Analytic reviews

EURUSD

The pair is traded under 1.0675 level awaiting for FOMC minutes. If it a clear hint that Fed is going to increase the interest rate in Decemberwill be dropped, the pair can fall even lower because of the differences in monetary policies of Fed and ECB.

The price is on the lower Bollinger band, on SMA5 level, but lower than SMA14. RSI is gradually decreasing. Stoch are trying to rise.

Trading recommendations: Sell the pair if FRS minutes are positive for USD with local targers of 1.0600 and then 1.0515.

EURUSD

EURUSD pair breaks the 1.0650 support level and on the wake of obvious weakness of the Eurozone currency caused by the possibility of new stimulus in December. The pair can fall under pressure if the US consumer inflation data is not worse than expected.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. The relative strength index (RSI) is going down. Stoch are already in oversold zone.

Trading recommendations: Sell the pair if the US data is good, with local target of 1.0515

GOLD

After steep rise which occured during Asian session, Gold prices started to decline and if they won't rise higher than 1095.00 they can go down again on the wake of expectations of the US interest rate increase.

The price resides on the upper Bollinger band, higher than SMA5 and SMA14. The relative strength index (RSI) dropped sharply. Stoch enter overbought zone.

Trading recommendations: Sell with local target of 1079.50-55.

EURUSD

The pair consolidates before the US PPI (YoY) data release, which is expected to be strong. Our yesterday's prognosis stays the same - positivie statistics will push the pair down.

The price is on the upper Bollinger band, lower than SMA5 but higher SMA14. RSI index crosses 50% line up to down. Stoch are turning down.

Trading recommendations: Sell the pair if the US data is positive with local targets of 1.0650 and 1.0515.

EURUSD

The pair consolidates awaiting US PIP (YoY) data release which is expected to be quite strong. If the prognosis proves to be true, then most likely, the pair will keep lowering its positions because of the monetary policy differences of ECB and FRS which are not in Euro's favour.

The price is on the middle Bollinger band, on the level on SMA5 and SMA14. RSI index is under 50% level and turning down. Stoch also signal growth weakening and probability of downside movement.

Trading recommendations: Sell the pair if 1.0700 level is passed with local targets of 1.0650 and 1.0515

EURUSD

The pair keeps consolidating in a narrow range before the publication of the US retail sales and PPI (MoM) data which is to take place this Friday. ECB president M. Draghi will give a speech later today and if stimulus program is mentioned there the pair will most certainly fall under a certain amount of pressure.

The price is lower than the middle Bollinger band, higher than SMA5 and SMA14. RSI index is above oversold line and showing downside movement. Stoch also singal growth weakening.

Trading recommendations: Sell the pair with local targets of 1.0700, 1.0650 and 1.0515.

EURUSD

The pair consolidates awaiting for the publication of important data concerning retail sales in the US, which will be released this Friday. If the data is strong the pair will be inevitably pushed down. Meanwhile, before Friday is here, the price will move in a narrow range.

The price is lower than the middle Bollinger band, higher than SMA5, but lower than SMA14. RSI index is under the oversold line and moving upwards. Stoch are not-informative.

Trading recommendations: Sell the pair while it is rising, starting from an approximate level of 1.0840 with local targets of 1.0700, 1.0650 and 1.0515

AUDUSD

The pair rose due to the unchanged interest rate in Australia. It will probably continue to grow if the US Nonfarm data to released this Friday is weak. Until then, if it can’t hold on to 0.7200 level, a slight correction downwards can be expected.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI index grows has slowed down. Stoch enter overbought zone.

Trading recommendations: Sell the pair locally with a possible target of 0.7165-70.

EURUSD

The pair keeps moving upwards in the wake of the publication of a rather weak data on the American economy wich, despite the FRS announcement about the possiblility of the interest rate increase, lowers these market expectations. If ISM manufacturing PMI data will be lower than 50-point level, the pair can get additional support. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI index is rising and is located higher than 50% level. Stoch also turned upwards. 

Trading recommendations: It is better to buy the pair on the wake of weak data from the US with target levels of 1.1095-1.1100 and 1.1135.

EURUSD

The pair rose till 1.1000 which corresponds to 23% Fibonacci level and if it manages to overcome it there is a possibility of a local rise. If it doesn't happen, it will start declining.

The price is on the middle Bollinger band, but higher than SMA5 and SMA14. RSI index is rising, getting closer to 50% level. Stoch reside in the overbought zone.

Trading recommendations: Sell the pair while it is rising from 1.1075-80 or if the pair is unable to go higher than 1.1000 - sell with a local target of 1.0895.