Analysis for April 17th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving between Super Trends. If later price breaks the 5/8 level upwards, it may continue growing up towards the 6/8 one.
As we can see at H1 chart, pair rebounded from the 2/8 level. Considering that pair started current correction after rebounding from the 6/8 level, right now it is expected to start new ascending movement. I’ll increase my long position as soon as market breaks the 4/8 level upwards.
EUR GBP, “Euro vs Great Britain Pound”
Just as we expected, pair started new descending movement and broke minimum. During local correction, I opened another sell order. Closest target for bears is at the 0/8 level.
At H1 chart, price is trying to stay below the 3/8 level. If it succeeds, pair will continue falling down towards the 0/8 level. If later market breaks this level, pair may start more serious correction.
XAG USD, “Silver vs US Dollar”
After rebounding from the 4/8 level and daily Super Trend, Silver started falling down again. Most likely, market will continue moving downwards after completing local correction. Target for the next several days is at the 0/8 level.
Instrument is moving in the middle of H1 chart. If later Silver is able to stay below the 3/8 level, price will continue falling down and may reach the 0/8 one in the nearest future.
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 holds near 155.50 after Tokyo CPI inflation eases more than expected
USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
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.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.