Analytic reviews

GBPUSD

The pair is consolidating lower than the 1.3110 level amid the overall weakness of the US dollar and while expecting the results of the Bank of England monetary policy meeting that will be held later in July. The fact that the market is expecting that the Bank will rise the interest rates in the near future serves as an additional point of support for the pair.

The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides in the overbought zone and continues rising. Stoch are also rising.

 
Trading recommendations:
If the pair breaches the support level of 1.3110, there is a possibility that it continues to rise, reaching 1.3280.

EURUSD

The pair is consolidating above 1.1400 mark as the United States dollar remains weakened and the result of this July’s ECB monetary policy meeting is still expected to be revealed.
The pair doesn’t have its own growth stimuli, that’s why it’s unlikely that it will show any significant growth only because of the weak USD.

The price is above the middle Bollinger band, below SМА 5, but above SMA 14. RSI is under the overbought zone has reversed downwards. Stoch leave the overbought zone.

Trading recommendations:

The pair may correct to the lower border of the rising flag pattern. But if it passes 1.1410 mark, it may drop down to 1.1380 or even to 1.1315.

EURUSD

The pair is trading above 1.1385 as the data on the United States consumer inflation and retail sales is expected to be released.

Euro evidently lacks its own growth stimuli, and it’s not able anymore to grow entirely at the expense of the US dollar’s weakness. That’s why if today’s USA data turns out to be strong, the pair will be put under pressure.

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

Trading recommendations:

Wait for the consumer inflation and retail sales data to be released in the USD. If the figures are strong, expect the price to drop down to 1.1386, and after that mark is passed, probably down to 1.1315.

EURUSD

The pair is trading above 1.1440 mark as general attitude towards the USD shifts unfavorably after the Fed Chair Janet Yellen’s speech in Congress yesterday. If today the data on industrial inflation doesn’t demonstrate better values, the pair may resume its growth.

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

Trading recommendations:

Wait the US inflation data to be released. As the negative climate persists, the pair may rise up to 1.1500-30, but if the inflation data turns out to be above the predicted values, its local falling down to 1.1385 is likely, and after that mark is passed, probably even down to 1.1315.

EURUSD

On Tuesday the pair reached its May 2016 level and upon the opening of trades in Europe today, it started correcting while waiting for the Yellen's speech, which will include the bank's report on the monetary policy. 

The price is higher than the middle Bollinger band, lower than SMA 5, but higher than SMA14. RSI is leaving the overbought zone. Stoch are turning downwards and signal to sell.

Trading recommendations:

Wait for the Yellen's speech. If its content is positive, then sell the pair considering its possible fall to 1.1385 or even to 1.1315. But if it turns out that the bank has clear doubts that the interest rate should be elevated, the pair may rise up to 1.1500-30.

EURUSD

The pair has fallen below the important support level 1.1390 amid the strengthening of the US dollar, that happened prior to the Yellen's speech on Wednesday and Thursday where the monetary policy topic came into focus. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI is falling and crossing the 50% level. Stoch are turning downwards.

Trading recommendations:
Sell the pair, considering its possible fall to 1.1320 and even to 1.1295.

EURUSD

The pair is still consolidating at the previously reached maximums amid the expectations that the ECB changes its course. It is assumed that reduction of stimulus measures in early 2018 will be announced this fall after the German federal elections take place. These expectations are the reason for the "strength" of the Euro at the moment. 

The price is higher than the middle Bollinger band, lower than SMA 5 and at the SMA 14 level. RSI is falling. Stoch are turning upwards. 

Trading recommendations:
If the price falls lower than the 1.1390 level, there is a possibility of a local fall to 1.1320.

EURUSD

The pair has risen amid the weak ADP data. It has also received support from the head of Bundesbank Jens Weidmann, who made it clear that EU economic recovery demands a gradual tightening of the monetary policy. 

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA 14. RSI is lower than the overbought zone and moving horizontally. Stoch are turning downwards, residing in the zone. 

Trading recommendations:
The price may fall to 1.1320 if the non-form payroll data is positive. Otherwise, it may rise up to  1.1460.

EURUSD

The pair remains in the short term downside trend. The positive ADP Nonfarm Employment data, which is to be released today, will most probably push the pair down.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides lower than 50% level and moving horizontally. Stoch are turning downwards. 

Trading recommendations:
The pair may reach 1.1280 level amid positive data. 

GBPUSD

The pair has breached 1.2910 level, which enables its further decline as the positive data on the US employment is expected to be revealed and the Fed’s June meeting minutes, which are to be released today, are expected to be favorable for the USD.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI passes 50% mark and is falling. Stoch are reversing downwards.

Trading recommendations:

If the price drops below 1.2900 level, it’s likely to go further down to 1.2800 in the nearest future.