Analytic reviews

EURUSD

The pair is under pressure as the ECB meeting minutes are expecting to be released, while the Fed’s meeting indicated the regulator’s intention to keep raising the rates and increase the number of raises if the inflation continues to grow.

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 moving down.

Trading recommendations:

The pair may continue falling down to 1.2200 if the ECB meeting minutes indicate the bank’s concern over the decreased inflation pressure.

EURUSD

The pair is under pressure as the Fed’s meeting minutes are expecting to be released and the market players doubt that the ECB is going to abandon the economic stimulus measures this September.

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 reversing downwards.

Trading recommendations:

If the pair goes below 1.2320, it may go further down to 1.2200.

EURUSD

The pair is under pressure as the market players fear that ECB doesn’t abandon the economic stimulus measures this September because of the low inflation.

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 reversing downwards.

Trading recommendations:

The pair is below 1.2400, which means the likelihood of a local fall down to 1.2335.

EURUSD

Last Friday the pair sank against the backdrop of profit taking and today may remain within the existing range while the important economic data in the eurozone is expected to be released later this week.

The price is below the middle line of the borders of Bolinger bands, below EMA 5 and EMA 13. RSI is passing the level of 50% but is still moving horizontally. Stochastic oscillators are in the oversold zone.

Trading recommendations:

The pair may remain in the range of 1.2410–1.2515, but if it goes below 1.2400, there’s a possibility of a local fall down to 1.2335.

EURUSD

The pair is growing as the US Congress passed 300 billion dollars increase in the federal deficit, which resulted in yet another weakening of the USD.

The price is at the upper line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is in the overbought zone. Stochastic oscillators are entering the overbought territory.

Trading recommendations:

The pair may correct to 1.2515. If it remains above this mark, it may continue to grow up to 1.2600–10.

EURUSD

The pair is trading above the level of 1.2450 against the background of the USD sell-off and a high degree of uncertainty on the markets as the US government bonds profitability is growing.

The price is at the upper line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is on the overbought level. Stochastic oscillators are in the overbought zone.

Trading recommendations:

If the pair goes below the mark of 1.2450, it’s likely to fall further down to 1.2360.

EURUSD

The pair is trading above the level of 1.2280 as the investors lose interest in the USD prior to this Wednesday’s release of the consumer inflation data in the US. There’s a possibility of a local growth for the pair.

The pair is on the upper line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is crossing the level of 50%. Stochastic oscillators are entering the overbought zone.

Trading recommendations:

The pair may go up to 1.2360.

EURUSD

The pair is consolidating below the level of 1.2295–1.2300 as the economic statistics data from the US and the eurozone is expected to be released soon. The direction that the US stock market trading takes will also influence today’s tendencies on the markets.

The price is below the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is below the level of 50% and is reversing downwards. Stochastic oscillators are indicating a weakening of growth.

Trading recommendations:

If the pair doesn’t go above the level of 1.2295, it may fall down to 1.2160–65.

USDCAD

The pair is trading above the mark of 1.2575 amid low crude oil prices and general investors’ withdrawal from the market.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is below the overbought zone and is moving horizontally. Stochastic oscillators are not informative.

Trading recommendations:

If the pair doesn’t go below 1.2575, it may experience a local growth up to 1.2665.

GBPUSD

The pair may come under pressure today if the Bank of England meeting results don’t indicate its intention of raising the interest rates in the foreseeable future.

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% is mildly growing. Stochastic oscillators are trying to reverse upwards.

Trading recommendations:

If the pair doesn’t go above the mark of 1.3920, it may fall down to 1.3750.