Analytic reviews

USDCAD

The pair is no longer in a downtrend as the crude oil prices are stabilized at a local maximum. If the oil quotes will start correcting downwards (which is likely), the pair will also maintain the uptrend.

The price is below the middle Bollinger band, above SМА, but below SMA 14. RSI is going up, as are Stoch.

Trading recommendations:

If the price passes 1.2600 level as the oil prices undergo correction, the pair may rise up to 1.2680.

USDJPY

The pair has resumed its fall amid the weakness of the US Dollar. Japanese Yen is rising thanks to the positive data on the Japanese economy and the content of the last week's Fed meeting minutes, which signaled the increased concerns regarding the weak inflation. 

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is falling. Stoch reside in the oversold zone.
 
Trading recommendations:
The pair has breached the 109.45 level and dashed downward. Sell it, considering a possible fall to 108.70.

EURUSD

The pair remains in the consolidation period with a slight move downwards. The market is lowering its expectations regarding the cut of stimulus measures by ECB in 2018. If today's Eurozone CPI data still shows stability or decline, the pair's fall may be expected. 

The price is lower than the middle Bollinger band, but still higher than SMA 5 and SMA 14. RSI is turning downwards, crossing the 50% level. Stoch are also reversing inside the overbought zone.

 
Trading recommendations:
Sell the pair if the data is negative, considering a possible fall to 1.1685 level or may be even 1.1600 if the level is breached.

GBPUSD

The pair is trading under the 1.2840 level while waiting for the release of the last Fed monetary policy meeting minutes. If it shows the bank's concerns regarding the low inflation, a local weakening of the US Dollar may be expected. At the same time, a positive content may support USD. 

The price is lower than the middle Bollinger band, higher than SMA 5, but lower than SMA 14. RSI resides in the oversold zone. Stoch are leaving it.

 
Trading recommendations:
Sell the pair once the 1.2840 level is breached, considering a possible fall to 1.2715. If the minutes are rather pessimistic — buy, considering a possible rise to 1.2950.

EURUSD

The pair continues to fall amid the weak 2nd quarter GDP data from Germany, which may decrease the probability of the reduction in ECB stimulus measures next year. Positive US retail sales data also may pressure the prices. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI is falling. Stoch are entering the oversold zone.

 
Trading recommendations:
Sell the pair once the 1.1720 level is breached, considering a possible fall to 1.1600.

EURUSD

It is most likely that the pair will keep trading flat amid the factors that restrain both the pair's growth and fall. The pair doesn't grow as the market has doubts that the ECB will undertake any radical actions to eradicate the stimuli. At the same time, the current weakness of the US Dollar and tensions between the US and North Korea don't let the pair fall.

The price is higher then the middle Bollinger band, higher than SMA 5 and SMA14. RSI is rising. Stoch are trying to turn downwards. 

Trading recommendations:

Sell the pair once the 1.1800 level is breached, considering its possible fall to 1.1720. 

EURUSD

The pair remains in the short term downtrend as the fresh data on the US consumer inflation is expected to be released today. If the inflation figures turn out to be at least on the predicted level or even higher, the pair will continue dropping.

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

Trading recommendations:

Sell the pair at the breakout of 1.1720 level as it's likely to fall down to 1.600-05.

EURUSD

The pair is still in the short term downtrend as the positive inflation data is expected to be released in the US. Today the industrial inflation figures are in the market's spotlight, if they turn out to be at least on the predicted level, or even grow further up, the pair will resume falling.

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

Trading recommendations:

Sell the pair at the breakout of 1.1720 level as it's likely to go down to 1.1600-05.

GBPUSD

The pair is in a short term downtrend as the positive inflation data is expected to be released in the US. It's likely to continue downwards.

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

Trading recommendations:

If the price doesn't rise above 1.3020 level, it may continue falling down to 1.2950 and then to 1.2840.

GBPUSD

The pair is trading above 1.3020 level. The pair is under pressure against the backdrop of the falling expectations of the Bank of England raising the interest rates this year, and also of the possibly positive data on the US inflation that is to be released towards the end of the week.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above 50% and is reversing downwards. Stoch show the weakening growth.

Trading recommendations:

If the pair falls below 1.3020 level, it may resume its falling down to 1.2990 and then to 1.2950.