Analytic reviews

EURUSD

The pair resides lower than the 1.1355 level. Most probably its corrective fall will continue amid the thin market situation due to the Independence day in the United States. 

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

Trading recommendations:
If the price stays below the 1.1350 level, there is a possibility it will go down to 1.1280 as soon as today.

EURUSD

The pair is trading higher than 1.1390 level, breaching of which amid the positive economic statistics from the US may lead to the beginning of a more serious corrective price fall. 

The price is higher than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the overbought zone and falling. Stoch reside on the 50% level and signal to sell.

 
Trading recommendations:
If the pair falls lower than 1.1390 level, there is a possibility of it falling to 1.1350 amid correction.

GBPUSD

The pair is trading above 1.3000 level as the Bank of England is expected to raise interest rates. However, the pair has grown considerably and now may correct not only because it’s strongly overbought, but also under the influence of USD growth, as it’s receiving support from the release of final positive data on American GDP for the first quarter. 

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in overbought zone and is moving downwards. Stoch are also in overbought zone and their crossing prompts to sell.

Trading recommendations:

If the pair drops below 1.3000 level, it’s likely to correct downwards to 1.2955 or even to 1.2900-10.

GBPUSD

The pair is trading lower than 1.2965 level amid the strong expectations regarding the interest rate increase by the Bank of England, which was confirmed on Wednesday by M. Carney. However, the pair has grown significantly and may correct downwards before continuing the probable growth. 

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

 
Trading recommendations:
If the pair falls lower than 1.2915, there is a chance it will correct downwards to 1.2875.

EURUSD

The pair is traded below 1,1350 level. If this level is breached, the pair is likely to experience a local price growth as the investors expect the ECB to wrap up the stimulating measures as soon as early next year. 

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

Trading recommendations:

The pair stands a good chance of rising further up to 1.1425. However we still think that when the pair continues to rise up from that level, it’s a good time to sell. The selling will likely to be driven by the statistics showing yet another inflation drop in Eurozone. 

USDJPY

The pair is traded above 111.75 level. It will have a positive effect on the United States dollar if Janet Yellen’s upcoming speech confirms the Fed’s intention to continue raising interest rates, and normalize its monetary policy.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above 50% level and is going down. Stoch have reversed downwards, leaving the oversold zone.

Trading recommendations:

If the pair manages to keep above 111.75 level, it is likely to keep rising further up to 113.00 against the backdrop of Janet Yellen’s speech.

EURUSD

The pair is trading within the 1.1140-1.1210 range, where it will probably stay until the publication of the consumer inflation data later this week. The pair continues to receive support from the market's hopes that the ECB will announce a reduction of the stimulus measures this fall and that the Fed. may skip on raising the interest rate this year. 

The price is higher than the middle Bollinger band, lower than SMA 5, but higher than SMA14. RSI resides above the 50% level and falling. Stoch have turned downwards.

 
 
Trading recommendations:

Today the pair will probably keep trading within the narrow range 1.1140-1.1210. However, it may fall to the lowest border of the range — 1.1140 due to correction.

EURUSD

The pair is trading higher than the support level 1.1140 amid the decrease in activity of market participants — the result of the past two weeks when the world Central Banks were announcing their plans on the future monetary policy. Now the attention of the market players is on the important inflation and employment data, which will be released next month.

The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides on the 50% level and falling. Stoch are rising.

Trading recommendations:

Today the pair is most likely to trade within the narrow range of 1.1140-1.1175. But if it falls lower than 1.1140, it may go down reaching 1.1100-10.

USDJPY

The pair is higher than the support level of  111.00. It has corrected amid the weak negative reaction of the Japanese market due to the multi-directional dynamics of the US dollar.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and falling. Stoch are also falling.

Trading recommendations:

If the pair falls lower than 111.00, there is a possibility that if will go lower, reaching 110.40. But if it doesn't fall lower than the mentioned point, it may locally rise up to 111.70.

EURUSD

The pair is lower than the support level 1.1140. It is currently under pressure due to the positive comments made by the US Central Bank representatives regarding the Fed. actions. Another reason for the current situation is the high hopes regarding the US dollar rise amid the reduction of the Fed. balance sheet and the interest rate hike closer to the end of the year. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and falling. Stoch are struggling to rise. 

Trading recommendations:
The pair may be expected to fall to 1.1115 and then to 1.1060.