Analytic reviews

EURUSD

The pair is reversing down as a result of the publication of the protocol where the Fed. made it clear that the interest rate increase is possible in September. The ECB monetary policy meeting protocol may cause another negative effect on the pair if it shows that the European Bank is reluctant to change its course. 

The price is higher than the middle Bollinger band but lower than SMA 5 and SMA 14. RSI is lowering but signals the weakening of the fall movement. Stoch are falling.

Trading recommendations: 

If the price falls below1.1550, it may cause a further fall down to 1.1490.

EURUSD

The pair is hanging on the 1.1560 level, awaiting the results of the trade tariffs meeting between the US and China. If the results are negative, the pair is likely to continue falling.

The price is higher than the middle Bollinger band, lower than SMA 5 but higher than SMA14. RSI is crossing the line of the overbought zone, signals to SELL. Stoch are uninformative.

Trading recommendations: 
If the price falls lower than 1.1560, it may cause the price to fall down to 1.1490.

USDCAD

The pair is in the trending downwards amid the decreased demand for the US dollar and the rising interest in the risk assets among investors. It is fairly possible that the pair will continue falling in light of the still increasing oil prices and this week's meeting between the US and China dedicated to the trade tariffs.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and it trying to go upwards. Stoch are in the oversold zone and are yet uninformative. 

Trading recommendations: 
If the price falls below 1.3020, it may cause further fall down to 1.2970.

USDCAD

The pair is trading higher than 1.3050 supported by the possible interest rate hike by Canada's Central Bank in September due to the increasing inflation. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under 50% level and moving horizontally. Stoch are in the oversold zone.

Trading recommendations: 
The pair's fall below 1.3050 may provide the grounds for a further decrease down to 1.3000.

USDCAD

The pair may fall today as the Canada consumer inflation data is expected to be favorable. Also the pair is supported locally by the oil prices trying to resume growth.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and is signaling to sell. Stoch indicate the same.

Trading recommendations:

If the price passes 1.13140, it may go further down to 1.3080.

EURUSD

The pair is below 1.1365. It’s supported by the relatively lower tension on the market due to the resumed tariff talks between China and the US.

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

Trading recommendations:

If the price passes 1.1365, it may go further down to 1.1300.

EURUSD

The pair is below the level of 1.1350. It may try to recover to 1.1400 as the demand for risk assets returns to the European stock markets. However, it’s still more likely to remain under pressure nonetheless.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is leaving the oversold zone and is signaling to buy. Stoch are also reversing upwards.

Trading recommendations:

If the price passes 1.1350, the pair may grow up to 1.1400. Sell the pair at its growth from this mark or after its passing 1.1320 with a possible target of 1.1265.

EURUSD

The pair is below 1.1425. It may receive support due to the expected favorable economic statistical data that is to be released today in Germany and the eurozone.

The pair is below the lower Bollinger band, above SMA 5 and SMA 14. RSI is above the oversold zone and is growing. Stoch aren’t informative yet.

Trading recommendations:

If the price passes 1.1425, further local growth up to 1.1515 is possible.

EURUSD

The pair is trying to recover as the short positions are being closed against the backdrop of profit taking. It’s likely to recover to 1.1450, which would be a good reason to get back to selling it amid the increasing risks for the world economy due to the US-China trade war.

The price is below the lower Bollinger band, above SMA 5, but below SMA 14. RSI is in the oversold zone and is trying to leave it. Stoch aren’t informative.

Trading recommendations:

If the price holds above 1.1390, there’s a chance of a local growth to the level of 1.1450, from which we recommend selling the pair with a possible target of 1.1300. Also, you may sell it after it’s below 1.1365 with a target of 1.1300.

AUDUSD

The pair is trading above 0.7320. If this mark is breached amid the growing tension of the trade wars and the consumer inflation data is positive, the pair may go further down.

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

Trading recommendations:

If the level of 0.7320 is breached, the pair would be likely to fall to 0.7250.