Analytic reviews

EURUSD

The pair is consolidating under 1.1365 level and can keep declining if the US CPI (MoM) numbers to be published today are not worse than expected, as it is supposed to bring back to life expectations that the Fed will go for the interest rate hike on the meeting this June. 

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level. Stoch are non-informative.

Trading recommendations: Wait till the US CPI data is released and sell if it is positive expecting fall to 1.1220.

EURUSD

The pair can correct upwards for the mere reason that there's no inportant statistics from the Eurozone and the US today, but it doesn't mean that it can't decline. 

The price is lower than the middle Bollinger band, higher than SMA5 but lower than SMA14. RSI is leaving the oversold zone. Stoch have left it as well.

Trading recommendations: We are expecting the price to bounce reaching the 1.1360-65 levels and advice to sell the pair expecting further fall to 1.1220.

USD/CAD

The pair is correcting downside amid the oil prices recoil during Asian session. It is possible that the pair will follow the prices and come down to  1.2750, but the downside trend has already been cracked and there is a high probability that the pair will keep rising. 

The price is higher than the middle Bollonger band, lower than SMA5 but higher than SMA14. RSI is coming out from the overbought zone. Stoch do the same.

Trading recommendation: Buy the pair from the 1.2800 level and acumulate the position starting from 1.2750 

USDCAD

The market opened with a gap amid the unsatisfactory results of the Doha summit. Because of the pessimism and the probable oil price weakening the pair will keep rising.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI keeps rising. Stoch are entering the overbough zone

Trading recommendations: Buy the pairs with approximate targets of 1.3015 and 1.3100.

EURUSD

The pair is breaching the support level while expecting the american economy data which is to be published later today.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides on the oversold line. Stoch turned downwards.

Trading recommendations: Sell the pair when 1.1250 level is breached minding a possible fall to 1.1150.

USDCAD

The pair is correcting upwards aimd the falling oil prices. If they keep correcting, a continious local rise can be expected. 

The price is on the middle Bollinger band, higher than SMA5 but lower then SMA14. RSI index is leaving the oversold zone and signals to Buy. Stoch also turn inside the oversold zone.

Trading recommendations: Buy the pair with a local target of 1.2850-55, minding the probability of its rise to 1.2915.

EURUSD

The pair keeps consolidating in a narrow range amid the absense of strong drivers today. Most probably that won't change much today.

The price is lower that the middle Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and moving down. Stoch signal the rise.

Trading recommendations: Sell the pair once the 1.1340-45 level is breached and the price is fixed lower with approximate target of 1.1220.

EURUSD

The pair is lower than the 1.1400 resistance level and is testing 1.1270 support level. Breaching of the support level can make the pair fall and return to the flat tendency.

 The price is higher than the middle Bollinger band, lower than SMA5 and SMA14. RSI has left the oversold zone and signals to Buy. Stoch are non-informative.

Trading recommendations: Sell the pair after 1.1370 level is breached with local target of 1.1280 and considering the possibility of further fall to 1.1150.

EURUSD

The pair is lower than 1.1400 resistance level. If the US employment data is better than expected, the price can fall amid the profit-taking.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI index resides in the overbought zone. Stoch turned downwards.

Trading recommendations: Sell the pair on the wake of the strong US employment data with an approximate target of 1.1150.

EURUSD

The pair has reached the local maximum amid the overall weakening of the US dollar and the obvious signal that came from Yellen about pausing the rate increase. Today the pair can continue rising if the US employment data is weaker than expected, but if it is better, the pair can fall under pressure.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is in the overbought zone, same as Stoch.

Trading recommendations: Buy the pair if the ADP data is weak and the 1.1335 level is breached with approximate target of 1.1525. But if the data is strong, there's a good possibility that the price will make a local move to 1.1150.