{"id":165335,"date":"2020-02-21T08:15:16","date_gmt":"2020-02-21T13:15:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165335"},"modified":"2020-02-21T06:40:08","modified_gmt":"2020-02-21T11:40:08","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-02-21","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/the-analytical-overview-of-the-main-currency-pairs-on-2020-02-21\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.02.21"},"content":{"rendered":"<div id=\"inves-789942690\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 21, 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: 1.08043<\/li>\n<li class=\"ag-analytics_item\">Open: 1.07848<\/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: 1.07834 \u2013 1.07949<\/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 keeps consolidating. There is no defined trend. The trading instrument is testing local support and resistance levels at 1.07850 and 1.08250, respectively. The USA continues to publish positive economic releases. Demand for USD remains at a high level. Nevertheless, in the nearest future we do not exclude technical correction of EUR\/USD quotes after a significant drop. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 21.02.2020:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; EU Inflation Report (EU) \u2013 12:00 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Secondary House Market Sales (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-2020-02-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-02-21.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\">The MACD histogram is in the negative zone, but above the signal line, which gives a weak sell signal for EUR\/USD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located in the neutral zone, the %K line 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: 1.07850, 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\">If the price fixes below 1.07850, exoect a decline toward 1.07500-1.07300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.08500-1.08700.<\/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: 1.29158<\/li>\n<li class=\"ag-analytics_item\">Open: 1.28796<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.31<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.28758 &#8211; 1.28991<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 &#8211; 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair has retreated from the local lows. At the moment the technical picture is ambiguous. Sterling is testing the round level at 1.29000. The mark 1.28500 is a key support. The trading instrument has a potential for recovery. Financial markets participants are waiting for important economic reports from UK and USA. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+2:00) the UK will publish a number of indicators on business activity.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-02-21.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\">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 Oscillator is located in the overbought 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: 1.28500, 1.28000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29000, 1.29450, 1.29750<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the round level of 1.29000, expect the quotes to grow toward 1.29400-1.29600.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.28300-1.28000.<\/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: 1.32283<\/li>\n<li class=\"ag-analytics_item\">Open: 1.32587<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.31<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.32447 \u2013 1.32672<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.3566<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">There is an uncertain technical pattern on the USD\/CAD currency pair. The trading instrument is moving sideways. At the moment local support and resistance levels are at 1.32400 and 1.32700, respectively. USD\/CAD quotes have a potential to move down. Investors are waiting for important economic releases from Canada. We also recommend paying attention to the dynamics of oil quotes. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+2:00) the data on retail sales in Canada 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-2020-02-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-02-21.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\">The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">The Stochastic Oscillator is located near the oversold area, 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: 1.32400, 1.32150, 1.31800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.32700, 1.33000, 1.33250<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.32400, expect the quotes to fall toward 1.32000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could grow toward 1.32900-1.33100.<\/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: 111.337<\/li>\n<li class=\"ag-analytics_item\">Open: 112.091<\/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: 111.871 \u2013 112.185<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 104.45 \u2013 113.53<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/JPY quotes show a stable upward trend. The trading instrument has updated the local highs. At the moment the yen has stabilized. Local support and resistance levels are at 111.750 and 112.250, respectively. Technical correction of USD\/JPY currency pair is not ruled out in the nearest future. We expect important statistical data on the US economy. We also recommend to keep an eye on the current information about the epidemic in China. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 21.02.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-02-21.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\">The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD\/JPY.<\/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 the development of a correction movement.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 111.750, 111.200, 110.750<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 112.250, 112.500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 112.250, expect the quotes to rise toward 112.500-112.800.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could correct toward 111.300-111.000.<\/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: 1.08043 Open: 1.07848 % chg. over the last day: -0.17 Day&#8217;s range: 1.07834 \u2013 1.07949 52 wk range: 1.0879 \u2013 1.1572 The EUR\/USD currency pair keeps consolidating. There is no defined trend. The trading instrument is testing local support and resistance [&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-165335","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165335","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=165335"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165335\/revisions"}],"predecessor-version":[{"id":165336,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165335\/revisions\/165336"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}