Analytic reviews

GBPUSD

The pair is above the support level of 1.3065. It’s affected negatively by the failed Brexit talks and the endangered EU-Britain trade relations. If this sentiment remains, the pair may resume falling.

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

Trading recommendations:

If the pair goes below 1.3065, it will resume moving down to 1.3000 with a prospect of going even further down to 1.2930.

AUDUSD

The pair has reached the maximum point due to the decreased tensions around the US-China trade war, but this negative factor hasn’t been ruled out completely, which means that a change in the market sentiments may lead to the pair reversing downwards. Moreover, the Fed is expected to raise the key interest rate next week.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are also there.

Trading recommendations:

If the pair doesn’t pass 0.7300, it may reverse downwards and head to 0.7230.

USDCAD

The pair is under pressure due to the decreasing tension around the US-China trade war and the resumed growth of the crude oil prices.

The price is below the middle Bollinger line, below SMA 5 and SMA 14. RSI is on the level of oversold zone. Stoch also there.

Trading recommendations:

If the pair goes below 1.2900, it may fall further down to 1.2815. At the same time, if it goes above 1.2935, a local growth up to 1.2985 is possible.

USDCAD

The pair is still under pressure as the US-Canada talks on North American trade are expected to have a positive outcome. Also, CAD is receiving support amid growing crude oil prices.

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

Trading recommendations:

The pair has a chance to continue falling down to 1.2900 after taking hold below 1.2975.

EURUSD

The pair is still within the range of 1.1540–1.1730. It’s likely to remain this way today. If Mario Draghi’s speech is optimistic, the price may breech 1.1730 and continue growing, but otherwise it would be likely to reverse downwards again.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50% and is trying to grow. Stoch have left the overbought zone.

Trading recommendations:

Due to the price’s inability to pass 1.1730, it may reverse downwards and fall to 1.1640.

EURUSD

The price is poised between two levels of support and resistance, 1.1615 and 1.1645 respectively as the eurozone consumer inflation data is expected to be released. If the data is negative or doesn’t indicate growth, the pair may continue falling. At the same time, if the data shows growth, the pair would be likely to return to uptrend.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50%. Stoch are in the oversold zone and aren’t informative.

Trading recommendations:

If the price passes the level of 1.1615, it may go further down to 1.1530. At the same time, if it moves up above 1.1645, it may go further up to 1.1720.

AUDUSD

The pair is trading below the level of 0.7200 following a local growth caused by the expectations of the US-China talks to be favorable. We do not think it likely, while the Reserve Bank of Australia will not raise the interest rates this year due to this uncertainty, which will probably push the pair downwards again.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is indicating weaker growth. Stoch are in the overbought zone and are reversing downwards.

Trading recommendations:

The pair’s inability to grow above the mark of 0.7200 may lead to its reversing downwards and falling below 0.7100.

AUDUSD

The pair is consolidating at the mark of 0.7100. It’s still under pressure due to the escalating trade conflict between the US and China that may slow the world economy’s growth and decrease the demand for commodities in China, which can result in slower economic growth in Australia.

The price is below the middle Bollinger band, on the level of SMA 5, but below SMA 14. RSI is moving horizontally. Stoch aren’t informative.

Trading recommendations:

If the price takes hold below 0.7100, it may go further down to 0.7000–15.

GBPUSD

The pair is receiving support due to the expectations of the Brexit crisis coming to an end in November. This was hinted at on Monday in the speech of the EU’s Brexit negotiator Michel Barnier.

The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is entering the overbought zone. Stoch are already there.

Trading recommendations:

If the price takes hold above 1.3030, it may result in a local growth up to 1.3100.

AUDUSD

The pair is still under pressure as Donald Trump threatens to raise tariffs on Chinese import to 267 billion dollars which worries the investors who expect slower world economy growth and, as a result, weaker demand of raw materials and commodities.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are also there.

Trading recommendations:

The pair is expected to continue falling to 0.7115 after passing the level of 0.7100 and taking hold below it.