Analytic reviews

USDCAD

The pair is testing the strong support level of 1.4260 again on the wake of the drop in oil prices, which is traded around levels which were last seen in 2003.

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

Trading recommendations: If the pair can retain its positions higher than 1.4240 there is a possibility that it will rise up to 1.4300 after breaching 1.4260 level and then will aim for 1.4400-15 levels.

EURUSD

The pair will most probably keep consolidating in 1.0880-1.0970 range befor the New Year.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and is moving horizontally. Stoch turned downwards after leaving the overbought zone.

Trading recommendations: We expect that the activity will remain quiet before the New Year and the pair can move in the range mentioned above. But there's a possibility that right after the New Year the price will breach the 1.0970 support level and aim at 1.1050.

EURUSD

The pair is consolidating as many of the world's biggest financial centres are shut down due to the Christmas eve. Investors activity level is pretty low.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and rising. Stoch are on the rise as well.

Trading recommendations: Trade inside 1.0880-1.0970 range.

EURUSD

The pair is still higher than 1.0920 level, keeping bearish momentum. The US data, published on Tuesday signal that Fed. may decide no to raise the rates again once again before Spring 2016.

Tha price is on the upper Bollinger band, lower than SMA5, but higher than SMA14. RSI is higher than 50% level, but is falling. Stoch are decreasing as well.

Trading recommendations: Buy the pair if the US Core Durable Goods Orders data is weak with a local target of 1.1050.

EURUSD

The pair is testing 1.0920 resistance level. If it is to be breached due to the weak data on the US GDP rate, the pair can go up.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and is trying to rise. Stoch reside right under the overbought zone and non-informative.

Trading recommendations: Buy if the pair passes 1.0920 level with local target of 1.1050.

EURUSD

The pair is slightly decreasing on the wake of the rise in european stock markets and absense of the importan economic statistics. It is probable that the pair will remain in 1.0795-1.0880 range on Monday.

The price is on the lower Bollinger band, lower than SMA5, but higher than SMA14. RSI index is lower than 50% level and falling. Stoch are in the overbought zone and intersect.

Trading recommendations: If 1.0880 level is breached buy the pair with approximate target of 1.1050

EURUSD

The pair maintains the negative tone triggered by the Fed interest rate decision. It is possible that the USD bearish momentum will keep losing strenghth if the US economical statistics demonstrates weakening tendency. There is no clear image at the moment.

The price is on the upper Bollinger band, lower than SMA5 and SMA14. RSI index is lower than 50% and coming closer to oversold zone once again. Stoch signal an opportunity of downward movement.

Trading recommendations: Breaching of 1.0785 level can cause local price fall to 1.0700, but a weak data from USA can push it up to 1.1050.

EURUSD

The pair remains under pressure on the wake of the weak German ecomony data, but if today's US economy statistical data is weaker than expected, it can put additional pressure on the currency, as yesterday's interest rate hike showed us that its increase will be determined by positive dynamics in american economy in the future.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI in lower than 50% level, but trying to turn upaward. Stoch are in the oversold zone.

Trading recommendations: Act according to the result of the US data. Positive data can make the pair fall lower than 1.0830 - to 1.0795. Negative data, on the other hand, will push the pair up to 1.1050 level.

EURUSD

The pair is consolidating in a narrow range before the Fed interest rate decision. It is assumed that the interest rate will be increased by 0.25% and the report regardgin the level and pace of the rate increase will be published. If the prognosis is moderate, the pair will turn upwards after a local fall.

The pair is on the lower Bollinger band, higher than SMA5, but lower than SMA14. RSI is lower than 50% level and moving horizontally. Stoch have left the oversold zone and keep rising.

Trading recommendations: All eyes are on Fed decisioin now. While estimating the possible outcome, we suggest that on the possible fall the pair should be bought with a local target of 1.1100.

EURUSD

The pair keeps consolidating. All attention is focused on Fed. meeting, but the pair can try to breach 1.1050 support level and surge today if German and Eurozone economic data is strong.

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

Trading recommendations: If 1.10509 is breached, a local rise to 1.1115 may occur.