Analytic reviews

EURUSD

The pair may correct upwards due to the profit taking and to its being locally technically oversold. Another possible positive factor is the decreased tension on the world markets and the results of the EU summit.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the oversold zone. Soch are leaving the oversold zone.

Trading recommendations:

The pair may go up to 1.1600. Sell the pair from this level with a possible target of 1.1450.

EURUSD

The pair has found support on the level of 1.1630. It will probably experience a local growth following the profit taking, but it will be expected to resume falling afterward.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is reversing upwards. Stoch have left the oversold zone.

Trading recommendations:

The pair may go up to 1.1715. Sell it from this level with a possible target of 1.1630.

EURUSD

Pasangan mata uang ini bergerak naik pada hari kemarin dikarenakan pernyataan dari presiden Bank of Lithuania yang mengindikasikan bahwa ECB akan memulai menaikkan suku bunga pada bulan September yang akan datang.

Harga berada di atas garis tengah Bollinger band, di bawah SMA 5 tetapi di atas SMA 14. RSI berbalik ke bawah zona overbought. Stoch melewati zona overbought dan berbalik ke bawah.

Rekomendasi perdagangan:

Terdapat kemungkinan besar harga mengkoreksi ke atas menuju titik 1.1630 ketika tetap berada di bawah titik 1.1700.

EURUSD

The pair went up yesterday following the statement from the chairman of the Bank of Lithuania indicating that the ECB may start raising the interest rates next September.

The price is above the middle Bollinger band, below SMA 5, but even higher than SMA 14. RSI is reversing below the overbought zone. Stoch are crossing in the overbought zone and are reversing downwards.

Trading recommendations:

There’s a high possibility of the pair correcting up to 1.1630 while remaining below 1.1700.

GBPUSD

The pair is attempting to pass the mark of 1.3225 as the world market investors’ risk appetite is decreasing due to Donald Trump’s new tariff threats. If it happens, the pair may come under a limited negative influence.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is testing the mark of 50% moving downwards. Stoch are falling.

Trading recommendations:

If the price falls below 1.3225 and the middle Bollinger band, a local fall to 1.3150–55 is possible.

USDCAD

The pair is trading above 1.3275. It’s reversing upwards as the crude oil prices rise and the soon to be released Canada’s consumer inflation data is expected to be positive.

The price is on the middle Bollinger band, below SMA 5 and SMA 14. RSI has left the overbought zone and is moving down. Stoch are falling.

Trading recommendations:

The pair is highly likely to go down to 1.3150–55 after it falls below 1.3275.

GBPUSD

The pair is trading below 1.3145 as the outcome of the Bank of England monetary policy meeting is expected to be revealed today. The interest rates and the volume of assets buyout will most likely stay on the previous levels, while the regulator may indicate that the interest rates raise shouldn’t be expected in any foreseeable future. Due to this, the pair may continue falling.

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

Trading recommendations:

The pair may fall down to 1.3025 following the outcome of the Bank of England meeting.

USDCAD

The pair is trading above 1.3300. The restoration of crude oil prices may put it under pressure and let the price go lower, but the trade war between the US and NAFTA (which also includes Canada and Mexico) may push the pair upwards again after a local rebound downwards.

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

Trading recommendations:

The price may correct downwards if it doesn’t pass 1.3300 and holds above it. If it goes below 1.3265, a local fall to 1.3155 is possible, which would make a 23% Fibonacci retracement.

USDJPY

The pair is trading below 109.90 as the demand for protective assets increases because of the de facto trade war between Washington and Beijing. Considering this, it’s safe to assume that the pair will resume its local decline while forming the Double Top pattern.

The pair is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are also entering the oversold territory.

Trading recommendations:

The pair may correct upwards to 109.90, but will, most likely, resume going downwards to 109.30.

EURUSD

The pair is trading above 1.1575 following a small upwards correction. The general pressure of the USD remains, while the prospect of the Fed and the ECB monetary policies diverging isn’t in favor of the American currency. Considering this, the further decline of the pair is expected.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and moves horizontally. Stoch have reversed downwards.

Trading recommendations:

If the price goes below 1.1575, it may go further down to 1.1500.