{"id":170902,"date":"2020-05-21T08:20:56","date_gmt":"2020-05-21T12:20:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170902"},"modified":"2020-05-21T08:01:49","modified_gmt":"2020-05-21T12:01:49","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-05-21","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/the-analytical-overview-of-the-main-currency-pairs-on-2020-05-21\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.05.21"},"content":{"rendered":"<div id=\"inves-2978592863\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 21, 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: 1.09231<\/li>\n<li class=\"ag-analytics_item\">Open: 1.09794<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.51<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.09523 \u2013 1.09818<\/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 single currency has continued to grow against the greenback. EUR\/USD quotes have set new local highs. Investors assess the FOMC meeting minutes. The regulator plans to keep rates near zero until there is confidence in a stable recovery in the US economy. At the moment, the EUR\/USD currency pair is consolidating in the range of 1.0950-1.0990. A trading instrument has the potential for further growth. We expect important economic releases from Germany, the Eurozone and the US. We recommend opening positions from key levels.<\/p>\n<div class=\"ag-analytics_title\">News background on 2020.05.21:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">&#8211; A number of indicators on economic activity in Germany and the Eurozone at 10:30 (GMT+3:00) and 11:00 (GMT+3:00), respectively;<\/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; Philadelphia Fed manufacturing index at 15:30 (GMT+3:00);<\/li>\n<li class=\"ag-analytics_item\">&#8211; Existing home sales in the US at 17:00 (GMT+3:00).<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">We also recommend paying attention to speeches by the Fed Chairman and the FOMC representatives.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-05-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-05-21.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, but below the signal line, which gives a weak signal to buy EUR\/USD.<\/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: 1.0950, 1.0920, 1.0900<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.0990, 1.1030, 1.1060<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.0990, further growth of EUR\/USD quotes is expected. The movement is tending to 1.1030-1.1050.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a drop in EUR\/USD quotes to 1.0920-1.0900.<\/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: 1.22539<\/li>\n<li class=\"ag-analytics_item\">Open: 1.22340<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.10<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.21856 \u2013 1.22439<\/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 technical pattern is still ambiguous on the GBP\/USD currency pair. The British pound continues to consolidate. At the moment, the local support and resistance levels are: 1.2175 and 1.2225, respectively. Financial market participants expect additional drivers. Today, investors will assess important statistics on the UK and US economies. We recommend opening positions from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 11:30 (GMT+3:00), a number of indicators on economic activity will be published in the UK.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-05-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-05-21.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 negative zone, which gives a 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 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: 1.2175, 1.2135, 1.2075<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2225, 1.2280, 1.2325<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.2225, GBP\/USD quotes are expected to rise. The movement is tending to 1.2270-1.2300.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the GBP\/USD currency pair to 1.2140-1.2100.<\/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: 1.39402<\/li>\n<li class=\"ag-analytics_item\">Open: 1.39005<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.29<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.38985 \u2013 1.39468<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/CAD currency pair is still being traded in a flat. There is no defined trend. The local support and resistance levels are: 1.3910 and 1.3960, respectively. The loonie is supported by the recovery of oil quotes. We expect important economic releases from the US. The USD\/CAD currency pair has the potential for further 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-2020-05-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-05-21.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 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: 1.3910, 1.3870<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.3960, 1.4020, 1.4065<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the support level of 1.3910, a further drop in USD\/CAD quotes is expected. The movement is tending to 1.3870-1.3850.<\/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: 107.699<\/li>\n<li class=\"ag-analytics_item\">Open: 107.473<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.17<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.473 \u2013 107.848<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 101.19 \u2013 112.41<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">There is an ambiguous technical pattern on the USD\/JPY currency pair. The trading instrument is in a sideways trend. There is no defined trend. At the moment, the local support and resistance levels are: 107.55 and 107.85, respectively. Financial market participants expect additional drivers. 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\">Japan published weak trade balance data.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-05-21.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-05-21.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 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: 107.55, 107.35, 107.10<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.85, 108.05<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 107.85, further growth of USD\/JPY quotes is expected. The movement is tending to 108.10-108.30.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the USD\/JPY currency pair to 107.35-107.10.<\/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: 1.09231 Open: 1.09794 % chg. over the last day: +0.51 Day&#8217;s range: 1.09523 \u2013 1.09818 52 wk range: 1.0777 \u2013 1.1494 The single currency has continued to grow against the greenback. EUR\/USD quotes have set new local highs. Investors assess the [&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-170902","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170902","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=170902"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170902\/revisions"}],"predecessor-version":[{"id":170903,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170902\/revisions\/170903"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}