Analytic reviews

Сегодня были опубликованы данные по ВВП Японии за 3й квартал 2016г. Не смотря на то что, данные оказались значительно хуже ожиданий, реакция рынка оказалась сдержанной. Можно ожидать продолжения роста в паре USDJPY по итогам торгового дня либо к завершению торговой недели.

На этом фоне открываем сделку на покупку от уровней: 113,260 - 113,600. Stop/Loss: 112,780.

Take/Profit: 114,000 – 114,500.

Аналитик Михаил Качура

EURUSD

The pair has rebounded from the local maximum that was reached on Monday. It can fall to the recent minimum if the ECB makes it clear that the stimulum measures may continue in 2017. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than the 50% level and moving horizontally. Stoch are leaving the oversold zone.

Trading recommendations: Sell the pair once 1.0685  level is breached, considering a probable fall to 1.0530.

EURUSD

The pair started correcting downwards, after reaching a local maximum on Monday. It is possible that the correction will intensify prior the ECB meeting, where the bank can announce expansion of the stimulus measures.

The price is higher than the middle Bollinger band, lower than SMA5, but still higher than SMA14. RSI resides higher than 50% level and trying to turn downwards. Stoch are leaving the overbought zone.

Trading recommendations: Sell the pair amid the increasing correction down, considering a probable fall first to 1.0685, and then to 1.0650.

USDCAD

The pair has found support on the level of 1.3260 amid the oil price surge that occured after the OPEC summit last week . If the correction continues, the pair may correct upwards.

The price is on the middle Bollinger band, higher than SMA4, but sill lower than SMA14. RSI resides lower than 50% level and is trying to turn upwards. Stoch continue rising.

Trading recommendations: Buy the pair as the correction continues and upon the breach of the 1.3355 level, considering its possible rise up to 1.3400.

EURUSD

The pair remains inside the 1.0520-1.0715 range. It has all chances to fall reaching the lowest border of the range, if the US employment data is not worse than expected. It is assumed that American economy gained 175 000 new jobs in November, keeping an unemployment level at 4.9%.

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

Trading recommendations: Sell the pair amid positive US unemployment data with a probable target of 1.0520. 

USDCAD

The pair fell amid a steep rise of the crude oil quotes. However the fall is restrained by the expected increase in strenght of the US dollar. Nevertheless, a local fall can still be expected.

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

Trading recommendations: If the pair breaches the level of 1.3380, a further fall to 1.3345 is quite possible. If it doesn't happen, there is a possibility of a reverse up, as the increase in the strength of the US dollar will provide additional support.

USDCAD

The pair is standing still prior to the OPEC summit relusts announcement. The market doubts a positive outcome, but the hope is still there.

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

Trading recommendations: Positive news from the OPEC will lead to a local contraction around 1.3360 amid oil prices surge. Negative news will support the pair and can cause a rise up to 1.3585.

EURUSD

The pair remains within the range while awaiting for the release of the employment and the US GDP data, which is to happen this Friday. If the GDP data is not worse than expected (+3.0%), it can provide the US dollar with local support.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides on the 50% level and moving horizontally. Stoch are rising.

Trading recommendations: The pair can fall to 1.0520 amid positive data from the US.

EURUSD

The pair is still consolidating amid the holiday in the US tomorrow and prior to the outcome of the Fed. meeting on monetary policy. Positive Eurozone PMI data, as well as low trade volumes may help push the pair up.

The pair is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides under the 50% level and gradually rising. Stoch are also rising.

Trading recommendations: The pair will most probably remain within the 1.0580-1.0660 range, but a local breach of 1.0660 on low volumes, can cause a rise up to 1.0700, but not higher. If it happens, we consider it necessary to sell the pair starting from approximately 1.0700 with a probable target of 1.0550.

EURUSD

The pair is under a strong support level of 1.0580 which it can't yet surpass. It is possible that amid the recent slight correction on the government bond market it will also correct upwards, just prior to the news attempt to fall.

The price is lower than the middle Bollinger band, higher than SMA5, but still lower than SMA14. RSI resides above the oversold zone and is gradually turning upwards. Stoch are rising.

Trading recommendations:
An important economic data is not scheduled to be released today, which means an increased possibility that the pair will correct up to 1.0660, but but just to go for a reverse, testing the 1.0550 level right after.