Analytic reviews

USDJPY

The pair is trading at the support level of the short-term downtrend. A breach of the trend line, amid the expectations of positive US employment data, will facilitate its growth, despite the pair being locally overbought.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA4. RSI resides in the overbought zone. Stoch are also in the zone.

Trading recommendations:
If the pair breaches 112.90 level, there is a possibility of its further rise up to 114.00.

USDJPY

The pair is trading above the 111.60 level. Its growth may continue amid the further decline in the geopolitical tensions and a rising demand for shares on the Japanese financial market.

The price is higher than the middle Bollinger band, higher than SМА 5 и SMA 14. RSI is moving horizontally. Stoch reside in the overbought zone.

Trading recommendations:
Buy the pair with a probable target of 113.00.

USDRUB

The pair is trading higher than 57.00 level. The growth may accelerate if today the Bank of Russia lowers the interest rates by 0,50%, instead of 0,25% as expected. 

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is rising. Stoch reside in the overbought zone.

Trading recommendations: 
Buy the pair with a probable target of 57.80.

USDRUB

The pair is trading lower than 57.00. It received support amid the rise in the expectations that the Bank of Russia will increase the interest rates this Friday. 

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI is rising. Stoch reside in the overbought zone.

Trading recommendations:
Buy the pair once 57.00 level is breached with a probable target of 57.80.

EURUSD

The pair is traded higher than 1.0920 level. It could still rise up to 1.1000, but it should be sold on the rise because of a strongly overbought state and a pause before the second tour of the presidential elections in France. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone and moving horizontally. Stoch also reside in the zone.

Trading recommendations:
Sell the pair from the level 1.1000 or a fall lower 1.0920 with a probable target of 1.0800-15.

USDCAD

The pair is traded higher than 1.3520 level amid the weakening of the crude oil quotes, as it is unclear if the OPEC is going to extend the oil cuts.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides under the overbought zone and moving horizontally. Stoch also reside in the zone.

Trading recommendations:
The pair may correct downside to 1.3500-20, but if it stays above this level, there is a possibility that it will continue rising to 1.3600.

EURUSD

The pair is correcting downwards after the strong growth prompted by the outcome of the first round of the French presidential election. The market responds positively to the new leading candidates, who are now Emmanuel Macron and Marine Le Pen, with Macron being expected to win.
The price is on the upper Bollinger band, considerably above SMA 5 and SMA 14. RSI is in the overbought zone and is turning downwards. Stoch also indicate that. 

Trading recommendations:
If the price falls down below 1.0825 level, the door to further lowering to 1.0775 is open.

GBPUSD

The pair is traded around the 1.2800 level amid the investors' positive attitude towards the decision of the British Government to hold an early general election. The pair still has a potential to rise, but it seems like it will be limited. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone and gradually falling. Stoch are leaving the oversold zone.

Trading recommendations:
Our prognosis mainly remains unchanged. If the pair falls lower than 1.2800 level, there is a possibility of it falling to 1.2730, and then to 1.2570.

GBPUSD

The pair showed a steep rise, following the unexpected announcement made by Theresa May (British prime minister), who said that she wants to hold the general election on the 8th of June. It provided support to the Pound, as it has been assumed that the Brexit will now be softer, thanks to the May's desire to increase her influence. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone and gradually falling. Stoch are also in the zone and turning downwards.

Trading recommendations:
If the pair falls lower than 1.2800, there is a possibility of the continuation of the fall to 1.2730, and then to 1.2570.

EURUSD

Europe is still on the Easter holidays. Meanwhile, it is a working day in the US. We don't expect a noticeable dynamics prior to the trades opening in the US. The pair will most likely will stay within the range till the elections in France. 

The price is lower than the middle Bollinger band, on the SMA5 level, but lower than SMA14. RSI resides under 50% level and moving horizontally. Stoch are non-informative.

Trading recommendations:
Today the pair will remain within the 1.0565-1.0675 range. Most probably, it will stay there until the results of the first round of the presidential elections in France are announced.