Daily reviews

EURUSD

The pair is in downtrend above the level of 1.2200 as the ECB monetary policy meeting results are expected to be released. The pair may correct upwards, but it’s most likely to continue falling following the meeting’s results.

The price is below the middle line of the borders of …

EURUSD

The pair is still under pressure as the investors no longer expect the ECB to stop economic stimulus measures before the end of the year due to the slower economic growth and the eurozone’s inflation pressure. The bank is believed to make the decision to wait at the meeting …

GBPUSD

The pair is still under pressure as the Bank of England is no longer expected to raise the interest rates this June.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold area. Stochastic oscillators …

GBPUSD

The pair is testing the level of 1.4185 as the UK retail sales data is expected to be released. It’s anticipated to show a 0.5% decrease this March. If the data turns out to be as predicted or lower, the pair will be highly likely to continue falling.

The …

EURUSD

The pair is consolidating as the eurozone consumer inflation data is expected to be released. If the data indicate that the inflation is still slowing down, it would put the pair under a local pressure.

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

NZDUSD

The pair is consolidating at the local maximum point against the background of the unfavorable China GDP data released today, and also the decreased volume of New Zealand government bonds purchases by non-residents. The pair has been trading flat for over two months due to the uncertainty on the …

WTI oil

The absence of any evident increase in the Middle East tensions following the missile strike on Syria by the US and the allies puts the oil prices under pressure, as it was the main stimulus for their growth lately.

The price is below the middle line of the …

EURUSD

The price is still trading flat due to the weak eurozone data and the tense geopolitical situation.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50%. Stochastic oscillators are growing.

Trading recommendations: …

USDCAD

The pair is in downtrend as the geopolitical tension surrounding the situation in Syria increases. It’s still unclear whether the US will carry out a missile strike, but if it happens, the tension will reduce and the pair will be expected to reverse upwards.

The price is below the …

EURUSD

The pair received support due to the increased demand for risk assets, but today it may reverse downwards if the US consumer inflation data is stronger than predicted.

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