Analytic reviews

GBPUSD

The pair consolidates below 1.3300 level as the new data on British economy is expected to be released. It's safe to assume that if ISM Services Index in the United Kingdom falls below 53.2 points, the GBP will come under pressure. If the employment data in private sector from ADP turns out to be higher than the predicted fugues (125 000), the pair may be triggered to fall.

The price is below the middle Bollinger band, above SМА 5, but still below SMA 14. RSI tries to grow. Stoch are also displaying growth.

Trading recommendations:

The pair may go up to 1.3300. If it remains on this level and the data from USA turns out to be strong, it's likely that the price will go down to 1.3155.

Author: Semyon Kamensky

EURUSD

The events in Catalonia are having a negative impact on the European currency. It's safe to assume that if the political tensity escalates euro will remain under pressure.

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

Trading recommendations:

The pair has dropped below its previous minimum point of 1.1715, which will lead to its going down to 1.1655 and then possibly to 1.1600.

Author: Semyon Kamensky.

EURUSD

The pair is trading above 1.1715 level. It's likely to correct upwards as the results of the US Congress vote on tax reform that's proposed by Donald Trump and the Republican party are yet to become known.

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

Trading recommendations:

The pair may correct to 1.1825 level, but we think it necessary to sell it from this mark with a possible target of 1.1620.

Author: Semyon Kamensky

EURUSD

The pair is trading above 1.1715 level. Among the negative factors for the pair are the uncertainty of political and economic policy lines after the Bundestag election in Germany, and also a significant strengthening of the US dollar positions after the Fed meeting this month.

The price is below the middle Bollinger band, above SMA 5 but below SMA 14. RSI is leaving the oversold zone. Stoch don't show any distinct dynamics.

Trading recommendations:

In case of a breakout of 1.1715 level, the pair is likely to go further down to 1.1620.

Author: Semyon Kamensky

EURUSD

The pair is testing 1.1755 mark as the euro is weakened due to political reasons emerged after the election in Germany. Another factor is the likelihood of ECB deciding not to change their monetary policy.

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

Trading recommendations:

In case of a breakout of 1.1755 mark, the pair is likely to go further down to 1.1660.

EURUSD

The pair dropped below the support level of 1.1870 following Mario Draghi's yesterday statement that European economy still needs significant stimulation.

The price is below the middle Bollinger band, on the level of SMA 5, but below SMA 14. RSI is above the oversold zone. Stoch are leaving the oversold territory.

Trading recommendations:

If the pair keeps below the level of 1.1870, it's likely to go further down to 1.1745.

EURGBP

The pair may continue falling, in reaction to the election results in Germany, where the victory of A. Merkel has been expected, as the market still doubts that ECB will radically change its course regarding the support of the Eurozone economy.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and falling. Stoch are entering the oversold zone.

 
Trading recommendations:
Sell the pair once the 0.8770 level is breached, considering its possible fall to 0.8650-55.

USDJPY

The pair reversed downwards and corrects after a significant growth. This behavior is caused by the new turn of U.S. and North Korea tense relationship. It also leads to the growing demand for protective assets. The increasing international tension may trigger the price to continue its local decline.

The price is below the middle Bollinger band, below SМА 5 and SMA 14. RSI is above 50% level and its decline weakens. Stoch are falling.

Trading recommendations:

The pair may go down to 111.35 and then likely to 110.65 as the international situation grows tense.

EURUSD

The pair still remains within the range as the results of the Fed monetary policy meeting are expected to be released. The interest rates raise is not expected, however, the decision to start the balance sheet reduction may be announced, which can provide a local support for the USD.

The price is above the middle Bollinger band, above SМА 5 and SMA 14. RSI has stopped growing. Stoch do not provide any meaningful insight.

Trading recommendations:

If the price falls below 1.1985 level amid the Fed meeting results and Janet Yellen speech, the pair is likely to go further down to the lower end of the range at 1.1840.

EURUSD

The pair is still trading in the existing range as the results of the Fed's monetary policy meeting are expected to be released this Wednesday. It's likely that the range of 1.1835-1.2070 will remain the same until the Chancellor of Germany election this weekend.

The price is on the level of the upper Bollinger band, above SMA 5 and SMA 14. RSI is growing, Stoch are entering the overbought zone.

Trading recommendations:

We expect the existing range to remain the same and think that it's necessary to sell the pair at its growth with the target of 1.1835.