Analytic reviews

EURUSD

The pair is trading below 1.1665 mark as ADP Jobs Report and the results of today's the Fed meeting are expected to be released.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above 50% level and is moving downwards. Stoch are falling.

Trading recommendations:

If the pair falls below 1.1625 following the positive news from the US, the pair may go further down to 1.1550.

EURUSD

The pair is under pressure following the ECB's decision to abandon the stimulation measures gradually, while no definite deadlines for the program's termination have been announced. If today's data on the eurozone inflation turn out to be lower than predicted, the pair is likely to reenter the downtrend.

The pair is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% level and moves horizontally. Stoch have reversed downwards.

Trading recommendations:

The pair is highly likely to continue falling down to 1.1550 and then to 1.1475.

EURUSD

The pair is trading above 1.1600 mark. It's still under pressure following the results of the ECB meeting on monetary policy. The pair may correct upwards, but in all likelihood, it will continue falling.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is moving downwards and is in the oversold zone. Stoch demonstrate weakening growth.

Trading recommendations:

If the pair falls below 1.1685 mark, it's likely to go further down to 1.1550 and then to 1.1500.

EURUSD

The pair has dropped following the decision of ECB to slowly reduce the eurozone economy stimulation. The "pigeon" tone of Mario Draghi's speech also caused pressure on the single currency. We expect the pair to continue falling.

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

Trading recommendations:

The pair may correct to the resistance level of 1.1665, but we expect it to go further down to 1.1550-55.

AUDUSD

The pair is still under pressure following the drop of expectations regarding the Australian central bank raising the rates this year, as the consumer price index figures are weak and the USD's positions are getting stronger. We think that the pair is highly likely to continue falling.

The price is below the middle Bollinger band, on the level of SMA 5, but below SMA 14. RSI is in the oversold zone. Stoch have left the oversold zone.

Trading recommendations:

The pair is likely to correct to the resistance level of 0.7740, but we expect it to go further down to 0.7665, and then to 0.7600.

AUDUSD

The released consumer inflation data in Australia turned out to be worse than predicted. Even if the monthly indicators has grown less than 0.6% against the predicted 0.8% and the previous value of 0.2%, on annual scale the growth slowed down from 1.9% to 1.8%. This news are likely to restrain RBA from raising the rates in any foreseeable future.

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

Trading recommendations:

The pair is likely to correct to the support level of 0.7740, but we expect it to go further down to 0.7665, and possibly to 0.7600.

USDJPY

The pair went down to the support level on the Asian market, following a surge this Monday caused by the victory of the current Prime Minister Shinzō Abe's party in the election in Japan. The pair may receive an incentive for growth if the industrial inflation data in the US demonstrate positive dynamics.

The price is above the middle Bollinger band, but above SMA 5 and SMA 14. RSI is above 50% level and is reversing upwards. Stoch are also reversing upwards as they leave the oversold zone.

Trading recommendations:

If the pair remains above 113.25 mark, it's likely to go further up to 114.50-55.

USDJPY

The pair has significantly grown, following the election in Japan, which resulted in Shinzō Abe remaining on the post of Prime Minister. The market views this as a victory which indicates a likelihood of continuation of the soft monetary policy.

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

Trading recommendations:

If the pair remains above 113.60 mark, it's likely to continue further up to 114.50-55.

Author: Semyon Kamensky

GBPUSD

The pair remains under pressure following the decline in expectations of the Bank of England raising the rates at the bank's November meeting. Another negative factor is the uncertainty of the impact that Brexit is going to have on the economy.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is testing the edge of the oversold zone. Stoch entered the oversold zone.

Trading recommendations:

The pair is highly likely to go further down to 1.3000-1.3020.

Author: Semyon Kamensky

EURUSD

The pair is under pressure against the background of declining expectations of the ECB significantly changing their monetary policy.

The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is falling and is below 50% level. Stoch are indicating the weakening of growth.

Trading recommendations:

The pair is likely to continue falling further down to 1.1670.

Author: Semyon Kamensky