{"id":168412,"date":"2020-04-09T09:02:48","date_gmt":"2020-04-09T13:02:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168412"},"modified":"2020-04-09T09:02:48","modified_gmt":"2020-04-09T13:02:48","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-04-09","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/the-analytical-overview-of-the-main-currency-pairs-on-2020-04-09\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.04.09"},"content":{"rendered":"<div id=\"inves-3749863135\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 9, 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: 1.08900<\/li>\n<li class=\"ag-analytics_item\">Open: 1.08537<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.30<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.08410 \u2013 1.08894<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0777 \u2013 1.1494<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The EUR\/USD currency pair is consolidating. There is no defined trend. EUR\/USD quotes are testing local support and resistance levels: 1.08250 and 1.08850, respectively. Financial market participants have taken a wait-and-see attitude before the publication of the ECB protocol. We recommend paying attention to the comments by representatives of the regulator. Investors will also assess important economic releases from the US. Positions should be opened from key support and resistance levels.<\/p>\n<p class=\"ag-analytics_text\">The Economic News Feed for 09.04.2020<\/p>\n<ul>\n<li class=\"ag-analytics_item\">&#8211; ECB monetary policy meeting account at 14:30 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Initial jobless claims in the US at 15:30 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; US producer price index at 15:30 (GMT+3:00).<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-09.jpg\" alt=\"EUR\/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 is above the %D line, which indicates the 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: 1.08250, 1.07750<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.08850, 1.09250, 1.09700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.08850, the EUR\/USD currency pair is expected to grow. The movement is tending to 1.09250-1.09500.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a drop in the EUR\/USD quotes to 1.07900-1.07700.<\/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: 1.23253<\/li>\n<li class=\"ag-analytics_item\">Open: 1.23753<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.39<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.23608 \u2013 1.24187<\/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 GBP\/USD currency pair is in a sideways trend. There is no defined trend. At the moment, the local support and resistance levels are 1.23550 and 1.24250, respectively. The technical pattern signals a possible growth of the trading instrument. Today, investors will assess important statistics on the US economy. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">Great Britain published weak data on the country&#8217;s GDP. At the same time, UK manufacturing production grew by 0.5% and exceeded market expectations at 0.1%.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-09.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: 50 MA has crossed 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone, indicating the bullish sentiment.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy GBP\/USD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.23550, 1.22900, 1.22150<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.24250, 1.24800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.24250, GBP\/USD quotes are expected to grow. The movement is tending to 1.24700-1.25000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the GBP\/USD currency pair to a round level of 1.23000.<\/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: 1.39921<\/li>\n<li class=\"ag-analytics_item\">Open: 1.40137<\/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: 1.40002 \u2013 1.40549<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">At the moment, USD\/CAD quotes are consolidating. The technical pattern is ambiguous. The local support and resistance levels are 1.40000 and 1.40800, respectively. Recovery of the &#8220;black gold&#8221; prices supports the loonie. We do not rule out the strengthening of the Canadian dollar relative to the greenback. Investors expect a report on Canada\u2019s labor market. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+3:00), data on the labor market of 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-2020-04-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-04-09.jpg\" alt=\"USD\/CAD\" \/> <\/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 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: 1.40000, 1.39450<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.40800, 1.41750, 1.42600<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the round level of 1.40000, a further drop in the USD\/CAD quotes is expected. The movement is tending to 1.39500-1.39200.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/CAD currency pair to 1.41300-1.41600.<\/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: 108.744<\/li>\n<li class=\"ag-analytics_item\">Open: 108.824<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.11<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 108.768 \u2013 109.063<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 101.19 \u2013 112.41<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair is still being traded in a flat. There is no defined trend. USD\/JPY quotes are testing the key support and resistance levels: 108.550 and 109.000, respectively. US economic releases are in the focus of attention. We also 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-2020-04-09.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-04-09.jpg\" alt=\"USD\/JPY\" \/> <\/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 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: 108.550, 108.150, 107.600<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 109.000, 109.350, 110.100<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 109,000, further growth of USD\/JPY quotes is expected. The movement is tending to 109.400-109.800.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the USD\/JPY currency pair to 108.200-107.800.<\/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: 1.08900 Open: 1.08537 % chg. over the last day: -0.30 Day&#8217;s range: 1.08410 \u2013 1.08894 52 wk range: 1.0777 \u2013 1.1494 The EUR\/USD currency pair is consolidating. There is no defined trend. EUR\/USD quotes are testing local support and resistance levels: [&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-168412","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168412","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=168412"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168412\/revisions"}],"predecessor-version":[{"id":168413,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168412\/revisions\/168413"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}