Analytic reviews

EURUSD

The major world financial markets are closed today due to the Good Friday. Hence, we are not expecting any significant changes.

The price is at the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and moving horizontally. Stoch are also in the oversold zone.

Trading recommendations:
It is not advised to open positions today. However we assume that on Monday the pair will remain within the 1.0565-1.0675 range if nothing major happens during the weekend.

EURUSD

The pair is traded below the 1.0680 level. From a technical standpoint, the pair is overbought and has all chances to locally turn downwards, it it fails to breach this point.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides above the 50% level and turning downwards. Stoch are already in the overbought zone.

Trading recommendations:
Sell the pair, considering its probable fall to 1.0600.

EURUSD

The pair is stuck inside the  1.0565-1.0650 range and may stay there till the presidential elections in France. The probability of a further fall still exists and may be triggered by the difference in the ECB and Fed.'s monetary policies.

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

Trading recommendations:
Sell the pair on its fall lower than 1.0565 with a probable target of 1.0500.

EURUSD

The pair remains within the short term downtrend, which may continue if the price stays lower than 1.0600, despite being locally oversold. The US dollar receives support amid the rise in expectations that the Fed increases the interest rate in June.

The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone, same as Stoch.

Trading recommendations:
Sell the pair on its fall lower than 1.0575 with probable targets of 1.0530 and 1.0500.

AUDUSD

The pair remains inside a short term downside trend, which may continue if the employment data from the US is not worse than expected.

The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI resides above the oversold zone and falling. Stoch are also above the zone.

Trading recommendations:

Positive employment data from the US may push the pair down to 0.7490, and then to 0.7450.

USDJPY

The pair is lower than 111.50. The market keeps following the publications of the data on the American economy, but the attention is mainly focused on the results of the trade negotiations between the US and China.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level, but demonstrating weakening of the growth. Stoch are under overbought zone.

Trading recommendations:

Rise in the inclanation to buy risk will support the pair, which will go higher than 111.50 and will lead to the further growth up to 112.30.

USDCAD

The pair has returned into the corridor of 1.3290-1.3400 amid the publication of the US API data, which showed shortage in oil reserve by 1.8 bln barrels. Gasoline and distillates reserves have also lowered way more than was expected. The pair may keep falling as a result.

The price is higher than the upper Bollinger band, lower than SMA5, but on the level of SMA14. RSI resides higher than 50% level and gradually falling. Stoch are entering the oversold zone.

Trading recommendations:

If the oil quotes keep getting stronger, it may push the pair to 1.3290 — the lower border of the range.

USDCAD

The pair is once again testing the strong resistance level of 1.3400 amid the strong US Dollar positions, supported by the strong economic statistics and inability of oil prices to continue the rally that began end of the last year.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and rising. Stoch are in the overbought zone.

Trading recommendations:
The breach of 1.3400 and fixation above it, will allow the price to keep rising up to 1.3500 and 1.3515.

EURUSD

The pair is consolidating above the important level of 1.0650 prior to the release of another piece of the economic data from the US. The most important data this week is the employment figures.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides above the oversold zone and is moving horizontally. Stoch are trying to go down.

Trading recommendations:
If the price falls lower than 1.0650, it will lead to a further fall to 1.0595, the lower border of the short-term upward trend.

EURUSD

The pair is trading higher than 1.0670 and remains under pressure amid the strong US economy data and the negative inflation figures in Germany, growth rate of which seems to become lower. If today's PCE data from the US is strong, and the pressure caused by the inflation in Europe lowers, the pair will keep falling.

The price is lower than the middle Bollinger band, at the SMA 5 level and lower than SMA14. RSI resides in the oversold zone and moving horizontally. Stoch also reside in the oversold zone.

Trading recommendations:
If the price falls lower than 1.0670, it will lead to its fall to the lower border of the short term upward trend  1.0575.