Analysis for February 5th, 2016
Eurodollar has reached the 8/8 level and started a new local correction. If this descending movement is supported by the H4 Super Trend, the market may resume growing. in this case, the target will be at the 1/8 level.
EUR USD, “Euro vs US Dollar”
The lines at the H4 and H1 charts are completely the same. The current ascending movement is supported by Super Trends. If later the price breaks the 8/8 level and stays above it, the market will continue moving upwards.
USD CHF, “US Dollar vs Swiss Franc”After rebounding from the 4/8 level, Franc has started falling. Yesterday, Super Trends formed “bearish cross”. In the nearest future, the pair may continue moving downwards. If later the price rebounds from the 1/8 level fast, it may start a new ascending correction.
At the H1 chart, Franc is supported by Super Trends. This morning, the market has already broken yesterday’s low, and may reach the 1/8 level until the end of this trading week.
RoboForex Analytical Department
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