Analytic reviews

GBPUSD

The pair is declining due to profit-taking and the resumption of growth in the yield of US treasuries.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. The movings have crossed and are giving a sell signal. RSI is below the 50% level and continues to drop. Stoch are entering the oversold zone.

GBPUSD rate online: monitor the price movement in real time.

Trading Idea:

A decline below 1.3725 may result in a further drop to 1.3670.

EURUSD
The pair is again below 1.1880. If the market continues to maintain a positive sentiment for purchasing companies shares and the yield of US treasuries will remain under pressure, it will negatively affect the US dollar, pushing the pair up.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is once again entering the overbought zone. Stoch are turning up above the oversold zone.

EURUSD rate online: monitor the price movement in real time.
Trading idea:
If the pair still holds above 1.1880, it will continue to grow to 1.1985.

Wednesday, April 7th, today’s news—European markets are trading near record highs, the UK's stocks are up as business activity rises, Germany's private sector in March grew at the highest rate in three years. Oil is up on positive economic outlook, American markets edge higher, Treasury yields fall ahead of the Fed's meeting minutes, dollar strengthens. The price of Brent oil is $62.72, WTI—$59.37, EUR/USD is at 1.1885, GBP/USD—1.3819, gold is $1,738.10 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

Gas arrow rebounded from the support level, thus returning to the sideways movement that it was moving within after it reached the resistance 234.75 and managed to slightly breach it.

The price is moving above the 7-20-50 moving averages that are forming support levels for the price and pressuring it to rise again.

We notice that the stochastic indicator reached the overbought area in an upward path after it managed to reach it, and thus we may see the price attempt to continue to rise after the correction ended and return to the ascending path

The price action will be between the support level 225.20 and the resistance level 245.00.

General direction of movement: side path.

EURUSD

The pair is below 1.1880. It may continue to rise as Treasury yields continue to correct downwards on the American bond market.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. The relative RSI is in the overbought zone. Stoch are turning down again in the overbought zone.

EURUSD rate online: monitor the price movement in real time.

Trading idea:

If the pair holds above 1.1880, it is likely to resume growth towards 1.1985.

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicates an oversold condition. The support level of 25.00 holds back sellers.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss: under the support level: 25.00.

Target levels: 28.64; 31.68.

AUDUSD

The trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending H4 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.

AUDUSD rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

The stop loss under the level of 123.6% of the AN4—0.7690.

Target levels: 0.7535; 0.7460.

USDCAD

The pair is consolidating at the level of 1.2680. It’s under pressure amid the weaker US dollar and higher crude oil prices, which supports the Canadian commodity currency.

Technical side:

The price is located below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are above the level of 50% and show a downward turn.

Trading idea:

Fixing the price below 1.2680 will result in a further drop to 1.2615.

GBPUSD

The pair is trading amid a stronger US dollar, which is still supported by the growth in the yield of US Treasury government bonds.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are also declining.

Trading idea:

A decline below 1.3600 will result in a further drop to 1.3525.

EURUSD

The pair is trading below 1.2100 due to the stronger US dollar, which is supported by an increase in the yield of US government bonds.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch exiting the oversold zone are growing.

Trading idea:

If the pair doesn’t hold above 1.2060, it will resume a local decline to 1.2000.