Analytic reviews

EURUSD

The pair has reached a local maximum amid the closure of long USD positions prior to the Fed's meeting on the monetary policy. The expectations that the interest rates will remain unchanged put the US dollar under pressure. But the situation can change if the ADP data published today is not worse than the expected rise to 170 000. In this case the pair will fall under a local pressure. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone. Stoch are already there.

Trading recommendations: Sell the pair once it has fallen lower than 1.1055 with the probable target of 1.1020, which corresponds with the 23% Fibonacci retracement.

EURUSD

The pair has stopped above the support level of 1.0960 and has chances to either continue to rise amid the closure of some of the short positions or to fall, remaining in the narrow range of 1.0930-1.1025.

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI is moving horizontally. Stoch are turning downwards.

Trading recommendations: If the price falls lower the 1.0960, it can lead to further fall to 1.0930 or it can rise up to 1.1025 once the level of 1.0980 is breached.

EURUSD

Friday's growth was followed by decline today upon the closure of a number of long positions after the publication of strong preliminary data on the 3rd quarter US GDP. 

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA 14. RSI has lowered. Stoch are turning downwards.

Trading recommendations: If the price falls lower than 1.0960, it can cause its further fall to 1.0885 and possibly to 1.0850-55.

EURUSD
The pair is consolidating at 1.0900 level while the US economic statistics data is expected to be published. Strong data on the growth of durable goods orders can cause a local decline of the pair.
The price is above the middle Bollinger band, lower than SMA 5 and higher than SMA 14. RSI is testing 50% level upwards. Stoch keep falling.

Trading recommendations:
It’s safe to assume that the good US figures will encourage the pair to fall below 1.0900 level with a likely target of 1.0855 and then, possibly, 1.0825.

USDJPY

The pair is receiving support amid Japanese stock market rise and in anticipation of the interest rate increase during the Fed meeting in December, mainly due to the Monday comments given by Bulland and Evans.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is climbing up. Stoch entered the overbought zone.
 

Trading recommendations: Once the level of 104.50-55 is breached, a further rise up to 105.00 will be triggered.

EURUSD

The pair is hanging on the strong support level of 1.0960 and can continue falling if Draghi indicates that the extra soft monetary policy will be prolonged.  
 
The price is lower than the middle Bollinger band, lower than SМА 5 and SMA 14. RSI resides lower than 50% level and moving gorizontally. Stoch are lowering.

Trading recommendations: If the price falls lower than 1.0960 level, it will lead to a further decrease to 1.0900. But if Draghi doesn't mention anything specific about the prolongation of stimulus measures, the price can turn upsude and start aiming for 1.1000.

EURUSD

The pair has corrected up amid profit taking, but if the US consumer inflation numbers are high, it will put the pair under a fair amount of pressure.

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

Trading recommendations: Sell the pair once it's fallen below 1.1000 amid the positive data from the US, considering its further fall first to 1.0965 and then to 1.0900.

EURUSD

The pair is traded lower than the resistance level of 1.1050 awaiting for the publication of economic statistics from the US and Yellen's speech. If the data is strong and Yellen will speak positively about American economy, which is most probable, the pair will continue the local fall.
 
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% and falling. Stoch have come out from the overbought zone and signal to sell.

Trading recommendations: Sell the pair on expectations of the positive data from the US and Yellen's speech with probable target of 1.0950.

EURUSD

The pair found support on the 1.1040 level after the recent fall caused by the increased probability of the US interest rate hike in December. The fall can continue if the Septempber Fed meeting minutes also indicate the interest rate hike by the end of the year.

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

Trading recommendations: Sell the pair if the Fed's meeting minutes are positive and the 1.1040 level is breached with a probable target of 1.0950.

USDCAD

The pair has found support on 1.3160 level after the oil prices stopped at the maximums reached earlier, awaiting for real measures instead of just verbal interventions about reduction in oil production volume .

The price is lower than the middle Bollinger band, higher than SMA5, but lower than SMA14. RSI is passing the 50% level. Stoch are pointing up.

Trading recommendations: A fixation above the 1.3200 level will lead to a local rise up to 1.3300. If there is no news signaling that an agreement has been reached the pair can fall to 1.3400.