Daily reviews

EURUSD

The pair remains in the short-term downtrend in expectation of the ECB’s monetary policy decision. If the bank, and its president Mario Draghi, are optimistic in evaluating the prospects of European economy, the pair will receive support. However, if there are any mentions of risks concerning trade wars of …

USDCAD

The pair remains in the short-term uptrend due to decreasing crude oil prices and in expectation of the results of the Bank of Canada monetary policy meeting. If the regulator raises interest rates and hints at more raises in the near future, the price will fall. At the same …

EURUSD

The pair is still trading flat within the range of 1.1450–1.1600 amid the growing debt problems in Italy and the decreasing demand on risk assets,

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is indicating …

USDJPY

The pair is testing the level of 112.70 amid the growing demand for shares in Japan. The pair is also indicating a positive tendency within the short-term uptrend that is visible on the day timeframe after reaching the local maximum.

The price is above the middle Bollinger band, above …

GBPUSD

The pair is trading above 1.3015 against the background of the failed Brexit talks. Considering that a number of the world’s most important economic indicators are showing decline, the pair may resume local fall.

The price is below the middle Bollinger band, on the level of SMA 5, but …

GBPUSD

The pair is trading above 1.3080 in expectation of the outcome of the EU leaders’ meeting. If the summit doesn’t result in a comprehensive Brexit agreement, the pair may resume its decline. Only in case of positive news the pair is likely to start growing.

The price is below …

USDJPY

The pair is trading below 112.15 due to the decreasing tension on the markets, while preserving the short-term uptrend. It may receive support if the market sentiment remains the same and if the Fed monetary policy meeting results in a decision to gradually raise interest rates.

The price is …

AUDUSD

The pair is trading below the level of 0.7150 amid the general consolidation that’s beginning to take shape on all the world’s markets with no exceptions. Investors await the results of the US Congress election. This is likely to immobilize the market players. As for the pair, the Reserve …

AUDUSD

The pair is trading above 0.7100. The Australian currency is still a hostage of the US-China trade war, which will remain a source of pressure for the pair. That’s why we don’t expect any significant growth and recommend selling the pair at its growth.

The price is above the …

AUDUSD

The pair is trading below 0.7130. The Reserve Bank of Australia announced that the Australian economy would have growth problems due to the US-China trade war, which indicates that they are not likely to raise the interest rates. Thus, as the Fed will continue doing that, the spread between …