Analysis for December 11th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar hasn’t been able to stay above the 2/8 level and right now is moving below it again, which means that the market may resume moving downwards. Moreover, the price is under the H4 Super Trend. The closest target for bears is at the 0/8 level.
The lines at the H4 and H1 charts are completely the same. Super Trends have formed “bearish cross”. On Friday, Eurodollar may resume its decline and break the yesterday’s low.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar has rebounded from the 7/8 level four times, which means that it may start a descending correction, at least. If the pair breaks Super Trends and stays below them, the market may continue falling.
At the H1 chart, the current ascending correction faced resistance from the 6/8 level. Quite soon, the pair may break the 4/8 level and Super Trends may form “bearish cross”. If it happens, I’ll increase my short position.
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: Further losses retarget the 200-day SMA
Further gains in the greenback and a bearish performance of the commodity complex bolstered the continuation of the selling pressure in AUD/USD, which this time revisited three-day lows near 0.6560.
EUR/USD: Further weakness remains on the cards
EUR/USD added to Tuesday’s pullback and retested the 1.0730 region on the back of the persistent recovery in the Greenback, always against the backdrop of the resurgence of the Fed-ECB monetary policy divergence.
Gold flirts with $2,320 as USD demand losses steam
Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.
Bitcoin price dips to $61K range, encourages buying spree among BTC fish, dolphins and sharks
Bitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade. In this shakeout moment, data shows that large holders are using the correction to buy up BTC.
Navigating the future of precious metals
In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason and JP Cortez shared their expert analysis on the dynamics of the gold and silver markets and discussed legislative efforts to promote these metals as sound money in the United States.