{"id":174002,"date":"2020-07-23T08:45:00","date_gmt":"2020-07-23T12:45:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=174002"},"modified":"2020-07-23T08:04:48","modified_gmt":"2020-07-23T12:04:48","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-07-23","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/the-analytical-overview-of-the-main-currency-pairs-on-2020-07-23\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.07.23"},"content":{"rendered":"<div id=\"inves-986159274\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 23, 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: 1.15281<\/li>\n<li class=\"ag-analytics_item\">Open: 1.15687<\/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: 1.15642\u00a0\u2013 1.15983<\/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\">The US dollar continues to lose ground against a basket of world currencies. EUR\/USD quotes have reached the round level of 1.1600. The 1.1545 mark is already a &#8220;mirror&#8221; support. Relations between Washington and China have escalated again. The US ordered to close the Chinese consulate in Houston. A weak report on existing home sales in the US put additional pressure on the American currency. The demand for greenback is still low. Nevertheless, a technical correction is possible in the near future. We recommend opening positions from key levels.<\/p>\n<div class=\"ag-analytics_title\">The news feed on 2020.07.23:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">\u2013 Initial jobless claims in the US 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-2020-07-23.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-07-23.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal the power of buyers: the price has fixed above 50\u00a0MA and 100\u00a0MA.<\/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 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: 1.1545, 1.1500, 1.1460<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.1600, 1.1650<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 1.1600, further growth in EUR\/USD quotes is expected. The movement is tending to 1.1640-1.1660.<\/p>\n<p class=\"ag-analytics_text\">An alternative may be a decline in the EUR\/USD currency pair to the round level of 1.1500.<\/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: 1.27264<\/li>\n<li class=\"ag-analytics_item\">Open: 1.27159<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.02<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.26984\u00a0\u2013 1.27539<\/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 become stable. At the moment, the British pound is consolidating. Quotes are testing local support and resistance levels: 1.2700 and 1.2745, respectively. The technical pattern signals a possible correction of a trading instrument after a significant increase since the beginning of this week. We recommend paying attention to the news feed on the US economy. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The publication of important UK economic releases is not planned today.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-23.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-23.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed the 50\u00a0MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near the 0\u00a0mark.<\/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: 1.2700, 1.2660, 1.2635<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2745, 1.2765, 1.2800<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.2700, GBP\/USD quotes are expected to correct. The movement is tending to 1.2660-1.2630.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the GBP\/USD currency pair to 1.2780-1.2820.<\/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: 1.34599<\/li>\n<li class=\"ag-analytics_item\">Open: 1.34118<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.31<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.33709\u00a0\u2013 1.34196<\/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\">The USD\/CAD currency pair shows a steady downtrend. The trading instrument has set new local lows. At the moment, USD\/CAD quotes are testing the support of 1.3375. The 1.3425 mark is already a &#8220;mirror&#8221; resistance. The loonie has the potential for further growth against the greenback. We recommend paying attention to the dynamics of the &#8220;black gold&#8221; prices. 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-2020-07-23.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-07-23.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators signal 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 and below the signal line, which gives a strong signal to sell USD\/CAD.<\/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: 1.3375, 1.3340, 1.3300<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.3425, 1.3460, 1.3480<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.3375, a further drop in USD\/CAD quotes is expected. The movement is tending to 1.3340-1.3320.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a recovery of the USD\/CAD currency pair to 1.3450-1.3480.<\/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: 107.204<\/li>\n<li class=\"ag-analytics_item\">Open: 107.115<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.35<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.073 \u2013 107.195<\/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 technical pattern on the USD\/JPY currency pair is still ambiguous. There is no defined trend. Financial market participants expect additional drivers. At the moment, the following local support and resistance levels can be distinguished: 107.10 and 107.30, respectively. 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\">Today, Japan&#8217;s financial markets are closed due to the holiday.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-07-23.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-07-23.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not give accurate signals: the price has crossed the 100\u00a0MA.<\/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 USD\/JPY.<\/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: 107.10, 106.90, 106.70<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.30, 107.40, 107.60<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes above 107.30, USD\/JPY quotes are expected to rise. The movement is tending to 107.50-107.70.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be a decline in the USD\/JPY currency pair to 106.90-106.70.<\/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: 1.15281 Open: 1.15687 % chg. over the last day: +0.37 Day&#8217;s range: 1.15642\u00a0\u2013 1.15983 52 wk range: 1.0777\u00a0\u2013 1.1494 The US dollar continues to lose ground against a basket of world currencies. EUR\/USD quotes have reached the round level of 1.1600. [&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-174002","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174002","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=174002"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174002\/revisions"}],"predecessor-version":[{"id":174003,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174002\/revisions\/174003"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=174002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=174002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=174002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}