Analysis of Murray's level on September 13, 2016
EUR/USD "Euro vs US Dollar"
Euro-US Dollar pair consolidates on the Murray level 4/8 and SuperTrend lines. During the day we expect further price fluctuation within current flat, however, it is possible that we would see quotes descending again. The nearest goal is the mark at 2/8.
Pretty much the same we have on the 1 hour chart. SuperTrend lines have crossed at the same level, which reflects consolidation during several past days. If we saw the price settled below the mark at 3/8, then it would be a confirmation that bears are raising their heads and getting back to the market.
AUD/USD "Australian dollar vs US Dollar"
For Aussie we have SuperTrend lines that have formed "Bear cross", however, the price has failed the first try to settle below the mark 3/8. If we saw the pair below that level, then there would be a solid perspective towards further descending.
On 1 hour chart, we had seen bouncing from the level 2/8 that has triggered a correction. It is quite possible that market will test again the mark at 4/8. And if we saw a bouncing one more time, then we would have a good signal of descending movement.
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Editors’ Picks
EUR/USD extends its downside below 1.0650 on hawkish Fed remarks
The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session. The hawkish comments from Federal Reserve officials provide some support to the US Dollar.
GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data
The GBP/USD pair remains on the defensive near 1.2430 during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar as the strong US economic data and hawkish remarks from the Federal Reserve officials have triggered the speculation that the US central bank will delay interest rate cuts to September.
USD/JPY breaches 154.00 as sell-off intensifies on Israel-Iran escalation
USD/JPY is trading below 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments.
Editors’ Picks
AUD/USD tumbles toward 0.6350 as Middle East war fears mount
AUD/USD has come under intense selling pressure and slides toward 0.6350, as risk-aversion intensifies following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar.
USD/JPY breaches 154.00 as sell-off intensifies on Israel-Iran escalation
USD/JPY is trading below 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments.
Gold price jumps above $2,400 as MidEast escalation sparks flight to safety
Gold price has caught a fresh bid wave, jumping beyond $2,400 after Israel's retaliatory strikes on Iran sparked a global flight to safety mode and rushed flows into the ultimate safe-haven Gold. Risk assets are taking a big hit, as risk-aversion creeps into Asian trading on Friday.
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.
Israel vs. Iran: Fear of escalation grips risk markets
Recent reports of an Israeli aerial bombardment targeting a key nuclear facility in central Isfahan have sparked a significant shift out of risk assets and into safe-haven investments.
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