Data Analysis
The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 4th September, 2020 has come in at a decrease to 2M for August 2020. Compared to the previous release for July 2020 at 2M, we can see that labour market is still increasing but slowed month over month.
To see the impact and volatility of SOL's price during the Non-Farm Payrolls 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 231,044 SOL with prices swinging between 3.52 and 3.80, representing a swing of 7.37%. Subsequently, the trading volume increased significantly by 137% to 547,933 SOL. Price action ranged from a low of 3.17 to a high of 3.62, a significant difference of 12.43%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 47,343 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 3.52 to a high of 3.63, a 3.03% change. Immediately following, trading volume decreased by 55% to 21,200 SOL. At this time, Solana hit a low of 3.50 with a high of 3.55, a change of 1.41%.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
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.
SOL-USDT
Solana
Open
3.74Close
3.5824h Change
-0.16 (-4.47%)24h High
3.8324h Low
3.1724h Volume
1.982M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
4th September, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3.52 | 3.52 | 3.52 | 3.52 | 0.00% | 0.00% | 395 SOL |
| During | 3.52 | 3.54 | 3.52 | 3.54 | 0.56% | 0.56% | 2,388 SOL |
| 5 Minutes | |||||||
| Before | 3.53 | 3.53 | 3.52 | 3.52 | -0.28% | 0.28% | 1,477 SOL |
| During | 3.52 | 3.55 | 3.52 | 3.55 | 0.85% | 0.85% | 8,733 SOL |
| 10 Minutes | |||||||
| Before | 3.54 | 3.55 | 3.52 | 3.52 | -0.57% | 0.85% | 4,813 SOL |
| During | 3.52 | 3.55 | 3.50 | 3.50 | -0.57% | 1.41% | 17,729 SOL |
| 15 Minutes | |||||||
| Before | 3.63 | 3.63 | 3.52 | 3.52 | -3.13% | 3.03% | 47,343 SOL |
| During | 3.52 | 3.55 | 3.50 | 3.51 | -0.28% | 1.41% | 21,200 SOL |
| 30 Minutes | |||||||
| Before | 3.57 | 3.66 | 3.52 | 3.52 | -1.42% | 3.83% | 70,337 SOL |
| During | 3.52 | 3.58 | 3.50 | 3.57 | 1.40% | 2.23% | 34,355 SOL |
| 1 Hour | |||||||
| Before | 3.62 | 3.66 | 3.52 | 3.52 | -2.84% | 3.83% | 92,234 SOL |
| During | 3.52 | 3.58 | 3.50 | 3.56 | 1.12% | 2.23% | 57,203 SOL |
| 2 Hours | |||||||
| Before | 3.74 | 3.75 | 3.52 | 3.52 | -6.25% | 6.13% | 143,763 SOL |
| During | 3.52 | 3.62 | 3.43 | 3.43 | -2.62% | 5.25% | 146,645 SOL |
| 4 Hours | |||||||
| Before | 3.65 | 3.80 | 3.52 | 3.52 | -3.69% | 7.37% | 231,044 SOL |
| During | 3.52 | 3.62 | 3.17 | 3.32 | -6.02% | 12.43% | 547,933 SOL |
| 6 Hours | |||||||
| Before | 3.54 | 3.80 | 3.47 | 3.52 | -0.57% | 8.68% | 452,620 SOL |
| During | 3.52 | 3.62 | 3.17 | 3.47 | -1.44% | 12.43% | 662,265 SOL |
| 8 Hours | |||||||
| Before | 3.74 | 3.83 | 3.47 | 3.65 | -2.47% | 9.40% | 937,895 SOL |
| During | 3.65 | 3.80 | 3.17 | 3.32 | -9.94% | 16.58% | 778,978 SOL |
| 12 Hours | |||||||
| Before | 3.74 | 3.83 | 3.47 | 3.52 | -6.25% | 9.40% | 1.169M SOL |
| During | 3.52 | 3.70 | 3.17 | 3.58 | 1.68% | 14.32% | 813,013 SOL |
