Analytic reviews

EURUSD

The pair has breached the upper end the price range of 1.2165–1.2300 against the background of the positive economic data from the eurozone and Germany and following the announcement of Jerome Powell being appointed as the Chair of the Fed by the US Senate.

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

Trading recommendations:

If the pair remains above the mark if 1.2300, it may continue growing up to 1.2400. However, if the pair goes below this mark, it may correct downwards to 1.2165.

GBPUSD

The pair is in a short-term uptrend as the Brexit negotiations are expected to end soon and the Bank of England will have to keep raising the interest rates.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is reversing downwards in the overbought zone. Stochastic oscillators are also indicating the likelihood of the pair turning downwards.

Trading recommendations:

The pair is expected to continue growing up to 1.4050, not before correcting down to 1.3920.

USDJPY

The pair is within the range of 110.30–111.45. The market players are waiting for the Bank of Japan to reveal the results of their monetary policy meeting this Tuesday. The pair is likely to remain in its current state until this event.

The price is below the middle line of the borders of Bollinger bands, above EMA5, but below EMA 13. RSI is below the level of 50% and is growing. Stochastic oscillators are also moving up.

Trading recommendations:

The pair is expected to remain within the range of 110.30–111.45 today. However, the pair may resume growth if the meeting results show that the bank will not be in haste to stop the economic stimulus policy.

EURUSD

The pair is within the range of 1.2165–1.2300. The market players are waiting for the results of the ECB meeting next week. The current state of affairs is likely to last until this event.

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 slowly growing. Stochastic oscillators are also going up.

Trading recommendations:

The pair is expected to remain today within the range of 1.2165–1.2300.

EURUSD

The pair is trading at the support level of 1.2200. The market is taking a break while waiting for the new economic statistics data. The consolidation is likely to last until the end of the current week, but at the same time, the pair may also decrease.

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 50%. Stochastic oscillators are moving down.

Trading recommendations:

If the pair doesn’t gain a foothold above the level of 1.2200, it’s likely to go down to 1.2115 or even further down to 1.2100.

EURUSD

The pair is trading above the support level of 1.2200, but if today’s consumer inflation data in the eurozone turn out to be weak, the price may fall.

The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI has left the overbought zone. Stochastic oscillators are trying to reverse downwards.

Trading recommendations:

The price is likely to fall to 1.2200 and then likely further down to 1.2115.

EURUSD

The pair is trading at the new local maximum point as the ECB is expected to abandon the economic stimulus policy this year. However, the pair is strongly technically overbought, which may result in a decline if today’s consumer inflation data in Germany doesn’t display any positive tendency.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI is in the overbought zone. Stochastic oscillators are leaving the overbought territory.

Trading recommendations:

It’s possible that the pair falls down to 1.2200 or even further down to 1.2185.

EURUSD

The pair is trading above the mark of 1.2200 as the US dollar weakens, while the ECB is expected to stop the stimulation of economy this year.

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

Trading recommendations:

If the price remains above the level of 1.2185, it’s likely to continue to go upwards to 1.2300 after a moderate correction.

EURUSD

The pair is trading within the range of 1.915–1.2075, closer to its upper edge following the release of the weak industrial inflation data in the US this Thursday. If today’s figures on the consumer inflation turn out to be weaker than predicted, the pair is likely to go further up, but in the opposite case, the price is likely to go down to the lower edge of the current range.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI grows smoothly. Stochastic oscillators are entering the overbought territory.

Trading recommendations:

If the pair breaks out the level of 1.2035 because of the negative outlook, the price may go up to 1.2120. At the same time, in case of positive news, the pair may go down to 1.1915 and then further down to 1.2035.

USDJPY

The pair is still under pressure following the news that the Bank of Japan is to reduce the government bonds purchases by 5% in 10 and 25 years, which is perceived by the market as a possible start of the monetary policy change.

The price is below the middle line of the borders of Bollinger bands, above EMA 5, but below EMA 13. RSI is leaving the oversold zone. Stochastic oscillators are doing the same.

Trading recommendations:

The pair may correct to the mark of 112.00, but if it doesn’t pass it, it’s likely to continue falling down to 110.85.