Analytic reviews

EURUSD

The pair has fallen down to the lower edge of 1.2360–12500 range. The lowering may resume in case of a sell-off of risk assets on the markets.

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 moving horizontally. Stochastic oscillators are going up.

Trading recommendations:

If the pair goes below 1.2360, it’s likely to go further down to 1.2285.

EURUSD

The pair has sunk to the lower edge of 1.2360–1.2500 range. However, the pair may go up yet once again, as the positive climate is likely to restore on the market of shares and other risk assets.

The price is below the middle line of the borders of Bollinger bands, on the level of EMA 5, but below EMA 13. RSI is below the level of 50% and is reversing downwards. Stochastic oscillators are leaving the oversold zone.

Trading recommendations:

If the pair remains above the level of 1.2360, there’s a possibility of a local growth up to 1.2500–10.

USDJPY

The pair corrected downwards a little after last Friday’s growth against the background of strong data on US economy. The pair holds the potential to continue its local growth since the Bank of Japan is now less expected to alter its monetary policy line this year. At the same time, the Fed is expected to raise the interest rates this year.

The pair is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is below the overbought zone. Stoch are moving down.

Trading recommendations:

If the pair goes above the mark of 110.30, there’s a chance of a local growth up to 111.00.

EURUSD

The has risen to the upper border of the range of 1.2360–1.2500. It may reverse downwards against the background of the positive news from the US employment market.

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 smoothly moving down. Stochastic oscillators are in the overbought zone and are reversing downwards.

Trading recommendations:

The pair may go down to 1.2360 against the backdrop of the positive news from the US.

EURUSD

The pair is trading within the range of 1.2360–1.2500. It’s likely to remain there until the release of the employment data in the US.

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

Trading recommendations:

The pair is most likely to consolidate within the said range today.

EURUSD

The pair is trading within the range if 1.2360–1.2500 as the new consumer inflation data in the eurozone and the results of the Fed’s meeting are expected to be revealed. If the consumer inflation figures prove to be negative, while the Fed chooses the hawkish tone, the pair will be expected to experience a local decline.

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 moving horizontally. Stochastic oscillators are not informative.

Trading recommendations:

Negative news from the eurozone may lead to the price falling below the mark of 1.2360 and further down to 1.2215, the results of the Fed’s meeting may further the decline.

EURUSD

The pair is trading below the mark of 1.2385 as the release of the important economic statistics data in Germany and the eurozone is expected, as well as the upcoming Donald Trump’s speech in the US.

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 indicate a pause in growth.

Trading recommendations:

If the price doesn’t go above the level of 1.2385, it’s likely to continue falling down to 1.2290.

EURUSD

The pair is trading above the mark of 1.2380, as the new economic statistics data on consumer inflation in the US is expected to be released.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is moving down. Stochastic oscillators indicate a pause in decline.

Trading recommendations:

If the pair goes below the mark of 1.2380, there’s a possibility of a local falling down to 1.2295.

EURUSD

The pair corrected after the abrupt growth following the results of the ECB meeting, but it’s hard to say whether this correction will continue. Technically, the pair may attempt going up once before resuming correction.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI isn’t informative. Stochastic oscillators are moving down.

Trading recommendations:

If the pair remains above the mark of 1.2385, a local growth up to 1.2500 is possible.

EURUSD

The pair remains in a short-term uptrend as the USD is weakened and the ECB is still expected to stop the economic stimulus measures this year and to start raising the interest rates in the next year.

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

Trading recommendations:

If the pair remains above the mark of 1.2400 following the reveal of the ECB meeting results, the price is expected to continue going up to 1.2500, but if it drops below this mark, it may then correct to 1.2300–20.