 \u2013 1.1572 Euro continues to lose ground against USD. EUR\/USD quotes have set new local lows. At the moment the trading instrument [&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-164592","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164592","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=164592"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164592\/revisions"}],"predecessor-version":[{"id":164593,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164592\/revisions\/164593"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=164592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=164592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=164592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}