Analytic reviews

EURUSD

The pair is in downtrend against the backdrop of the ongoing political crisis in Italy and Spain. The expected raise of the interest rates in the US also puts the pair under pressure, which strengthens the positions of the USD.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is at the level of the oversold zone. Stochastic oscillators aren’t informative.

Trading recommendations:

If the price falls below 1.1525, it’s likely to go further down to 1.1420.

EURUSD

The pair is in downtrend against the backdrop of the political crisis in Italy and Spain. The expected growth of the interest rates in the US also supports the USD.

The price is at the lower line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is reversing downwards. Stochastic oscillators are in the oversold zone.

Trading recommendations:

If the price holds below 1.1600, the pair is likely to go further down to 1.1500.

EURUSD

The pair is in downtrend as the Fed is expected to keep raising the interest rates, while the ECB is expected to stick to its current policy until the end of the year.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50%. Stochastic oscillators haven’t stopped growing yet.

Trading recommendations:

If the price holds below 1.1685, the pair will be likely to go further down to 1.1600.

USDCAD

The price is trading above the level of 1.2900 as the crude oil prices correct and if they continue falling, the pair will likely go upwards.

The price is above the middle line of the borders of Bollinger bands, above EMA 5, but below EMA 13. RSI is above the level of 50% and is slowly growing. Stochastic oscillators are also growing.

Trading recommendations:

If the price holds above 1.2900, the pair will grow up to 1.2980.

GBPUSD

The price is correcting upwards following yesterday’s significant decline triggered by the indications of lower inflation in Britain. The pair is likely to resume falling after the rebound.

The price is below the middle line of the borders of Bollinger bands, above EMA 5, but below EMA 13. RSI is below the level of 50% and indicates a weaker growth. Stochastic oscillators are growing.

Trading recommendations:

Sell the pair at its growth, approximately from 1.3400 with a target of 1.3270.

GBPUSD

The pair resumed falling following the renewed growth of the USD, which is supported by the expectations not only of the Fed continuing to raise the interest rates but also of the improving the US-China trade balance by 100 billion.

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

Trading recommendations:

The pair is highly likely to proceed further down to 1.3270.

USDJPY

The pair has corrected downwards against the backdrop of profit-taking by investors, as well as a small decline of the US government bonds yield and of the demand for company stocks.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50% and is reversing upwards. Stochastic oscillators indicate a cease of decline.

Trading recommendations:

The pair is highly likely to grow up to 112.00 after passing the level of 111.35.

EURUSD

The pair has breached a strong support level of 1.765 against the background of Euro’s apparent weakness and a truce in the trade war between US and China.

The price is below the lower line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold zone. Stochastic oscillators are also there.

Trading recommendations:

The pair is likely to go down to 1.1660.

EURUSD

The pair is trading within the existing range as the US Treasury bonds yield is expected to grow, which would support the USD rate.

The price is below the middle line of the borders of Bollinger bands, avoce EMA 5 and EMA 13. RSI is moving horizontally. Stochastic oscillators are reversing upwards.

Trading recommendations:

Sell the pair right after it’s gone below 1.1765 with a possible further decline to 1.1700. At the same time, if it goes above 1.1835, the price may start testing the level of 1.1900.

EURUSD

The pair is trading above the support line of 1.1800. It’s still under pressure as the monetary policies of the ECB and the Fed are now expected to be divergent. While the American central bank is thought to continue raising the interest rates, the European regulator will likely pause this process.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is reversing downwards. Stochastic oscillators indicate a weaker growth.

Trading recommendations:

Sell the pair after it sinks below 1.1800 with a possible further decline to 1.1700.