Analytic reviews

EURUSD

The pair is falling as the eurozone consumer inflation data is expected to be released today. It's safe to assume that if the data doesn't get stronger, the pair will continue falling.

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

Trading recommendations:

There's a risk of the pair going further down to 1.1670, if the consumer inflation data is disappointing.

Author: Semyon Kamensky

EURUSD

The pair has dropped below 1.1800 mark as the ECB is expected to drastically change its attitude towards economic stimulus measures. The decline of euro was caused by Mario Draghi's speech last Friday, when he indicated that the eurozone's economy was in need of stimulation.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is declining and is below 50% level. Stoch are entering the oversold zone.

Trading recommendations:

If the pair falls below 1.1800 mark, it's likely to go further down to 1.1685.

Author: Semyon Kamensky

EURUSD

The pair is above 1.1820 mark and may resume its local decline if today's consumer inflation data turns out to be better than predicted, as was the case with yesterday's release of industrial inflation data.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the overbought zone. Stoch have reversed upwards.

Trading recommendations:

If the US data turns out to be strong, the pair will drop. After passing 1.1820 level it's likely to go further down to 1.1720.

Author: Semyon Kamensky

EURUSD

The pair's current growth is driven by two factors. The first is the USD sell-off, which is caused by the market's uncertainty on whether the inflation data will display growth. The second is the investors' hopes of the ECB canceling the economic stimulus measures for the eurozone as early as the next year, after reducing the asset purchase volumes as a part of its QE policy, as was hinted at in the bank's representatives' speeches.

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

Trading recommendations:

If the industrial inflation data turns out to be positive, the pair may locally reverse down to 1.1800, but if they are weaker than expected, the price will go further up to 1.1925.

Author: Semyon Kamensky

GBPUSD

The pair has recovered as the USD is weakened because of profit taking before this Friday's release of important consumer inflation data in the US. Technically, the pair corrected quite well after the drop and may resume falling if the US data doesn't disappoint.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI's growth has slowed down. Stoch are reversing downwards.

Trading recommendations:

If the pair remains below 1.3200, we recommend selling it with a possible target of 1.3020 and a possibility of growing further down to 1.2935.

Author: Semyon Kamensky

GBPUSD

The pair is recovering and correcting before the release of important inflation data in the US in the end of this week. If the consumer inflation and industrial inflation figures don't disappoint, and retail sales figures grow, the price is likely to start falling again.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is on the level of 50%. Stoch are reversing upwards.

Trading recommendations:

The pair should be sold at its local growth from 1.3200 with a possible target of 1.2935.

Author: Semyon Kamensky

GBPUSD

The pair remains in the short-term downtrend because of the drop in expectations of the Bank of England raising the interest rates, and also the threat of a government crisis in the UK following the unclear prospects in the aftermath of Brexit.

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

Trading recommendations:

The pair may continue falling after the rebound to 1.3155 as it's locally technically oversold. But if it remains on this level, the price is likely to go further down to 1.2935.

Author: Semyon Kamensky

EURUSD

The pair has passed 1.1745 support level following the release of the minutes of the ECB September meeting, which demonstrated the bank's attitude on the reduction of stimulating measures, that is, doing it slowly and cautiously.

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

Trading recommendations:

The pair will continue falling if today's numbers of new workplaces in non-agricultural sector of American economy turn out to be higher than predicted. Because of this, the pair may go further down to 1.1600.

Author: Semyon Kamensky

EURUSD

The pair is consolidating in a very narrow range as it's still unclear who will be appointed as the chair of the Federal Reserve by Donald Trump and will the ECB continue to stimulate the economy next year. The situation on Catalonia, which is determined to secede from Spain after all, also remains a negative factor for the euro.

The price is above the middle Bollinger band, above SМА 5 and SMA 14. RSI is moving horizontally. Stoch are trying to move up.

Trading recommendations:

The pair is apparently going to remain in the range of 1.1715-1.1825 until the United States employment data is released this Friday. However, in general, we still think that the pair has the potential to go down to 1.1655.

Author: Semyon Kamensky

EURUSD

The pair is trading above 1.1715 level. It is expected that if the ADP data on the number of new work places will turn out to be higher than the predicted 125 000, the pair will keep falling.

The price is below the middle Bollinger band, below SМА 5, but above SMA 14. RSI is below 50% level and is reversing downwards. Stoch are also reversing downwards.

Trading recommendations:

The pair may go down to 1.1715. The breakout of this level will lead to the pair falling further down to 1.1620.

Author: Semyon Kamensky