Analysis for April 29th, 2015
Eurodollar continues moving upwards quite steadily. Earlier Super Trends formed “bullish cross”. Right now, the market is being corrected at the 6/8 level, and, considering that reverses hardly ever occur here, may continue growing towards the 8/8 one.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is moving in the middle; bulls are supported by Super Trends. If the price is able to stay above the 5/8 level, the market will continue growing towards the 8/8 one.
USD CAD, “US Dollar vs Canadian Dollar”Yesterday Canadian Dollar broke the minimum and was able to stay below the 3/8 level, thus allowing the pair to continue falling much deeper. During a local correction, I opened another sell order. The closest target is at the 2/8 level.
At the H1 chart, the price is being corrected above the 5/8 level. If the market rebounds from the H1 Super Trend, it may reach the 4/8 level during the day. We should note that if the pair breaks this level, the market will fall much deeper.
RoboForex Analytical Department
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