Data Analysis
The data released by Bureau of Census for Durable Goods Orders Excluding Transportation on 27th September, 2019 has come in at an increase to -0.1% for August 2019. Compared to the previous release for July 2019 at -1.1%, we can see that business confidence has decreased but at a slower rate month over month.
To see the impact and volatility of ETH's price during the Durable Orders Ex Transportation release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 79,660 ETH with prices swinging between 164.14 and 167.05, representing a swing of 1.74%. Subsequently, the trading volume increased considerably by 77% to 140,839 ETH. Price action ranged from a low of 161.03 to a high of 166.94, a significant difference of 3.54%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 4,651 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 165.49 to a high of 166.08, a 0.36% change. Immediately following, trading volume remain relatively similar at 4,643 ETH. At this time, Ethereum hit a low of 165.38 with a high of 166.45, a significant change of 0.64%.
About Durable Goods Orders Excluding Transportation
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders ex transportation reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) excluding transportation equipment in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
ETH-USDT
Ethereum
Open
165.85Close
173.7524h Change
7.90 (4.55%)24h High
176.7224h Low
161.0324h Volume
638,169 ETHUS Durable Goods Orders Excluding Transportation
Bureau of Census
27th September, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 165.85 | 165.89 | 165.72 | 165.86 | 0.01% | 0.10% | 203 ETH |
| During | 165.85 | 166.00 | 165.82 | 165.88 | 0.02% | 0.11% | 373 ETH |
| 5 Minutes | |||||||
| Before | 165.88 | 165.94 | 165.70 | 165.86 | -0.01% | 0.14% | 1,156 ETH |
| During | 165.85 | 166.45 | 165.73 | 166.24 | 0.23% | 0.43% | 2,209 ETH |
| 10 Minutes | |||||||
| Before | 165.89 | 166.03 | 165.70 | 165.86 | -0.02% | 0.20% | 2,455 ETH |
| During | 165.85 | 166.45 | 165.60 | 165.67 | -0.11% | 0.51% | 3,579 ETH |
| 15 Minutes | |||||||
| Before | 165.68 | 166.08 | 165.49 | 165.86 | 0.11% | 0.36% | 4,651 ETH |
| During | 165.85 | 166.45 | 165.38 | 165.41 | -0.27% | 0.64% | 4,643 ETH |
| 30 Minutes | |||||||
| Before | 165.40 | 166.08 | 164.99 | 165.86 | 0.28% | 0.66% | 12,383 ETH |
| During | 165.85 | 166.45 | 165.33 | 165.43 | -0.25% | 0.67% | 7,567 ETH |
| 1 Hour | |||||||
| Before | 165.23 | 166.08 | 164.14 | 165.86 | 0.38% | 1.17% | 22,789 ETH |
| During | 165.85 | 166.45 | 165.33 | 165.84 | -0.01% | 0.67% | 13,263 ETH |
| 2 Hours | |||||||
| Before | 166.58 | 166.98 | 164.14 | 165.86 | -0.43% | 1.70% | 44,779 ETH |
| During | 165.85 | 166.94 | 164.59 | 165.38 | -0.28% | 1.41% | 38,722 ETH |
| 4 Hours | |||||||
| Before | 166.84 | 167.05 | 164.14 | 165.86 | -0.59% | 1.74% | 79,660 ETH |
| During | 165.85 | 166.94 | 161.03 | 166.00 | 0.09% | 3.54% | 140,839 ETH |
| 6 Hours | |||||||
| Before | 165.04 | 167.80 | 164.14 | 165.86 | 0.49% | 2.18% | 132,452 ETH |
| During | 165.85 | 168.52 | 161.03 | 167.45 | 0.96% | 4.44% | 195,448 ETH |
| 8 Hours | |||||||
| Before | 165.85 | 167.80 | 163.61 | 166.87 | 0.61% | 2.50% | 149,001 ETH |
| During | 166.84 | 167.05 | 161.03 | 166.00 | -0.51% | 3.60% | 220,499 ETH |
| 12 Hours | |||||||
| Before | 165.85 | 167.80 | 163.61 | 165.86 | 0.01% | 2.50% | 228,660 ETH |
| During | 165.85 | 176.72 | 161.03 | 173.75 | 4.55% | 8.88% | 409,509 ETH |
