Analysis for July 10th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Correction has almost reached the 3/8 level when price started falling down very fast. If Australian Dollar is able to stay below Super Trends in the nearest future, pair will continue moving downwards to reach the 0/8 level.

AUDUSD

Possibly, Super Trends may form “bearish cross” in the nearest future. After later pair breaks the 3/8 level downwards, price will continue falling down towards the 0/8 one. If later pair rebounds from it, market will start more serious correction.

AUDUSD


EUR GBP, “Euro vs Great Britain Pound”

Price is still being corrected between Super Trends; bears are supported by them and the 1/8 level. If pair rebounds from current levels, bears will easily break the 0/8 level downwards.

EURGBP

As we can see at H1 chart, bears are trying to find support at the 2/8 level; price has almost reached this level, which means that market may start falling down quite soon. If later instrument breaks the -2/8 level, lines at the chart will be redrawn.

EURGBP


XAG USD, “Silver vs US Dollar”

Silver is still consolidating and supported by H4 Super Trend and the 6/8 level. If price rebounds from these levels, bulls will start new ascending movement towards the 8/8 one.

Silver

As we can see at H1 chart, Silver rebounded from the 6/8 level three times; later, Super Trends formed “bullish cross”. Possibly, in the nearest future instrument may break the +2/8 level. In this case, lines at the chart will be redrawn.

Silver

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

GBP/USD clings to recovery gains above 1.3200, as BoE looms

GBP/USD clings to recovery gains above 1.3200, as BoE looms

GBP/USD sustains the recovery above 1.3200 in early Europe on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy announcements. 

GBP/USD News
EUR/USD holds higher ground above 1.1100, focus shifts to ECB-speak

EUR/USD holds higher ground above 1.1100, focus shifts to ECB-speak

EUR/USD is holding higher ground above 1.1100 in the early European session on Thursday. The pair is underpinned by the renewed US Dollar retreat, as traders digest the Fed's dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed. 

EUR/USD News
Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price regains positive traction following the previous day's pullback from the all-time peak and builds on its steady intraday ascent heading into the European session on Thursday. 

Gold News
BoE expected to keep interest rate unchanged at 5% as price pressures persist

BoE expected to keep interest rate unchanged at 5% as price pressures persist

After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.

Read more
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures