Analysis for September 23rd, 2016
Yesterday, the EUR/USD pair failed to stay under the daily Super Trend and the 4/8 level and started a new local correction. However, is later the price rebounds from the 3/8 level, the market will resume growing and may reach the 5/8 one.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is consolidating between Super Trends. The closest target of the current local correction is at the 6/8 level. If later the price rebounds from it, the market may start a new ascending movement and break the previous high.
AUD USD, “Australian Dollar vs US Dollar”At the H4 chart, Super Trends formed “bullish cross”. If later the AUD/USD pair is able to stay above the 5/8 level, the market may move upwards a bit to reach the 6/8 one.
After rebounding from the 7/8 level, the pair started a new descending correction. To confirm a new growth, the price has to fix above the 6/8 level. If it happens, the market will continue growing to reach the 8/8 one.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.