Analysis for January 15th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar is still moving sideways. Earlier, after being supported by the 0/8 level, the price rebounded from the daily Super Trend again. In the nearest future, the market may grow towards the 3/8 level.
At the H1 chart, Eurodollar is moving in the middle. Two days ago Super Trends formed “bullish cross”. If the market breaks the 5/8 level and stays above it, the price will continue growing towards the 8/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
The downtrend continues; bears are supported by Super Trends. The closest target is at the 0/8 level. If the pair rebounds from it, the price may start an ascending correction.
At the H1 chart, the price is moving inside “oversold zone”. Yesterday the pair wasn’t able to stay above the 0/8 level and the H1 Super Trend. On Friday, the market may break the -2/8 level. In this case, 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
EUR/USD hovers around 1.0700 after German IFO data
EUR/USD stays in a consolidation phase at around 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold price trades with mild negative bias, manages to hold above $2,300 ahead of US data
Gold price (XAU/USD) edges lower during the early European session on Wednesday, albeit manages to hold its neck above the $2,300 mark and over a two-week low touched the previous day.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.