Analytic reviews

AUDUSD

The pair is trading below the level of 0.7085 and is still under pressure as the risk appetite is dropping in the markets due to the escalating US-China crisis.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is leaving the oversold territory. Stoch aren’t informative.

Trading recommendations:

The pair may recover to 0.7085 due to the partial closing of short positions. Sell the pair approximately from this level with a local target of 0.7020.

AUDUSD

The pair remains in a short-term downtrend due to the still unresolved US-China trade dispute. It may be put under extra pressure after the US employment data is released today.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone and is moving horizontally. Stoch are not informative.

Trading recommendations:

The price’s inability to rise above 0.7085 may result in its dropping to 0.7020 or even further down to 0.7000.

EURUSD

The pair is under pressure amid the escalating Greek debt crisis, while the US and China enter the new level of negative relations which that are not only of trade, but also of geopolitical nature.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone and is trying to reverse downwards. Stoch are also in the oversold zone.

Trading recommendations:

The pair may recover to 1.1515 due to the profit taking, but we advise selling it from this level with a target level of 1.1400.

AUDUSD

The pair is consolidating below 0.7200 as the ADP data for the previous month is expected to be released in the US, while the services business activity index is also to be published. If the data is favorable, the pair will be likely to resume its local fall.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone and is moving horizontally. Stocha are slowly reversing upwards.

Trading recommendations:

If the pair drops below 0.7165, it may go further down to 0.7130 or even to 0.7100.

EURUSD

The pair remains in downtrend due to the USD’s stronger positions and the difference of the interest rates between the Fed and the ECB, not in favor of the latter.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is enterubg the oversold zone. Stoch are also there.

Trading recommendations:

If the pair goes below 1.1565 and takes hold there, it will be more likely to continue further down to 1.1500.

EURUSD

The pair is still under pressure as the Chinese economy growth is slowing down, which may cause the same for the world economy, while the Fed is expected to keep raising the interest rates. Another factor is the reached USA-Canada trade deal which will allow the US to focus on Europe and China.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is entering the oversold zone. Stoch are reversing downwards.

Trading recommendations:

If the pair goes below 1.1580, it’s likely to continue falling to 1.1525.

EURUSD

The pair is under pressure as, on one hand, the Fed is expected to, unlike the world’s other central banks, keep raising the interest rates, while on the other hand, the world tension supports the USD as a safe heaven currency.

The price is on the lower Bollinger band, below SMA 5 and SMA 14. RSI is entering the oversold zone. Stoch are already there.

Trading recommendations:

If the pair goes below 1.1620 due to the positive US inflation data, it may continue its local fall to 1.1656. At the same time, if the data is not favorable, it may revert to 1.1700.

EURUSD

The pair has plummeted below 1.1730 following the prolonged period of consolidation. The pair may keep falling against the background of the Fed’s decision to continue raising the rates, the lack of progress in the Brexit talks and the general instability of the world economy.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI has crossed the level of 50% and is indicating to sell. Stoch aren’t very informative.

Trading recommendations:

If the pair goes below 1.1700, it will continue its local fall to 1.1640.

GBPUSD

The pair has corrected upwards following the profit taking after the recent drop. The main negative factor for the GBP is the failed Brexit talks. The pair may be negatively affected today if the Fed not only raises the rates, but also indicates that the process is to be continued.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are intercrossing in the overbought zone.

Trading recommendations:

If the pair doesn’t grow above 1.3000, it may drop to 1.3065 following the Fed’s decision that is favorable for the USD.

AUDUSD

The pair is below the support level of 0.7255. It’s affected negatively by the increasing tension around the US-China trade relations following Beijing's decision to cease the negotiations on Monday.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is trying to reverse upwards. Stoch are in the oversold zone.

Trading recommendations:

Sell the pair with local targets of 0.7200 and 0.7150.