Analytic reviews

EURUSD

The pair is trading lower compared to last Friday's maximum levels amid the growing expectations that the resumed strong growth trend on employment market will provide support for the inflation after all and it will finally trigger the third interest rate raise this year by the Fed.

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

Trading recommendations:

If the price doesn't rise above 1.1800 level, there's a possibility of its falling again down to 1.1680.

GBPUSD

The pair dropped considerably following the outcome of the Bank of England meeting that didn't show any real intention on the regulator's side to raise the interest rates as had been promised earlier. The general tone of the central bank's resolution and the statements made by its head Mark Carney is riddled with various concerns about the ramifications of Brexit and the future state of British economy.

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

Trading recommendations:

The positive US employment data may lead to the price's local decrease down to 1.3090 and then to 1.3035.

GBPUSD

The pair is above 1.3195 support level as the results of the Bank of England interest rate meeting are expected to be released. We think that the rates are going to maintain the current level because the inflationary pressure is decreasing.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone and moves horizontally. Stoch are falling.

Trading recommendations:

If the pair drops below 1.3195 level after the United Kingdom central bank meeting results are revealed it may lead to its further falling down to 1.3150 or 1.3090.

EURUSD

The pair is above the support level of 1.1665. The market is expecting the release of preliminary data on the United States GDP for the second quarter. If the data at least lives up to the prediction of 2.6%, it may result in a local support for the USD.

The pair is above the middle Bollinger band, above SMA 4 and SMA 14. RIS is above 50% level and is rising. Stoch have reversed upwards.

Trading recommendations:

If the pair passes 1.1665 mark, it may lead to the pair's local correction down to 1.1595.

EURUSD

The pair is trading above 1.1725 level as the results of the Fed’s meeting trigger another period of weakness for the USD. The bank’s press release shows the regulator’s remaining concern about the low inflation, which jeopardizes the next, already a third one this year, raise of the interest rates.

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

Trading recommendations:

If the pair passes 1.1725 mark, its local correction down to 1.1665 is possible, but it’s most likely that it will continue to consolidate in the short term.

EURUSD

The pair is trading above 1.1620 level as the results of the Fed’s monetary policy meeting are expected to be positive for the US dollar. If the Federal Reserve signals that the balance reduction is to start as early as September, it may lead to the beginning of closure of long positions and global correction.

The price is above the middle Bollinger band, at the level of SMA 5, but below SMA 14. RSI is testing 50% mark. Stoch entered the oversold zone.

Trading recommendations:

If the pair passes 1.1625 mark, it’s possible that it’s going to drop down to 1.1550-55.

EURUSD

The pair is trading higher than 1.1650 level and is aiming at the local maximum of August 2015 (1.1712). It will probably reach it in the near future, but a correction is also possible, due to the strong overbought status of Euro against the US Dollar.  

The price is higher than the middle Bollinger band, higher than SМА 5 and SMA 14. RSI resides in the overbought zone and moving horizontally. Stoch are non-informative.

 
Trading recommendations:
If the pair falls lower than the support level of 1.1650, there is a possibility of its local fall to 1.1595, which will equal 23% Fibonacci retracement.

EURUSD

The pair is trading higher than the 1.1575 level amid the market's expectations that the ECB will start changing the economic policy this fall. The pair may continue rising, reaching its maximum level of May 2015, which is 1.1700, but before that, it may correct amid being strongly locally overbought. 

The price is higher than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides in the overbought zone and moving horizontally. Stoch also reside in the zone. 
 
Trading recommendations: 
If the pair breaches the support level of 1.1575, there is a possibility it will continue down to 1.1530.

EURUSD

The pair is consolidating prior to the release of the ECB meeting results. It can be assumed that if the ECB statement doesn't mention a definite plan to cut the stimulus measures next year and if it becomes clear that they don't plan on gradually increasing the interest rates, the pair will continue falling amid disappointment. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA14. RSI resides above the 50% level and falling. Stoch reside above the oversold zone.

 
Trading recommendations:
If the pair breaches the support level of 1.1490, there is a possibility that it will continue falling to 1.1380 and possibly even to 1.1315.

GBPUSD

The pair is consolidating above the 1.3025 level after the recent fall, that followed the release of a worse-that-expected data on consumer inflation in Britain. At the moment the pair may rise or fall amid the overall uncertainty prior the Bank of England meeting, which is scheduled for the next week.

The price is lower than the middle Bollinger band, at the SMA 5 level, but lower than SMA14. RSI resides above the 50% level and moving horizontally. Stoch are also rising.

 
Trading recommendations:

If the pair braches the 1.3025 support level, there is a possibility that it continues falling to 1.2970. But at the same time, there is a possibility of continuation of the local rise to 1.3100-10 prior to the Bank of England meeting.