Analytic reviews

EURUSD

The pair can receive support it the Fed is reluctant to raise the interest rate. In this case the pair will have all the chances to rise up to the upper border of the 1.0800-1.0990 range.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level. Stoch are under the overbought zone.  

Trading recommendations: Buy the pair if Fed's approach to the interest rate hike is rather "soft" with an approximate target of 1.0990-1.1000.

EURUSD

The pair can leave the range it is consolidating in now if Fed announces the possibility of the new interest rate hike tomorrow. If it is clear that there are yet no reasons for the increase to take place, the pair will get some local support and can start rising. 

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

Trading recommendations: It is better to take no actions till Fed interest rate decision is announced.

USDCAD

The pair is rising while oil pricess fall correcting after they surged last week. The pair will probably keep rising but if it doesn't breach the 1.429501.4300 level there's a good possibility of it reversing and starting to fall.

The price is on the lower Bollinger band, higher than SMA5, but lower than SMA14. RSI is coming our from the oversold zone. Stoch do just the same.   

Trading recommendations: Buy the pair with the target of 1.4295 and then sell if the price is higher than 1.4300 with the target of 1.4035.

EURUSD

The pair is consolidating before the results of ECB meeting and M. Draghi speech are announced. We do not expect any breakthrough actions from the Central Bank which will probably be the reason for the pair to move is a narrow range.

The price is on the lower Bollinger band, higher than SMA5 and SMA14. RSI residers on the 50% level. Stoch are entering overbought zone.

Trading recommendations: Continue trading inside the range while waiting for the ECB meeting. Buy when the price is falling starting from 1.0800 level and sell from 1.0900-1.1000.

EURUSD

The pair can breach 1.0990 support level reacting on the weak US inflation data and strong expectations that ECB will not announce any new actions on the meeting this Thursday.

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

Trading recommendations: Buy the pair if the US data is weak and if 1.0990 level is breached with an approximate target of 1.1055. 

EURUSD

The pair can fall to the lowest border of the 1.0800-1.0990 range on the wake of the weak data released on inflation in Germany and Eurozone and low ZEW forecast numbers.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is crossing 50% level and showing downside movement. Stoch are turning downwards.

Trading recommendations: Sell the pair if the data from Germany and Eurozone is weak with an approximate target of 1.0800. Breaching of this level can lead to the lowering of the price to 1.0700-15.

EURUSD

The pair can gain support on the wake of the positive mood on Chinese and European markets, depsite the fact that the sanctions against Iran were lifted and the markets are awating the flow of Iranian oil to come in. The pair will probably be moving in 1.0800-1.0990 range.

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

Trading recommendations: Buy the pair once of the technical indicators are reversed with a local target of 1.0990 and if the mood in Europe remains positive today. 

EURUSD

The pair can obtain support is the US data on the inflation expectations and retail sales is according to the prognisis or lower, which will significantly lower the expectations of the interest rate hike in March.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and gradually increasing. Stoch turned upwards.

Trading recommendations: Buy the pair if the US data is weak expecting an approximate rise to the higher border of the 1.0800-1.0990 range.

EURUSD

The pair can obtain some support on the wake of the publication of December ECB meeting minutes, but only if it shows intentions to keep expanding stimulus program in the Eurozone.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and gradually increasing. Stoch are entering the overbought zone.

Trading recommendations: Buy the pair is the minutes confirm ECB intentions to expand stimulus program, with an approximate target of 1.0990.

EURUSD

The pair keeps moving in 1.0800-1.0990 range. Most probably, before the important economic statistics data from the US (especially inflation-related) is published, it will keep doing so.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI resides lover than 50% level and moving horizontally. Stoch are entering the oversold zone.

Trading recommendations: Buy the pair if it holds above 1.0800 with an appoximate target of 1.0990.