{"id":170767,"date":"2020-05-19T08:25:03","date_gmt":"2020-05-19T12:25:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170767"},"modified":"2020-05-19T07:57:58","modified_gmt":"2020-05-19T11:57:58","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-05-19","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/the-analytical-overview-of-the-main-currency-pairs-on-2020-05-19\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.05.19"},"content":{"rendered":"<div id=\"inves-1150965899\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 19, 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: 1.08159<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09169<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.87<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.09022 \u2013 1.09453<\/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 greenback has weakened significantly against its main competitors. During yesterday&#8217;s and today&#8217;s trading sessions, the growth of EUR\/USD quotes has exceeded 120 points. Demand for risky assets has grown significantly after Moderna, a US pharmaceutical company, announced preliminary positive test results for a potential vaccine against the COVID-19 virus. At the moment, the trading instrument is consolidating in the range of 1.0900-1.0945. The technical pattern signals a further increase in EUR\/USD quotes. We expect important economic releases. We recommend opening positions from key levels.<\/p>\n<div class=\"ag-analytics_title\">The Economic News Feed for 19.05.2020<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">&#8211; ZEW economic sentiment indices in Germany and the Eurozone at 12:00 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Statistics on the US real estate market at 15:30 (GMT+3:00).<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">We also recommend paying attention to the speech by the Fed Chairman.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-05-19.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-05-19.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal the power 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, 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 also gives a signal to buy EUR\/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: 1.0900, 1.0875, 1.0850<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.0945, 1.0980, 1.1000<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.0945, further growth of the EUR\/USD currency pair is expected. The movement is tending to 1.0970-1.1000.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a drop in EUR\/USD quotes to 1.0875-1.0860.<\/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: 1.20756<\/li>\n<li class=\"ag-analytics_item\">Open: 1.21932<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.89<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.21846 \u2013 1.22681<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1466 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">GBP\/USD quotes have been growing. Demand for risky assets has resumed. The British pound has updated local highs. The trading instrument found resistance at 1.2265. The 1.2190 mark is already a &#8220;mirror&#8221; support. The GBP\/USD currency pair has the potential for further recovery. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">The UK has published weak labor market data.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-05-19.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-05-19.jpg\" alt=\"GBP\/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 positive zone and above the signal line, which gives a strong signal to buy GBP\/USD.<\/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: 1.2190, 1.2135, 1.2075<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2265, 1.2325, 1.2375<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.2265, further growth of GBP\/USD quotes is expected. The movement is tending to 1.2320-1.2340.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the GBP\/USD currency pair to 1.2150-1.2120.<\/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: 1.41067<\/li>\n<li class=\"ag-analytics_item\">Open: 1.39377<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -1.11<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.39068 \u2013 1.39694<\/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 are aggressive sales on the USD\/CAD currency pair. During yesterday&#8217;s and today&#8217;s trading sessions, the drop in quotes has exceeded 190 points. The greenback demand has weakened. The loonie is supported by the positive dynamics of &#8220;black gold&#8221; prices. At the moment, USD\/CAD quotes are consolidating in the range of 1.3905-1.3970. The Canadian dollar has the potential for further growth against the US dollar. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The publication of important economic releases from Canada is not planned.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-05-19.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-05-19.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 is in the negative zone, indicating the bearish sentiment.<\/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: 1.3905, 1.3850<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.3970, 1.4020, 1.4065<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 1.3905, a further drop in USD\/CAD quotes is expected. The movement is tending to 1.3860-1.3840.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/CAD currency pair to 1.4000-1.4030.<\/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: 107.078<\/li>\n<li class=\"ag-analytics_item\">Open: 107.282<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.12<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.257 \u2013 107.591<\/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 technical pattern is still ambiguous on the USD\/JPY currency pair. A trading instrument is consolidating. There is no defined trend. At the moment, the local support and resistance levels are: 107.30 and 107.60, respectively. We expect economic reports from the US. We also 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\u2019s economy is calm enough.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-05-19.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-05-19.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal the power 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, indicating the bullish sentiment.<\/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: 107.30, 107.05, 106.75<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.60, 107.75, 108.00<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above the resistance level of 107.75, USD\/JPY quotes are expected to rise. The movement is tending to 108.00-108.25.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the USD\/JPY currency pair to 107.00-106.80.<\/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: 1.08159 Open: 1.09169 % chg. over the last day: +0.87 Day&#8217;s range: 1.09022 \u2013 1.09453 52 wk range: 1.0777 \u2013 1.1494 The greenback has weakened significantly against its main competitors. During yesterday&#8217;s and today&#8217;s trading sessions, the growth of 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-170767","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170767","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=170767"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170767\/revisions"}],"predecessor-version":[{"id":170768,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170767\/revisions\/170768"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}