{"id":165973,"date":"2020-03-05T08:15:26","date_gmt":"2020-03-05T13:15:26","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165973"},"modified":"2020-03-05T07:16:43","modified_gmt":"2020-03-05T12:16:43","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-03-05","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/the-analytical-overview-of-the-main-currency-pairs-on-2020-03-05\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.03.05"},"content":{"rendered":"<div id=\"inves-1102461617\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 5, 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: 1.11711<\/li>\n<li class=\"ag-analytics_item\">Open: 1.11346<\/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: 1.11305 \u2013 1.11426<\/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 long rally. At the moment the trading instrument is consolidating. EUR\/USD quotes are testing key support and resistance levels at 1.11100 and 1.11850, respectively. Investors continue to assess the risks of COVID-19 virus spreading. The U.S. House of Representatives plans to allocate $8.3 bln to fight the epidemic. The greenback is under pressure from the prospects of further easing the Fed&#8217;s monetary policy. Futures indicate a 50% probability that the Central Bank will cut interest rates by another 50 basis points by July. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2020:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; Initial Jobless Claims (US) \u2013 15:30 (GMT+2:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Volume of Industrial Orders (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-2020-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-03-05.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has fixed between 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 below the %D line, which indicates a correction of the EUR\/USD currency pair.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.11100, 1.10500, 1.10000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.11850, 1.12200, 1.12500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.11850, expect further growth toward 1.12200-1.12500.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could decline toward 1.10600-1.10400.<\/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: 1.28117<\/li>\n<li class=\"ag-analytics_item\">Open: 1.28697<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.46<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.28607 \u2013 1.28892<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1959 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD quotes have moved up. The pound has updated the local highs. At the moment GBP\/USD currency pair is consolidating near the round level of 1.29000. 1.28400 is already a mirror support. The demand for the US dollar remains at a rather low level. GBP has a potential for further growth against greenback. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-03-05.jpg\" alt=\"GBP\/USD\" \/> <\/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 in the neutral zone, 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: 1.28400, 1.27850, 1.27400<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.29000, 1.29450<\/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 1.27900-1.27700.<\/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: 1.33829<\/li>\n<li class=\"ag-analytics_item\">Open: 1.33864<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.02<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.33846 \u2013 1.34021<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.3566<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Yesterday, the USD\/CAD currency pair showed high trading activity. The Bank of Canada reduced the key interest rate by 50 basis points to 1.25%. This decision was taken by the Board of Governors of the Central Bank in connection with the coronavirus COVID-19 outbreak, which had a significant negative impact on the growth prospects of both the Canadian and global economy. Currently, the CAD is consolidating in the range of 1.33800-1.34300. We recommend paying attention to the dynamics of oil quotations and opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-03-05.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 in the neutral 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: 1.33800, 1.33200, 1.32650<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.34300, 1.34600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.34300, expect the quotes to rise toward 1.34600-1.35000.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could descend toward 1.33300-1.33000.<\/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: 107.120<\/li>\n<li class=\"ag-analytics_item\">Open: 107.529<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.54<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.190 \u2013 107.740<\/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 has stabilized after a long slump. At the moment the quotes are consolidating. The trading instrument tests the following support and resistance levels 107.000 and 107.800, respectively. Demand for safe haven currencies remains at a high level. However, technical correction of USD\/JPY currency pair is not excluded in the nearest future. We recommend paying attention to the dynamics of US government bonds yield and opening from key levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 05.03.2020 is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-03-05.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-03-05.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price is consolidating near 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 is above the %D line, which indicates a correction of the USD\/JPY currency pair.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 107.000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.800, 108.550, 109.300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the round level of 107.000, expect the quotes to fall toward 106.600-106.300.<\/p>\n<p class=\"ag-analytics_text\">Alternatively, the quotes could correct toward 108.500-109.000.<\/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: 1.11711 Open: 1.11346 % chg. over the last day: -0.31 Day&#8217;s range: 1.11305 \u2013 1.11426 52 wk range: 1.0879 \u2013 1.1572 The EUR\/USD currency pair has stabilized after a long rally. At the moment the trading instrument is consolidating. EUR\/USD quotes [&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-165973","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165973","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=165973"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165973\/revisions"}],"predecessor-version":[{"id":165975,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165973\/revisions\/165975"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}