Analytic reviews

EURUSD

The pair stopped growing amid the weak US manufacturing PMI data. If the US employment data is positive, the pair has all chances for further decline. 

The price is higher than the middle Bollinger band, lower than SMA5, but still higher than SMA14. RSI is turning down. Stoch reside in the overbought zone.

Trading recommendations: Sell the pair while expecting positive data from the US if the 1.1185 level is breached with probable targets of 1.1125 and 1.1065.

EURUSD

The pair is consolidating above an important level of 1.1130 while waiting for the publication of the ADP data. If the numbers are 175 000 or higher, a further fall can be expected.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is entering the oversold zone. Stoch turned upwards.

Trading recommendation: Sell the pair if the ADP data is positive and 1.1130 level is breached with probable targets of 1.1065 and 1.1040.

USDJPY

After a minor correction, the pair continued growing amid a very possible Fed's interest rate increase in September.  At the same time, the market is expecting the Bank of Japan to expand the stimulus measures which will lead to divergence between monetary polices of the Fed and the Bank of Japan, not in the yen's favour.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is entering the oversold zone. Stoch have turned upwards.

Trading recommendations: Buy the pair once 102.40 level is breached expecting a possible rise up to 103.20.

EURUSD

The pair has corrected downside awaiting for a positive performance for the US dollar by J. Yellen in Jackson Hole this Friday.

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

Trading recommendations: 
Sell the pair with its possible drop to 1.1200. 

EURUSD

The pair has grown amid the equally strong weakening of the investor interest in the US dollar. But today, quite probably, a number of long positions will be closed due to the locally overbought market being a good occasion to take profits.

The price is higher than the upper Bollinger band, higher than SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are falling. 

Trading recommendations: 
Sell the pair at 1.1230 with its possible drop to 1.1250.

EURUSD

The pair has breached the resistance level of 1.1230. If the US CPI data turns out to be positive, the price can return to the 1.1070-1.1230 range.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is right under the overbought zone. Stoch are rising.

Trading recommendation:  Sell the pair while it is falling lower than 1.1230 level amid the strong data from the US with a probable target of  1.1070.

EURUSD

The weakness of the US dollar is pushing the pair up, but the high probability of stimulus expansion by ECB acts as a restraining factor here. It is most probable that the price will remain inside the 1.1135-1.1225 range until the news from the ECB is published. If ECB announces stimulus expansion, the pair can fall to 1.1070.

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

Trading recommendations: Sell the pair while it is rising from 1.1225  with approximate target of 1.1135 and considering a possible fall to 1.1070, as the probability of ECB expanding stimulus is pretty high.

The pair has reached another maximum and looks overbought. Correction in EURGBP can be expected amid GBP recovery. Open a SELL order from 0,86000 level.

Stop/Loss: 0,86460.

Take/Profit: 0,85270 – 0,84750.

USDJPY

The pair is consolidating and forming a triangle pattern amid the release of the US retail sales data. If the numbers are higher than expected it will push the pair up. If the numbers are lower than expected the pair will fall to the lower range of the triange, but will probably remain within it.

The pair is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving horizontally. Stoch are in the overbought zone.
 

Trading recommendations: Buy the pair once the 102.50 level is breached considering a possible move to 104.00

In recent days the pair has reached yet another maximum, despite the interest rate decrease by the Bank of Australia. It can be assumed that a correction will take place prior to the Reserve bank of Australia's head speech, which we can indirectly confirm looking at the three peakes on the 4H chart. Open a sell order from levels 0,76600 – 0,76300.

Stop/Loss: 0,77110.

Take/Profit: 0,75820 – 0,75050.