Analysis for September 3rd, 2015
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar is still moving downwards. We think, today, the price may reach 1.1020. An alternative scenario suggests that the pair may grow towards 1.1364 and then continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, Pound is falling. We think, today, the price may reach 1.5240 (at least). The possible target of the last descending structure is at 1.4960. This decline without any corrections may be considered as the trend wave with the target at 1.4400.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving upwards. We think, today, the price may reach 0.9730 and then return to 0.9638 to test it from above. After that, the pair may start another growth with the target at 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming an ascending structure. We think, today, the price may reach 121.80 and then return to 120.50 to test it from above. After that, the pair may start another growth with the target at 124.04.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed two ascending impulses. We think, today, the price may form the third one to reach 0.7126 and then continue falling to reach 0.7020. After that, the pair may start another ascending wave with the target at 0.7222.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has broken its consolidation channel upwards. We think, today, the price may grow towards 69.00. After that, the pair may form another descending wave to break minimums and then continue falling to reach 62.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving downwards. We think, today, the price may test 1139 from above and then continue falling to reach 1110, thus completing the correction. After that, the instrument is expected to start another ascending wave with the target at 1215.
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 holds steady above 1.0650, awaits US data and Fed verdict
EUR/USD is trading sideways above 1.0650 amid a softer risk tone and broad US Dollar strength on Wednesday. With European markets closed for Labor Day, the pair awaits the US employment data and the Fed policy announcements for the next directional move.
GBP/USD flatlines below 1.2500 ahead of US data, Fed
GBP/USD is off the lows but stays flatlined below 1.2500 early Wednesday. The US Dollar strength caps the pair's upside amid a cautious mood ahead of the top-tier US employment data and the all-important Fed policy announcements.
Gold treads water below $2,300, as Fed decision looms
Gold price is catching a breather below $2,300 on Wednesday, having hit a fresh four-week low at $2,281. Traders refrain from placing fresh directional bets on Gold price, anticipating the all-important US Federal Reserve interest rate decision due later in the day.
A new stage of Bitcoin's decline
Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.
ADP Employment Change Preview: US private sector expected to add 179K new jobs in April
The ADP report is expected to show the US private sector added 179K jobs in April. A tight labour market and sticky inflation support the Fed’s tight stance. The US Dollar seems to have entered a consolidative phase.