{"id":169139,"date":"2020-04-22T08:15:29","date_gmt":"2020-04-22T12:15:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169139"},"modified":"2020-04-22T07:34:25","modified_gmt":"2020-04-22T11:34:25","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-04-22","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/the-analytical-overview-of-the-main-currency-pairs-on-2020-04-22\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.04.22"},"content":{"rendered":"<div id=\"inves-1066247127\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 22, 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: 1.08602<\/li>\n<li class=\"ag-analytics_item\">Open: 1.08565<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.05<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.08449 \u2013 1.08695<\/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 technical pattern is still ambiguous on the EUR\/USD currency pair. The euro is being traded in a flat. At the moment, the local support and resistance levels are 1.0845 and 1.0875, respectively. Financial market participants assess the effects of the coronavirus pandemic. The &#8220;black gold&#8221; prices have reached multi-year lows due to a significant drop in demand. Over the past month, the number of jobless claims in the US has exceeded 20 million. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">Today, the publication of important economic releases is not expected.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-22.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-04-22.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: 1.0845, 1.0815, 1.0800<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.0875, 1.0900, 1.0935<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.0845, the EUR\/USD currency pair is expected to fall. The movement is tending to the round level of 1.0800.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of EUR\/USD quotes to 1.0900-1.0930.<\/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: 1.24286<\/li>\n<li class=\"ag-analytics_item\">Open: 1.22863<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -1.15<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.22746 \u2013 1.23306<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1466 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">There are aggressive sales on the GBP\/USD currency pair. The British pound has reached two-week lows. The demand for risky assets is still low. Currently, GBP\/USD quotes are consolidating. The local support and resistance levels are 1.2275 and 1.2335, respectively. We do not exclude a further drop in GBP\/USD quotes. We recommend opening positions from key support and resistance levels.<\/p>\n<p class=\"ag-analytics_text\">In March, the consumer price index in the UK met market expectations and counted to 1.5% (y\/y).<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-22.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-04-22.jpg\" alt=\"GBP\/USD\" \/> <\/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 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\">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: 1.2275, 1.2250, 1.2200<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2335, 1.2390, 1.2445<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.2335, further growth of GBP\/USD quotes is expected. The movement is tending to 1.2380-1.2400.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the GBP\/USD currency pair to 1.2240-1.2220.<\/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: 1.41448<\/li>\n<li class=\"ag-analytics_item\">Open: 1.42103<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.44<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.41607 \u2013 1.42376<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">USD\/CAD quotes have become stable after a prolonged rally. At the moment, the trading instrument is testing the &#8220;mirror&#8221; support of 1.4160. The 1.4245 mark is the key resistance. The loonie is still under pressure amid aggressive sales in the &#8220;black gold&#8221; market. We do not exclude further growth of the USD\/CAD currency pair. Investors expect important economic reports from Canada. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+3:00), inflation data will be published in Canada.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-04-22.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-04-22.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price is testing 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram has started to decline, indicating a possible correction of the USD\/CAD currency pair.<\/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: 1.4160, 1.4110, 1.4050<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.4245, 1.4300<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 1.4160, USD\/CAD quotes are expected to correct. The movement is tending to 1.4120-1.4100.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/CAD currency pair to 1.4270-1.4300.<\/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: 107.612<\/li>\n<li class=\"ag-analytics_item\">Open: 107.761<\/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: 107.516 \u2013 107.868<\/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 prolonged flat. There is no defined trend. Financial market participants expect additional drivers. At the moment, the local support and resistance levels are 107.50 and 107.85, respectively. Demand for &#8220;safe haven&#8221; currencies remains at a fairly high level. We recommend paying attention to the dynamics of 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-2020-04-22.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-04-22.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed 50 MA and 100 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: 107.50, 107.25, 106.95<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.85, 108.10<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 107.50, a further drop in the USD\/JPY quotes is expected. The movement is tending to 107.20-107.00.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/JPY currency pair to 108.10-108.30.<\/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: 1.08602 Open: 1.08565 % chg. over the last day: -0.05 Day&#8217;s range: 1.08449 \u2013 1.08695 52 wk range: 1.0777 \u2013 1.1494 The technical pattern is still ambiguous on the EUR\/USD currency pair. The euro is being traded in a flat. At [&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-169139","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169139","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=169139"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169139\/revisions"}],"predecessor-version":[{"id":169140,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169139\/revisions\/169140"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}