Analytic reviews

EURJPY

The pair is trading below 129.30. It may preserve the upwards tendency as the ECB is no longer expected to stop the economic stimulus measures in the eurozone, as well as positive industrial inflation data that will be released today.

The price is above the middle Bolliger band, above SMA 5 and SMA 14. RSI is above the overbought territory and is growing. Stoch are on the border of the overbought zone.

Trading recommendations:

If the price passes 129.30, it may continue further up to 130.15.

EURUSD

The pair is trading above 1.1400 amid the surging demand for risk assets caused by Donald Trump’s  promise to offer a new trade deal to China at the G20 summit. This demand may even overwhelm positive US employment market data and lead to the pair’s growth, but only as long as the favorable sentiment remains on the market. 

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the overbought territory and is growing. Stoch are on the border of the overbought zone.

Trading recommendations:

If the pair passes 1.1430, it may continue its upwards tendency and reach 1.1500. At the same time, if it goes below 1.1400, it may drop further down to 1.1300.

GBPUSD

The pair is trading above 1.2820 on the eve of the Bank of England monetary policy meeting. The meeting is not expected to bring favorable news for the GBP. Moreover, if the general market sentiment gets worse, the pair will likely reverse and drop.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and indicates a possible downwards reversal. Stoch are entering the overbought territory.

Trading recommendations:

If the pair goes below 1.2820, it may drop further down to 1.2695–1.2700.

EURUSD

The pair is trading on the level of 1.1340 following the release of data indicating a slowdown of the European economy, and the announcement of the German chancellor Angela Merkel that she would not seek reelection as leader of her party. 

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and is trying to grow. Stoch are reversing in the oversold territory.

Trading recommendations:

If the pair takes hold below 1.1340, there’s a chance of its going further down to 1.1300 and then ti 1.1250.

EURUSD

The pair is trading below 1.1390, while consolidating in the expectation of consumer inflation data in the eurozone and employment data in the US that will be released this Friday.

The price is below the middle Bollinger band, a little above SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are reversing upwards.

Trading recommendations:

If the pair doesn’t grow above 1.1400 and stays there, it may proceed downwards to 1.1300.

EURUSD

The pair is trading above 1.1380. Today, the market is awaiting the publication of the US inflation data. If they confirm the inflation growth in the country, it may put pressure on the pair.

The price is below the middle Bollinger band, on the level of SMA 5, but above SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are reversing downwards.

Trading recommendations:

Sell the pair after it’s gone below 1.1380 with a possible local target of 1.1300.

EURUSD

The pair is trading below 1.1380. It’s under pressure after the ECB meeting indicated that the bank is going to be extremely careful in its monetary policy, which points to its softer variant. Another source of pressure for the pair is the USD getting stronger as a safe haven currency.

The price is below the middle Bollinger band, on the level of SMA 5m but below SMA 14. RSI is above the oversold territory and is trying to grow. Stoch are still in the oversold zone.

Trading recommendations:

Sell the pair at its growth from 1.1400, or after it goes below 1.1360 with a possible local target of 1.1300.

EURUSD

The pair remains in the short-term downtrend in expectation of the ECB’s monetary policy decision. If the bank, and its president Mario Draghi, are optimistic in evaluating the prospects of European economy, the pair will receive support. However, if there are any mentions of risks concerning trade wars of Italy’s debt problems, it may result in a negative attitude towards Euro among investors.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold territory and is growing. Stoch are also growing.

Trading recommendations:

Sell the pair at its growth from 1.1450, it after it goes below 1.1390 with a possible local target of 1.1300.

USDCAD

The pair remains in the short-term uptrend due to decreasing crude oil prices and in expectation of the results of the Bank of Canada monetary policy meeting. If the regulator raises interest rates and hints at more raises in the near future, the price will fall. At the same time, if there’s no tendency towards raising rates and the American economy data is positive, the pair may move up.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50% and is indicating slower decline. Stoch are in the oversold territory.

Trading recommendations:

If the pair remains above 1.3065, it may go further up to 1.3170. However, if it falls below this mark, it may drop further to 1.2995.

EURUSD

The pair is still trading flat within the range of 1.1450–1.1600 amid the growing debt problems in Italy and the decreasing demand on risk assets,

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is indicating slower growth. Stoch are in the oversold territory.

Trading recommendations:

If the pair passes the mark of 1.1445 it will stand a good chance of falling further down to 1.1365 and returning to the range of 1.0500–1.1445 where it had been from early 2015 to mid-2017.