Analytic reviews

EURUSD

The pair is supported by the lack of tension surrounding the trade war between the US and China. If nothing scares the investors the pair has the potential to grow while forming the descending triangle pattern.

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

Trading recommendations:

If the pair doesn’t fall below 1.2440, it may still go up to 1.2500. At the same time, if it does fall below this mark, it will go further down to 1.2400 as it’s overbought locally.

EURUSD

The pair is growing as the recently started trade war between the US and China is feared to have a negative impact on the USD. Technically the pair is forming a descending triangle continuation pattern.

The pair is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is below the overbought zone. Stoch are already in the overbought territory.

Trading recommendations:

The pair may form a trend continuation pattern and go up to 1.2450–55 as the US dollar rate weakens.

USDJPY

The price is moving down following Donald Trump’s de facto declaration of trade war with China. Hence the demand for the Japanese yen is growing and the pair may resume falling after the likely correction upwards.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is on the oversold zone. Stoch are also in the oversold territory.

Trading recommendations:

The pair may correct upwards to 105.40. If it doesn’t go above this mark, it may fall down to 104.00.

GBPUSD

The pair receives support as the EU summit is expected to solve a number of Brexit problems. It’s safe to assume that if the summit’s outcome proves positive, while the Bank of England meeting hints at another interest rates increase, the pair will continue growing. However, unfavorable news would lead to a correction of the price.

The pair is above the middle border of Bollinger bands, above EMA 5 and EMA 13. RSI is in the overbought zone. Stoch are already there.

Trading recommendations:

If the price falls below 1.4150, it may go further down to 1.4065 in case of unfavorable news. On the other hand, positive news would push the pair upwards to 1.4265.

EURUSD

The pair is regaining its previous positions following this Tuesday’s drop, and now it’s swinging before the Fed’s monetary policy meeting. A local recovery is likely, but if the meeting’s results prove positive for the USD, the pair will be expected to weaken.

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 is growing. Stoch are leaving the oversold zone.

Trading recommendations:

The pair may return to the range of 1.2290–1.2300, but if the Fed’s meeting results in a more strict monetary policy, the price may fall down to 1.2200.

EURUSD

The pair is consolidating within the range of 1.2270–1.2380 after this Monday’s local growth following the deal between the UK and the EU on the terms for Brexit transition period. The pair is likely to remain within this range today.

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%. Stoch are entering the overbought territory.

Trading recommendations:

While remaining within the existing range, the pair may go down to 1.2270.

EURUSD

The pair sank below 1.2270 following the strengthening of the USD positions before the Fed’s monetary policy meeting, since the interest rates are expected to be raised 0.25%. The pair is likely to continue falling today.

The pair is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the oversold zone. Stoch are entering the oversold territory.

Trading recommendations:

The pair has the potential to go down before the Fed meeting if it doesn’t rise above 1.2270.

EURUSD

The pair went down to the lower edge of 1.2290–1.2425 range as the interest rates in the US are expected to be raised as per the results of the Fed meeting next week.

The price is below the middle line of the Bollinger bands, above EMA 5, but below EMA 13. RSI is reversing upwards. Stoch are reversing in the oversold zone.

Trading recommendations:

The pair is likely to remain today within the range of 1.2290–1.2425, but if it passes 1.2300, it may go further down to 1.2260.

EURUSD

The pair is consolidating within the range of 1.2290–1.2425 amid the looming government crisis in the US, while the Fed next meeting’s results are expected to be released next week.

The price is above the middle line of the borders of Bollinger bands, on the level of EMA 5 and EMA 13. RSI is flat. Stoch are growing.

Trading recommendations:

The price is expected to remain within the range of 1.2290–1.2425.

EURUSD

The pair is consolidating within the range of 1.2290–1.2425 as Mario Draghi is expected to deliver a speech, while the release of the US industrial inflation and retail data is also anticipated.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI is reversing downwards. Stoch are in the overbought zone.

Trading recommendations:

If the US data are strong, the pair may go down to 1.2290.