Analytic reviews

EURUSD

The pair is again testing the support level of 1.2200. If this level is passed as the US Treasury bonds yields rise, the pair may go further down, and then may proceed falling even lower following the results of the ECB meeting this Thursday.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold zone again. Stochastic oscillators are reversing downwards.

Trading recommendations:

If the pair passes the level of 1.2200 and holds below it, there’s a chance of its local fall down to 1.2250.

EURUSD

The pair is in downtrend above the level of 1.2200 as the ECB monetary policy meeting results are expected to be released. The pair may correct upwards, but it’s most likely to continue falling following the meeting’s results.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is in the oversold territory. Stochastic oscillators are reversing upwards.

Trading recommendations:

If the pair doesn’t pass 1.2200, there’s a chance of a local growth up to 1.2245. At the same time, if it goes below this mark, it may go further down to 1.2150.

EURUSD

The pair is still under pressure as the investors no longer expect the ECB to stop economic stimulus measures before the end of the year due to the slower economic growth and the eurozone’s inflation pressure. The bank is believed to make the decision to wait at the meeting this week.

The price below the middle Bollinger line, below SMA 5, but above SMA 14. RSI is above the oversold zone. Stoch indicate the weakening of growth.

Trading recommendations:

The pair may attempt returning to 1.2285. If this mark isn’t passed, the pair should be sold with a target of 1.2200.

GBPUSD

The pair is still under pressure as the Bank of England is no longer expected to raise the interest rates this June.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold area. Stochastic oscillators are already there.

Trading recommendations:

The pair has fallen below 1.4065 and it’s likely to go further down to 1.3965.

GBPUSD

The pair is testing the level of 1.4185 as the UK retail sales data is expected to be released. It’s anticipated to show a 0.5% decrease this March. If the data turns out to be as predicted or lower, the pair will be highly likely to continue falling.

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 are again in the oversold area.

Trading recommendations:

If the price falls below 1.4185, it may go further down to 1.4085.

EURUSD

The pair is consolidating as the eurozone consumer inflation data is expected to be released. If the data indicate that the inflation is still slowing down, it would put the pair under a local pressure.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is testing the level of 50%. Stochastic oscillators indicate the weakening of growth,

Trading recommendations:

If the released data is weak, the pair may go down to 1.2315 and then further down to 1.2255.

NZDUSD

The pair is consolidating at the local maximum point against the background of the unfavorable China GDP data released today, and also the decreased volume of New Zealand government bonds purchases by non-residents. The pair has been trading flat for over two months due to the uncertainty on the world markets and the ambiguous dynamics of economic data from China. New Zealand’s economy is strongly connected to the Chinese market.

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 have reversed downwards.

Trading recommendations:

If the price falls below 0.7345, it may go further down to 0.7245.

WTI oil

The absence of any evident increase in the Middle East tensions following the missile strike on Syria by the US and the allies puts the oil prices under pressure, as it was the main stimulus for their growth lately.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is going down. Stochastic oscillators are also falling and entering the oversold territory.

Trading recommendations:

If the price falls below 66.5, it may go further down to 65.15.

EURUSD

The price is still trading flat due to the weak eurozone data and the tense geopolitical situation.

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 are growing.

Trading recommendations:

The price is likely to remain within the range of 1.2315–1.1395, but if it breaches the mark of 1.2315, the price may fall down to 1.2255.

USDCAD

The pair is in downtrend as the geopolitical tension surrounding the situation in Syria increases. It’s still unclear whether the US will carry out a missile strike, but if it happens, the tension will reduce and the pair will be expected to reverse upwards.

The price is below the middle line of the borders of Bollinger bands, above EMA 5, but still below EMA 13. RSI is above the oversold zone. Stochastic oscillators have reversed upwards.

Trading recommendations:

If the price passes the mark of 1.2620, it may go further up to 1.2745.