Analytic reviews

EURUSD

The pair keeps consolidating. Attention of the market is focused to the results of the two-day long Fed. meeting which is to begin tomorrow. Fed interest rates decision and probability of increase will definately influence all financial markets and EURUSD pair. Any hint on the possibility of a hike will support the US Dollar and should opposite situation occur, we will see a reverse movement on the markets.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is higher than 50% level and is decreasing steadily. Stoch are lower than 50% level and keep falling.

Trading recommendations: We are expecting technical breach of 1.0920 level to be made. If it happens, there is a chance that the pair will fall till 1.0800 this Wednesday.

EURUSD

The pair found support on 1.0920 level and is probably trying to reach yesterday's maximum - 1.1040. This can be explained by the unwillingless of the investors to open positions in favour of US Dollar before the Fed meeting. But if the US retail data which is to be published today is strong, the price can go down.

The price is on the upper Bollinger band, higher than SMA5, but lower than SMA14. RSI is higher than 50% level and is turning upwards. Stoch are leaving the oversold zone.

Trading recommendations: Sell the pair if the US data is strong and if level of 1.0920 is breached with approximate target of 1.0800.

EURUSD

The pair is correcting down after it surged on Wednesday on the wake of closing trend for the US Dollar. Because of the local overbought it can correct not just by 23% by Fibonacci, but by 38%.

The price is on the upper Bollindger band, lower than SMA5, but higher than SMA 14. RSI left the overbought zone, so did Stoch.

Trading recommendations: Sell the pair with approximate targets of 1.0915 and 1.0840.

EURUSD

The pair continues downside correction awaiting for US rate hike next week. Positive non-farm figures provided the US currency with additional support.

The price is on the upper Bollinger band, lower than SMA5 and SMA14. RSI keeps falling. Stoch start entering the oversold zone.

Trading recommendations: Sell the pair expecting further fall till 50% Fibonacci retraction fan - 1.0740 after breaching 1.0800.

EURUSD

The pair is setting a downward correction after its surge of Thursday, which was backed by ECB new stimulus decision. It can keep falling if the unemployment data from the US is better than expected and vice versa.

The price is on the upper Bollinger band, lower than SMA5, but higher than SMA14. RSI is coming out from the overbought zone. Stoch turned downwards and reside in the same zone.

Technical analysis: Sell the pair if the US data is strong with approximate target of 1.0740 ans Buy is it is worse than expected with a target of 1.1050.

EURUSD

The pair got sume support on Tuesday, on the wake of the weak PMI data and investors aiming to close their positions before the publication of Non-farm and ECB meeting data. If today the ADP numbers turn out to be weaker than expected, we can expect the pair to rise locally. On the other hand, strong numbers will push the pair down.

The price is higher than the upper Bollinger band, lower than SMA5 and SMA14. RSI resides above 50% level. Stoch turned downwards.

Trading recommendations: Sell the pair if ADP dara is strong with local target of 1.0555 or Buy if the data is weak with target of 1.0700.

AUDUSD

The pair got some support on the wake of Australian GDP rise and will probably try to reach the higher range of the "pennant" figure 0.7300 after 0.7280 level is passed.

The price is higer than the upper Bollinger band, higher than SMA5 and SMA14. RSI is under overbought zone. Stoch are already there.

Trading recommendations: Sell the pair while it is rising from 0.7300 level with a local target of 0.7210 keeping in mind that it can fall till 0.7170.

EURUSD

The pair keeps consolidating slightly decreasing in a narrow range of 1.0555-1.0595. If the manufacturing PMI data is not better than expected the fall may continue. 

The price is on the upper Bollinger band, lower than SMA5 but higher than SMA14. RSI turned downwards and resides on 50% level. Stoch suggest weakening of upward movement.

Trading recommendations: Sell the pair while it is rising from 1.0595 with a local target of 1.0555.

EURUSD

The pair keeps consolidating in 1.0565-1.0600, a rather narrow range. It probably won't change until ECB monetary policy decision is announced this Thursday.

The price is on the lower Bollinger band, higher than SMA5, but lower than SMA14. RSI stays under 50% level and going downwards. Stoch also signal a downward market trend is to take place.

Trading recommendations: Sell the pair while it is rising from 1.0600 with a local target of 1.0565.

EURUSD

The pair is likely to keep consolidating in 1.0600-1.0690-1.0700 range before the next week's release of unemployment data in the U.S. Only today's US GDP data can force the pair to fall below 1.0600 level.

The price is on the lower Bollinger band, exactly at SMA 5 level, but lower than SMA 14. The relative strength index (RSI) is moving horizontally. Stoch's rising tendencies are weakening.

Trading recommendations: Sell the pair while it is rising, starting from around 1.0690 level with approximate target of 1.0600 and considering the possibility of it falling to 1.0550 и 1.0515 levels.