{"id":167970,"date":"2020-04-02T08:15:50","date_gmt":"2020-04-02T12:15:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167970"},"modified":"2020-04-02T07:26:00","modified_gmt":"2020-04-02T11:26:00","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-04-02","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/the-analytical-overview-of-the-main-currency-pairs-on-2020-04-02\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.04.02"},"content":{"rendered":"<div id=\"inves-2891492330\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 2, 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: 1.10390<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09615<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.61<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.09300 \u2013 1.09681<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0777 \u2013 1.1494<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Sales prevail on the EUR\/USD currency pair. Quotes have updated local lows. The COVID-19 pandemic continues to impact the global economy negatively. Donald Trump announced the upcoming &#8220;painful&#8221; two-week fight against coronavirus. At the moment, EUR\/USD quotes are consolidating in the range of 1.08900-1.09700. We recommend opening positions from these marks.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 02.04.2020:<\/p>\n<ul>\n<li class=\"ag-analytics_item\">At 15:30 (GMT+3:00), data on initial jobless claims will be published in the US.<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-02.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\">The 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\">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: 1.08900, 1.08000<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.09700, 1.10400, 1.11400<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.08900, the EUR\/USD currency pair is expected to fall. The movement is tending to the round level of 1.08000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of EUR\/USD quotes to 1.10300-1.10800.<\/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: 1.24140<\/li>\n<li class=\"ag-analytics_item\">Open: 1.23771<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.33<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.23664 \u2013 1.24318<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1466 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The British pound is still being traded in a prolonged flat. There is no defined trend. Since the beginning of this week, the following key support and resistance levels have been formed: 1.23000 and 1.24800, respectively. Financial market participants expect additional drivers. Today, investors will assess important statistics from the UK and the US. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+3:00), UK construction PMI will be published.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-02.jpg\" alt=\"GBP\/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\">The MACD histogram is near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line has 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: 1.23000, 1.21450, 1.20150<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.24800, 1.25500<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the round level of 1.23000, GBP\/USD quotes is expected to fall. The movement is tending to 1.22000-1.21000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the GBP\/USD currency pair to 1.25500-1.26000.<\/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: 1.40648<\/li>\n<li class=\"ag-analytics_item\">Open: 1.41923<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.91<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.40787 \u2013 1.41964<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">There is an ambiguous technical pattern on the USD\/CAD currency pair. A trading instrument is in a sideways trend with a fairly wide range. At the moment, the local support and resistance levels are 1.40800 and 1.42000, respectively. The recovery of the &#8220;black gold&#8221; prices support the loonie. USD\/CAD quotes are tending to decline. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on Canada\u2019s 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-2020-04-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-04-02.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal the power of sellers: the price has fixed below 50 MA and 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram has moved into the negative zone, which indicates the development of bearish sentiment.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a 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: 1.40800, 1.40100, 1.39250<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.42000, 1.42700, 1.43350<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.40800, USD\/CAD quotes are expected to fall. The movement is tending to 1.40100-1.39500.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/CAD currency pair to 1.42500-1.43000.<\/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: 107.498<\/li>\n<li class=\"ag-analytics_item\">Open: 107.154<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.35<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.040 \u2013 107.568<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 101.19 \u2013 112.41<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/JPY quotes continue to consolidate. There is no defined trend. At the moment, the local support and resistance levels are 107.000 and 107.650, respectively. Demand for the &#8220;safe haven&#8221; currencies is still high. The USD\/JPY currency pair has the potential for further decline. We recommend paying attention to the dynamics of the US government bonds yield. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on Japan&#8217;s 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-2020-04-02.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-04-02.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\">The MACD histogram is near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the 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: 107.000, 106.500<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.650, 108.250, 108.700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 107.000, a further drop in the USD\/JPY quotes is expected. The movement is tending to 106.500-106.200.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/JPY currency pair to 108.000-108.500.<\/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: 1.10390 Open: 1.09615 % chg. over the last day: -0.61 Day&#8217;s range: 1.09300 \u2013 1.09681 52 wk range: 1.0777 \u2013 1.1494 Sales prevail on the EUR\/USD currency pair. Quotes have updated local lows. The COVID-19 pandemic continues to impact the global [&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-167970","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167970","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=167970"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167970\/revisions"}],"predecessor-version":[{"id":167971,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167970\/revisions\/167971"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}