Analysis for March 2nd, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar continues moving downwards; the market hasn’t been able to form a correction. After reaching new lows, the pair is expected to continue falling towards level of 1.1000.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is consolidating. After leaving the channel downwards, the price may reach level of 1.5285. This descending movement may be considered a correctional one.
USDCHF, “US Dollar vs Swiss Franc”
Franc continues moving upwards. We think, today the price may reach level of 0.9615. One should note that this ascending movement is the result of regulator’s influence and can stop at any moment. The next downside target is at level of 0.8200; a local one – at 0.8830.
USDJPY, “US Dollar vs Japanese Yen”
Yen has reach the target of another ascending structure. We think, today the price may fall towards level of 119.08. This descending movement may be considered as a part of wave with the target at level of 116.40.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar continue falling. We think, today the price may form a consolidation range. Later, in our opinion, the market may break it downwards and reach level of 0.7700. After that, the pair may return to level of 0.7800.
USDRUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside a descending structure towards level of 57.40. This movement may be considered as the first wave of another descending structure. After that, the pair may start a correction to return to level of 64.00 and then continue falling inside the downtrend.
XAUUSD, “Gold vs US Dollar”
Gold is still moving upwards. Possibly, the price may expand its consolidation channel towards level of 1230. Later, in our opinion, the market may continue falling. The main target is at level of 1113.
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
AUD/USD recovers above 0.6750 after Australian jobs data
AUD/USD picks up a late bid and recovers above 0.6750 in Asian trading on Thursday, following the release of mixed Australian employment data. The extended post-Fed US Dollar recovery, amid a cautious market mood, could limit the pair's upside ahead of US data.
USD.JPY reverses sharply from 144.00, as US Dollar recovery fizzles
USD/JPY is attacking 143.00 in Thursday's Asian session, reversing sharply from 144.00. The pair pares back gains in tandem with the US Dollar, as the latter's post-Fed recovery falters due to a rebound in risk sentiment. The focus is next on the US data due later today and Friday's BoJ decision.
Gold price regains positive traction amid a modest USD pullback from one-week high
Gold price attracts some dip-buying during the Asian session on Thursday and seems to have stalled its retracement slide from the $2,600 mark, or a fresh all-time peak touched the previous day. The US dollar trims a part of its intraday gains to a one-week high, which turns out to be a key factor lending support to the commodity.
Crypto leaders and Congress blast SEC over crypto regulations
In a meeting on Wednesday, several crypto leaders and congress members debunked the Securities and Exchange Commission's harsh regulatory approach toward the crypto industry.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.