Analytic reviews

EURUSD

The pair is consolidating after it experienced a decline on Thursday following the ECB meeting results and the release of positive retail data in the US. It’s likely to remain today within the range of 1.1769–1.1840, but it also may lower.

The price is above the upper Bollinger band, but SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are entering the oversold territory.

Trading recommendations:

The pair is highly likely to continue trading flat, but if it passes the level of 1.1760, it may go down to 1.1715.

EURUSD

Yesterday the pair spiked as the results of the Fed’s monetary policy meeting are expected to be quite predictable. If today’s ECB meeting doesn’t bring anything new, the pair is expected to reverse downwards.

The price is below the upper Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone and is reversing downwards. Stoch have already entered the overbought territory and indicate a weakening of growth,

Trading recommendations:

Following the results of the ECB meeting, the pair may fall down to 1.1775.

EURUSD

The pair is still under pressure as the interest rates are expected to be raised at the Fed meeting the results of which are to be released today. If the news from the Fed and consumer inflation figures which are also to be released today are positive, the US dollar’s positions are likely to strengthen.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is moving upwards. Stoch are leaving the oversold zone.

Trading recommendations:

If the news form the US are positive and the price passes the level of 1.1720, the pair is likely to go down to 1.1700 and then to 1.1665.

EURUSD

The pair is still under pressure as the interest rates raise is expected to be announced by the Fed tomorrow following the two-day meeting. Another factor is that the ECB isn’t announcing a plan to change its monetary policy in any foreseeable future.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are entering the oversold territory.

Trading recommendations:

The pair is highly likely to consolidate within the range of 1.1730–1.1810 as the results of the Fed’s meeting are expected to bring it down locally to 1.1700.

EURUSD

The pair is still under pressure as the Fed is expected to raise the rates, while the ECB doesn’t announce a change in its monetary policy. The price may resume its growth after a small correction upwards.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are entering the overbought zone.

Trading recommendations:

If the pair doesn’t rise go above the mark of 1.1785, it’s possible to resume its falling down to 1.1700.

EURUSD

The pair is under pressure as the positive attitude towards the USD strengthens among the investors. The US employment data is to be released today and is expected to be strong, which should support the USD on the currency markets.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are entering the oversold territory.

Trading recommendations:

The price is expected to fall down to 1.1720 and then, probably, to 1.1700.

EURUSD

The pair is in a downtrend following the release of the strong ADP data and the expectations of the interest rates raise by the Fed next week.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is falling. Stoch don't show any distinct dynamics.

Trading recommendations:

The pair is trading below the level of 1.1800, it may lead to its falling down to 1.1720.a

EURUSD

The pair is consolidating amid expectations of passing of the tax reform bill in the US. Weak retail data in the eurozone this Tuesday put the pair under pressure, which may lead to its local fall, as the USD positions are getting stronger in general.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the level of 50% and is rising. Stoch have reversed upwards.

Trading recommendations:

If the price doesn’t rise above the level of 1.1840, there’s a high probability of its local fall down to 1.1770 and then to 1.1720.

GBPUSD

The pair is falling after the significant growth caused by the expectations of Britain settling on the price of Brexit in the nearest future. But presently there is no news on the subject, which is putting the pair under pressure.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50% and is moving down. Stoch are also going down.

Trading recommendations:

If the price passes the mark of 1.3445, it’s highly likely to continue its local decline down to 1.3370.

USDJPY

The pair is consolidating below 112.65 mark, it’s supported by the expectations of the passing of the tax reform in the US. But the growth may prove limited yet, if the reform isn’t passed.

The pair is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the overbought zone. Stoch are in the overbought territory.

Trading recommendations:

If the price passes 112.65 mark, it’s highly likely to continue going up to 113.25. But in order for that to happen there should be an optimistic piece of news, e.g. the US Senate passing the tax reform.