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Forex: technical overview 04.04.18

04.04.2018

Market Review

EURUSD

The pair is consolidating above the mark of 1.2255. There’s a strong probability of a local growth prompted by the eurozone consumer inflation news if they are favorable for the euro. However, it may fall if the figures turn out to be worse than predicted, and in case of …

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Forex: technical overview 03.04.18

03.04.2018

Market Review

EURUSD

The pair is restoring following the surge of futures contracts on major American stock indices, which is a result of China increasing tariffs on US imports yesterday.

The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is testing …

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GBPUSD technical analysis 02.04.18

02.04.2018

Market Review

GBPUSD

The pair has found support at the level of 1.4010 and may continue its local growth while remaining within the range of 1.4010–1.4115. The pair is still receiving support due to the fast resolution of Brexit crisis and the likelihood of the Bank of England raising the interest rates …

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Forex: technical overview 29.03.18

29.03.2018

Market Review

EURUSD

The pair is moving down now that the USD positions are stronger due to the newly released positive data on the US economy which may encourage the Fed to raise the interest rates more actively.

The pair is below the middle line of the borders of Bollinger bands, below …

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Forex: technical overview 28.03.18

28.03.2018

Market Review

EURUSD

The pair rolled back downwards after the local maximum point following yesterday’s unfavorable news on the economy of Germany and the eurozone. The pair may continue falling if today’s US economy data proves positive.

The price is above the middle line of the borders of Bollinger bands, below EMA …

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Forex: technical overview 27.03.18

27.03.2018

Market Review

EURUSD

The pair is supported by the lack of tension surrounding the trade war between the US and China. If nothing scares the investors the pair has the potential to grow while forming the descending triangle pattern.

The price is above the middle line of the borders of Bollinger bands, …

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Forex: technical overview 26.03.18

26.03.2018

Market Review

EURUSD

The pair is growing as the recently started trade war between the US and China is feared to have a negative impact on the USD. Technically the pair is forming a descending triangle continuation pattern.

The pair is above the middle line of the borders of Bollinger bands, above …

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Forex: technical overview 23.03.18

23.03.2018

Market Review

USDJPY

The price is moving down following Donald Trump’s de facto declaration of trade war with China. Hence the demand for the Japanese yen is growing and the pair may resume falling after the likely correction upwards.

The price is below the middle line of the borders of Bollinger bands, …

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Forex: technical overview 22.03.18

22.03.2018

Market Review

GBPUSD

The pair receives support as the EU summit is expected to solve a number of Brexit problems. It’s safe to assume that if the summit’s outcome proves positive, while the Bank of England meeting hints at another interest rates increase, the pair will continue growing. However, unfavorable news would …

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Forex: technical overview 21.03.18

21.03.2018

Market Review

EURUSD

The pair is regaining its previous positions following this Tuesday’s drop, and now it’s swinging before the Fed’s monetary policy meeting. A local recovery is likely, but if the meeting’s results prove positive for the USD, the pair will be expected to weaken.

The price is below the middle …

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