Analysis for March 25th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar is still moving between Super Trends under the 4/8 level. Possibly, after completing the local correction, the pair may move towards the 3/8 level. If the price breaks this level, the market will continue its descending movement.
At the H1 chart, Eurodollar consolidating close to the 7/8 level. On Friday, the pair may grow a little towards Super Trends. If the price rebounds from them, it may resume moving downwards. In this case, the target will be at the 6/8 level.
NZDUSD, “New Zealand Dollar vs US Dollar”
After rebounding from the 4/8 level and the H4 Super Trend, New Zealand Dollar is moving in the middle of the chart. It looks like in the nearest future the market may continue falling. The closest target for bears is at the 2/8 level.
The lines at the H4 and H1 charts are completely the same. The pair has rebounded from the H1 Super Trend and the 4/8 level, which means that it may reach a new local low on Friday. The further descending movement may be difficult because of Super Trends from major timeframes, but if the price breaks them, the market may continue falling.
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 edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.