Analysis for May 27th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving downwards; earlier Super Trends formed “bearish cross”. Probably, in the nearest future the price may continue falling towards the 0/8 level. If the pair rebounds from it, the market may start an ascending correction.
The lines at the H4 and H1 charts are completely the same. If the price is able to rebound from the H1 Super Trend, it may resume moving towards the 0/8 level. After reaching this level, the market may it. In this case, bears’ next target will be at the -2/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar is moving in the middle of the H4 chart. Possibly, during the day the pair may form a correction towards the H4 Super Trend. If the price rebounds from it, the market may continue falling towards the -2/8 level and break it. In this case, the lines at the chart will be redrawn.
The lines at the H4 and H1 charts are completely the same. Probably, the pair may break the -2/8 level during Wednesday and the lines at the chart will be redrawn. Later, I’m planning to open another sell order when the price start moving downwards.
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
Editors’ Picks
EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.