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Forex: Technical overview 12.02.18

EURUSD

The pair is consolidating below the level of 1.2295–1.2300 as the economic statistics data from the US and the eurozone is expected to be released soon. The direction that the US stock market trading takes will also influence today’s tendencies on the markets.

The price is below the middle …

Forex: technical overview 09.02.18

USDCAD

The pair is trading above the mark of 1.2575 amid low crude oil prices and general investors’ withdrawal from the market.

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

Forex: Technical overview 08.02.18

GBPUSD

The pair may come under pressure today if the Bank of England meeting results don’t indicate its intention of raising the interest rates in the foreseeable future.

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

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