Analytic reviews

During the last days GBP has been falling against all currencies and looks oversold. As GBP recovers, a correction in EURGBP pair can be expected. Open a SELL order form the following levels: 0,86000 – 0,85700.

Stop/Loss: 0,86460.

Take/Profit: 0,85350 – 0,84830 – 0,84230.

EURUSD

The pair fell to the lowest border of the 1.1125-1.1275 range after the Central Bank of Japan announced its decision on the monetary policy, and then showed a slight recovery. Now all eyes are on the results of the Fed's meeting.

The price is lower then the middle Bollinger band, on the SMA5 level and lower than SMA14 level. RSI is turning upwards. Stoch are in the oversold zone and also turning upwards.
 
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Trading recommendations: It the US interest rate is lifted sell the pair, considering a possible fall to 1.1035. If the rates remain unchanged, buy the pair, considering a possible rise up to 1.1275.

EURUSD

The pair is receiving support amid investors' belief that the Fed will not increase the interest rates. The price is trading inside the 1.1130-1.1215 range awaiting the Fed meeting.

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

Trading recommendations: Buy the pair when 1.1215 level is breached considering a possible rise up to 1.1275.

EURUSD

The pair keeps consolidating while the Fed is yet to announce its monetary policy decision. In all likelihood, the movement will continue within a narrow band.

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

Trading recommendations:

Sell the pair only at the breakout of 1.1215 level with its probable falling down to 1.1170 level due to USA consumer inflation positive figures. 

EURUSD

The pair’s current position is based on expectations that the consumer inflation level in Eurozone will remain low and the promising figures in USA will increase the likelihood of the Fed raising the interest rates next week. 

The price is lower than middle Bollinger band, lower than SМА 5 and SMA 14. RSI is falling. Stoch have also turned downward.

Trading recommendations:
Sell the pair on the breakout of 1.1215 level, anticipating its decline down to 1.1165 level due to the promising figures in the US.

USDJPY

The pair has overpassed 103.00 resistance level against the backdrop of the Fed being likely to raise the interest rates and hopes that BOJ is also going to extend the expansionary measures.

The price is on the upper Bollinger band, higher than SMA 5 and SMA 4. RSI is rising. Stoch are entering the overbought zone.

Trading recommendations: Buy the pair when it probably rolls back to 103.00 with the possible target of 104.10.

EURUSD

The pair is forming a triangle pattern with possible exit up or down depending on the results of the Fed meeting where interest rates are to be discussed (20-21st of September).

The price is higher than then upper Bollinger band, right on the SMA5 and higher SMA14. RSI is rising, but still in a flate. Stoch are rising.
 

Trading recommendations: Buy the pair while it is rising, starting from levels 1.1300-10 with its probable decline to the lower border of the 1.1150-1.1310 range. 

EURUSD

The pair fell due to correction right after reaching a local maximum of 1.1220, but it is most probable that today it will remain inside the 1.1225-1.1300 range.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is moving horizontally. Stoch have also turned upward.

Trading recommendations: If the price falls lower than 1.1260, it can lead to a further price decrease down to 1.1225.

EURUSD

The pair is traded above 1.1225 level, which creates potential for its local rise, but only if Draghi doesn't announce some new plans to expand stimulus measures aimed to support the economy.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is rising gradually. Stoch turned upwards. 

Trading recommendations: Buy the pair while 1.1265 level is being breached amid Draghi's speech with possible target of 1.1300.

AUDUSD

The pair is breaching the resistance level of 0.7635 amid the RBA's decision to keep the interest rates unchanged. Additional factor is the weakness of the US dollar prior to the Fed meeting later this month.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is coming closer to the overbought zone. Stoch are entering the zone.

Trading recommendations: If the pair manages to stay above 0.7635 level, there is a high chance that it will continue to rise reaching 0.7690-0.7700.