Analytic reviews

EURUSD

The pair is trading above 1.1550 as the eurozone consumer inflation data is expected to be released. If the data turns out to be strong, the pair may go upwards to 1.1520, but most probably it will resume its fall even against the background of positive data. However, if the data proves weaker than predicted, the price may go directly downwards,

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

Trading recommendations:

A rebound to 1.1520 is possible. Sell the pair from this level with a target of 1.1500 or after passing 1.1550, also wait for it to fall to 1.1500.

EURUSD

The pair is trading above 1.1800. The ECB monetary policy meeting is in the market’s spotlight. If the outcome indicates a pause in the decision to abandon the economic stimulus measures this September, a local fall of the pair should be expected.

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

Trading recommendations:

If the pair goes below 1.1800 following the ECB meeting, it will be expected to go further down to 1.1720.

USDJPY

The pair is trading above 110.50. It’s supported by the decreased geopolitical tension in the world and the expectations of a positive outcome of the Fed monetary policy meeting for the USD.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought level and indicates a weaker growth. Stoch are entering the overbought territory.

Trading recommendations:

If the pair holds above 110.50, it would have the potential to grow up to 111.35, but also the profit taking by investors is possible following the results of the Fed meeting. In this case, the price may go below the support level of 110.50 and then further down to 110.00.

EURUSD

The pair resides lower than 1.1840 level. It is probable that today it will be consolidating while expecting the Fed's monetary policy meeting results which will be revealed on Wednesday.

The price resides higher than the middle line of the Bollinger bands' borders, higher than EMA 5 and EMA 13. RSI is higher than 50% level and rising. Stoch are entering the overbought zone.

Trading recommendations: 

The price may rise up to 1.1840. If this level holds up, there is a possibility of the pair reversing down to 1.1725.

EURUSD

The pair is trading below 1.1800 against the background of profit taking by investors following the growth before the Fed and the ECB meetings next week.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down. Stoch are also falling.

Trading recommendations:

The pair has the potential of a local fall to 1.1700–20.

EURUSD

The pair is above the level of 1.1800. It’s going up as the ECB is expected to not only to abandon the economic stimulus measures this September but to start raising the interest rates next year, based on this May’s strong consumer inflation data and the stable growth of the economies, as shown by the GDP data.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is ion the overbought zone. Stochastic oscillators are also already there.

Trading recommendations:

The price may correct to 1.1800 but if it stays there, a growth up to 1.1900 and then to 1.1950 is possible.

USDCAD

The pair is consolidating above the level of 1.2910. CAD has received support as the US oil reserve data recently released by the American Petroleum Institute show 2 million barrels less than the previous week. The Canadian currency’s growth is also restrained by the increase in gasoline reserves by 3.8 million barrels. If today’s data indicate further decrease of the oil reserves, it may support oil prices.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI has passed the level of 50%. Stochastic oscillators are entering the oversold territory.

Trading recommendations:

The growth of oil prices will put the pair under pressure and after passing 1.2910 it may go further down to 1.2820.

USDJPY

The pair is consolidating below the level of 109.85. Its growth is restrained by the expected increase in tension surrounding the use of trade wars as an instrument of pressure on their economic opponents by the US.

The price is above the middle line of the borders of Bollinger bands, above EMA 4 and EMA 13. RSI is moving horizontally below the overbought zone. Stochastic oscillators are in the overbought zone.

Trading recommendations:

The price’s inability to pass 109.85 and its further decline to 109.50 may lead to a local reversal and a further decline to 108.60.

EURUSD

The pair is consolidating above the level of 1.1665. The markets are waiting for the US employment data to be released. If it’s better than predicted, it will support the USD rate.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI is moving horizontally above the level of 50%. Stochastic oscillators aren’t informative.

Trading recommendations:

If the price goes below 1.1665, it will be likely to go further down to 1.1515.

EURUSD

The pair is in uptrend as the USD is weakened as a timely resolution of the trade conflict between the US and China is no longer expected, while the new edition of the US GDP data for the 1st quarter is weaker than predicted.

The price is above EMA 5 and EMA 13. RSI is above the level of 50% and keeps growing. Stochastic oscillators are in the overbought zone.

Trading recommendations:

If the price goes above 1.685, a local growth up to 1.1750 is possible. Otherwise, the price is likely to go down to 1.1600.