Daily reviews

USDCAD

The pair is trading above 1.3300. The restoration of crude oil prices may put it under pressure and let the price go lower, but the trade war between the US and NAFTA (which also includes Canada and Mexico) may push the pair upwards again after a local rebound downwards. …

USDJPY

The pair is trading below 109.90 as the demand for protective assets increases because of the de facto trade war between Washington and Beijing. Considering this, it’s safe to assume that the pair will resume its local decline while forming the Double Top pattern.

The pair is below the …

EURUSD

The pair is trading above 1.1575 following a small upwards correction. The general pressure of the USD remains, while the prospect of the Fed and the ECB monetary policies diverging isn’t in favor of the American currency. Considering this, the further decline of the pair is expected.

The price …

EURUSD

The pair is trading above 1.1550 as the eurozone consumer inflation data is expected to be released. If the data turns out to be strong, the pair may go upwards to 1.1520, but most probably it will resume its fall even against the background of positive data. However, if …

EURUSD

The pair is trading above 1.1800. The ECB monetary policy meeting is in the market’s spotlight. If the outcome indicates a pause in the decision to abandon the economic stimulus measures this September, a local fall of the pair should be expected.

The price is above the middle Bollinger …

USDJPY

The pair is trading above 110.50. It’s supported by the decreased geopolitical tension in the world and the expectations of a positive outcome of the Fed monetary policy meeting for the USD.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below …

EURUSD

The pair resides lower than 1.1840 level. It is probable that today it will be consolidating while expecting the Fed's monetary policy meeting results which will be revealed on Wednesday.

The price resides higher than the middle line of the Bollinger bands' borders, higher than EMA 5 and EMA …

EURUSD

The pair is trading below 1.1800 against the background of profit taking by investors following the growth before the Fed and the ECB meetings next week.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down. Stoch are also falling.

Trading …

EURUSD

The pair is above the level of 1.1800. It’s going up as the ECB is expected to not only to abandon the economic stimulus measures this September but to start raising the interest rates next year, based on this May’s strong consumer inflation data and the stable growth of …

USDCAD

The pair is consolidating above the level of 1.2910. CAD has received support as the US oil reserve data recently released by the American Petroleum Institute show 2 million barrels less than the previous week. The Canadian currency’s growth is also restrained by the increase in gasoline reserves by …