Analysis for September 3rd, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving in the middle between Super Trends, which may form “bearish cross” in the nearest future. If later the pair breaks the 3/8 level and stays below it, the market will continue falling.
At the H1 chart, the pair is trying to stay inside “oversold zone”. Yesterday, Super Trends formed “bearish cross” quite soon. The closest target is at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, Canadian Dollar has been able to stay above the 5/8 level, which means that it may continue growing. In the future, the price may break the previous high and reach the 8/8 level.
At the H1 chart, Super Trends have formed “bullish cross”. Possibly, during the day the price may break the 8/8 level and continue growing inside “overbought zone”. If later the market breaks the +2/8 level as well, the lines at the chart will be redrawn.
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
USD/JPY jumps above 156.00 on BoJ's steady policy
USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 inflation forecast, disappointing the Japanese Yen buyers.
AUD/USD consolidates gains above 0.6500 after Australian PPI data
AUD/USD is consolidating gains above 0.6500 in Asian trading on Friday. The pair capitalizes on an annual increase in Australian PPI data. Meanwhile, a softer US Dollar and improving market mood also underpin the Aussie ahead of the US PCE inflation data.
Gold price keeps its range around $2,330, awaits US PCE data
Gold price is consolidating Thursday's rebound early Friday. Gold price jumped after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could lower borrowing costs. Focus shifts to US PCE inflation on Friday.
Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high
Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.
US economy: Slower growth with stronger inflation
The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.