Analysis for April 1st, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is moving in the middle of the H4 chart. Earlier the market was able to stay below Super Trends, which may form “bearish cross” in the nearest future. The pair will continue falling as soon as the pair is able to stay below the 3/8 level.
As we can see at the H1 chart, the pair is trying to break the 0/8 level; bears are supported by Super Trends. Probably, in the future the price may continue falling inside “oversold zone” towards the -2/8 level.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound has been able to stay below the H4 Super Trend and the 2/8 level. In the nearest future, the pair may break the 0/8 level and then test the -1/8 one, which may later become the starting point of a new short-term correction.
The pair is moving at the bottom of the H1 chart. If the price is able to stay below the 0/8 level, it may continue falling inside “oversold zone”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
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Editors’ Picks
AUD/USD remained bid above 0.6500
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Gold holds around $2,330 after dismal US data
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Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
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