Analytic reviews

EURUSD

The pair is trading below 1.1750 as the results of the ECB meeting are expected to be revealed. If the ECB underlines the concern over the eurozone’s economy in light of the trade wars, it may put the pair under pressure. At the same time, optimism caused by the result of Wednesday’s US-EU talks may push the pair upwards.

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 in the overbought zone and are trying to reverse downwards.

Trading recommendations:

Sell the pair after it goes below 1.1720 with a possible target of 1.1670. At the same time, if it rises above 1.1750, it may experience a limited growth to 1.1785.

EURUSD

The pair is trading within the range of 1.1635–1.1745 as the trade war between the US and China escalates and the results of the ECB Thursday monetary policy meeting are expected to be revealed.

The price is on the middle Bollinger band, above SMA 5, but below SMA 14. RSI is on the level of 50% and is moving horizontally. Stoch aren’t informative.

Trading recommendations:

Sell the pair at its growth from 1.1745 with a possible target of 1.1635.

AUDUSD

The pair is trading within the range of 0.7310–0.7445 against the background of the US-China trade war and the unlikelihood the RBA raising the interest rates in the foreseeable future.

The price is below the middle Bollinger line, below SMA5 and SMA 14. RSI is below the level of 50% and is smoothly moving down. Stoch are in the oversold zone and aren’t informative.

Trading recommendations:

The price is expected to go down to 0.07310 after passing 0.7360.

EURUSD

The pair is trading within the existing range. The tendency is likely to remain until the ECB monetary policy meeting this Thursday. Due to this it’s possible to assume that the pair may correct downwards today.

The price is above the lower Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and is reversing downwards. Stoch are reversing downwards in the oversold zone.

Trading recommendations:

The price is expected to move down to 1.1635, after passing 1.1710.

EURUSD

The pair didn’t pass 1.1670 due to Donald Trump’s expressed dissatisfaction with the USD rate on Thursday and now is trading below this level. The pair is likely to continue its local decline while still trading flat.

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

Trading recommendations:

The price is expected to go down to 1.1550.

EURUSD

The pair is trading in downtrend above 1.1615 due to stronger USD positions following Jerome Powell’s speech in the Senate. This tendency is expected to remain today.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are reversing downwards. Stoch are reversing downwards.

Trading recommendations:

If the level of 1.1615 is breached, the pair may fall further down to 1.1550.

AUDUSD

The pair is trading below 0.7360 and is likely to keep moving in the current sideways trend against the backdrop of trade wars and the possible further interest rates raise by the Fed which was indicated at on Tuesday by its chairman Jerome Powell.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are in the oversold zone and are not informative.

Trading recommendations:

If level of 0.7360 is breached, the price may fall down to 0.7300–10.

EURUSD

The pair is trading above the level of 1.1715. It’s supported by the decreased geopolitical risks and by the investors hoping that the Eurozone consumer inflation data indicates growth,

The price is on the upper Bollinger band, above SMA 5 and SMA 14.RSI is above the level of 50% and is growing. Stoch are reversing above the overbought zone.

Trading recommendations:

If the level of 1.1715 is breached, there would be a possibility of a local growth up to 1.1780.

EURUSD

The pair is trading above 1.1670 as the US retail sales data is expected to be released, which may result in the pair’s growth or decline.

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

Trading recommendations:

If the US data is unfavorable, the pair may grow locally to 1.1780. At the same time, if the data is positive, the price may fall below the support level of 1.1670 and continue down to 1.1615.

EURUSD

The pair is trading below 1.1650 following the release of the ECB meeting minutes that indicated the intention to follow the soft monetary policy for an indefinite period of time.

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 have reversed downwards.

Trading recommendations:

The price is expected to fall down to 1.1600 and then possibly to 1.1555.