{"id":165256,"date":"2020-02-20T08:15:30","date_gmt":"2020-02-20T13:15:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165256"},"modified":"2020-02-20T07:24:17","modified_gmt":"2020-02-20T12:24:17","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-02-20","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/the-analytical-overview-of-the-main-currency-pairs-on-2020-02-20\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.02.20"},"content":{"rendered":"<div id=\"inves-3829751618\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 20, 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: 1.07909<\/li>\n<li class=\"ag-analytics_item\">Open: 1.08043<\/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: 1.07894 \u2013 1.08153<\/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 has stabilized after a prolonged decline. At the moment the trading instrument is consolidating. Local support and resistance levels are at 1.07850 and 1.08250, respectively. Financial markets participants are estimating FOMC protocols. The Fed is optimistic about the prospects of the US economy. The regulator plans to keep interest rates at current levels. Central Bank officials also believe that the pneumonia epidemic in China is a new risk for the global economy. Demand for greenback remains at a high level. However, we do not rule out technical correction of EUR\/USD quotes in the nearest future. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 20.02.2020:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; Publication of the minutes of the ECB Monetary Policy Meeting (EU) \u2013 14:30 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Philadelphia PMI (US) \u2013 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-2020-02-20.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-02-20.jpg\" alt=\"EUR\/USD\" \/> <\/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 is in the negative zone, which indicates a bearish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located near the oversold area, the %K line crosses 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: 1.07850, 1.07500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.08250, 1.08650, 1.09000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">In case the price fixes below 1.07850, further EUR\/USD quotes fall is expected toward 1.07500-1.07300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the price could rise toward 1.08600-1.08800.<\/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: 1.29988<\/li>\n<li class=\"ag-analytics_item\">Open: 1.29158<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.56<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.29002 \u2013 1.29284<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair has gone down. During yesterday&#8217;s and today&#8217;s trades the drop in quotations exceeded 90 points. Sterling has set new local lows. At the moment the trading instrument is testing the round level 1.29000. 1.29450 is already a mirror resistance. The technical pattern signals a further fall of GBP\/USD quotes. We expect important economic reports from the UK. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+2:00) the UK will publish data on retail sales in the UK.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-20.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-20.jpg\" alt=\"GBP\/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, which gives a sell signal for GBP\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line crosses 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: 1.29000, 1.28700, 1.28500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29450, 1.29750, 1.30150<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the round level of 1.29000, expect the quotes to fall toward 1.28700-1.28500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.29750-1.30000.<\/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: 1.32606<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32283<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.29<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32117 \u2013 1.32404<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.3566<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Bearish sentiment prevails on the USD\/CAD currency pair. The trading instrument has updated the local lows. At the moment the CAD is consolidating. Local support and resistance levels are at 1.32150 and 1.32400, respectively. USD\/CAD quotes have potential for further decline. We expect important statistical data on US economy. We also recommend youto pay attention to the dynamics of oil prices. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed for the Canadian economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-20.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-20.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give an accurate signal: 50 MA crossed 100 MA.<\/p>\n<p class=\"ag-analytics_text\">Histogram MACD 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 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: 1.32150, 1.31800, 1.31500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32400, 1.32600, 1.32750<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.32150, expect the quotes to fall toward 1.31800-1.31500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.32600-1.32800.<\/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: 109.869<\/li>\n<li class=\"ag-analytics_item\">Open: 111.337<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +1.20<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 111.111 \u2013 111.798<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.45 \u2013 113.53<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Aggressive purchases are observed on USD\/JPY currency pair. During yesterday&#8217;s and today&#8217;s trades the growth of quotations exceeded 190 points. The trading instrument overcame and strengthened above key extremums. The demand for safe haven currencies has considerably weakened amid the reduced fears about further coronavirus spreading in China. At the moment USD\/JPY quotes are testing resistance at 111.800. The mark 111.200 is the nearest support. We do not rule out further weakening of the yen against the greenback. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on 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-2020-02-20.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-20.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\">Histogram of MACD is in the positive zone, which indicates a bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also 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: 111.200, 110.750, 110.300<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 111.800, 112.000, 112.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 111.800, expect further growth toward 112.000-112.500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 110.800-110.600.<\/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: 1.07909 Open: 1.08043 % chg. over the last day: +0.16 Day&#8217;s range: 1.07894 \u2013 1.08153 52 wk range: 1.0879 \u2013 1.1572 The EUR\/USD currency pair has stabilized after a prolonged decline. At the moment the trading instrument is consolidating. Local support [&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-165256","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165256","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=165256"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165256\/revisions"}],"predecessor-version":[{"id":165257,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165256\/revisions\/165257"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}