{"id":173462,"date":"2020-07-10T08:20:34","date_gmt":"2020-07-10T12:20:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173462"},"modified":"2020-07-10T07:10:27","modified_gmt":"2020-07-10T11:10:27","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-07-10","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/the-analytical-overview-of-the-main-currency-pairs-on-2020-07-10\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.07.10"},"content":{"rendered":"<div id=\"inves-4218699253\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 10, 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: 1.13270<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12834<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.37<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.12549\u00a0 \u2013 1.12903<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0777\u00a0 \u2013 1.1494<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Demand for risky assets has weakened amid a record number of new COVID-19 cases in the United States. Investors are concerned about possible introduction of new restrictive measures in the United States and other countries. During yesterday&#8217;s and today&#8217;s trading sessions, the drop in EUR\/USD quotes has exceeded 60 points. At the moment, the trading instrument is consolidating in the range of 1.1260-1.1290. The single currency is tending to decline. Positions need to be opened from key support and resistance levels.<\/p>\n<div class=\"ag-analytics_title\">The news feed on 2020.07.10:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">\u2013 The 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-2020-07-10.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-07-10.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has crossed 100\u00a0MA.<\/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 is above the %D line, which 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: 1.1260, 1.1220, 1.1195<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.1290, 1.1305, 1.1330<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below the level of 1.1260, a drop in the EUR\/USD quotes is expected. The movement is tending to 1.1230-1.1200.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the EUR\/USD currency pair to 1.1310-1.1340.<\/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: 1.25959<\/li>\n<li class=\"ag-analytics_item\">Open: 1.26063<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.03<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.25668\u00a0 \u2013 1.26109<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1466\u00a0 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair has stabilized after a prolonged rally. The pound sterling is currently consolidating. Local levels of support and resistance are: 1.2570 and 1.2625, respectively. In the near future, the technical correction of GBP\/USD quotes is possible. Demand for risky assets has weakened. Positive data on jobless claims provides additional support for the greenback. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on the UK economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-10.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-10.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has crossed 50\u00a0MA.<\/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: 1.2570, 1.2520, 1.2470<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2625, 1.2675<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.2570, a correction of GBP\/USD quotes is expected. The movement is tending to the round level of 1.2500.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the GBP\/USD currency pair to 1.2670-1.2700.<\/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: 1.35107<\/li>\n<li class=\"ag-analytics_item\">Open: 1.35872<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.43<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.35752\u00a0 \u2013 1.36313<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949\u00a0 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">Purchases prevail on the USD\/CAD currency pair. During yesterday&#8217;s and today&#8217;s trading sessions, the growth of quotations has exceeded 100 points. The trading instrument has reached local extremes. Loonie is currently testing the resistance level of 1.3630. The mark of 1.3585 is already a &#8220;mirror&#8221; support. USD\/CAD quotes are tending to grow. We recommend you to pay attention to the dynamics of prices of &#8220;black gold&#8221;. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">At 15:30 (GMT+3:00), a report 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-2020-07-10.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-07-10.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to the power of buyers: the price has fixed above 100\u00a0MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the positive zone, which gives a signal to buy USD\/CAD.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is near the overbought 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: 1.3585, 1.3555, 1.3520<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.3630, 1.3660, 1.3700<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.3630, the USD\/CAD quotes are expected to rise. The movement is tending to 1.3660-1.3680.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decrease in the USD\/CAD currency pair to 1.3560-1.3530.<\/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: 107.262<\/li>\n<li class=\"ag-analytics_item\">Open: 107.149<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.04<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 106.806\u00a0 \u2013 107.264<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 101.19\u00a0 \u2013 112.41<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY quotes show a negative trend. The trading instrument has set new local lows. The USD\/JPY currency pair has found support at 106.80. The mark of 107.05 is already a &#8220;mirror&#8221; resistance. Demand for &#8220;safe haven&#8221; currencies is still high. The yen is tending to grow. We recommend you to pay attention to the dynamics of yield on US government bonds. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on the Japanese 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-2020-07-10.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-07-10.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators point to the power of sellers: the price has fixed below 50\u00a0MA and 100\u00a0MA.<\/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 oversold 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: 106.80, 106.50<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.05, 107.20, 107.35<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 106.80, a further drop in the USD\/JPY quotes is expected. The movement is tending to 106.50-106.20.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/JPY currency pair to 107.20-107.40.<\/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: 1.13270 Open: 1.12834 % chg. over the last day: -0.37 Day&#8217;s range: 1.12549\u00a0 \u2013 1.12903 52 wk range: 1.0777\u00a0 \u2013 1.1494 Demand for risky assets has weakened amid a record number of new COVID-19 cases in the United States. Investors are [&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-173462","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173462","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=173462"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173462\/revisions"}],"predecessor-version":[{"id":173463,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173462\/revisions\/173463"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}