Analysis for January 7th, 2016
After rebounding from the 0/8 level twice, Eurodollar has started an ascending correction. If later the market rebounds from the daily Super Trend, it may continue falling towards the -1/8 level.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, Super Trends have formed “bullish cross”, which means that the current correction may yet continue. If the 4/8 level provides resistance and the pair rebounds from it, I’m planning to open a sell order, but only after the market stays under Super Trends.
USD CAD, “US Dollar vs Canadian Dollar”Canadian Dollar has reached the 8/8 level. However, if the price is able to stay above the H4 Super Trend, the market may yet continue growing. In case the pair breaks the above-mentioned level later, it may move upwards to reach the 1/8 one.
At the H1 chart, the price is moving at the top as well. The current growth is supported by Super Trends. If the pair isn’t able to break the 7/8 level, the market will continue moving upwards.
RoboForex Analytical Department
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