Analysis for February 15th, 2016
At the H4 chart, Eurodollar is moving between Super Trend, which means that the market may start a new correction. The closest target for bears is at the 3/8 level. If they break it, the price will continue falling much deeper.
EUR USD, “Euro vs US Dollar”
At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 6/8 level and started a new correction. The closest target for sellers is at the 2/8 level. The future scenario depends on how the market will move at this level.
GBP JPY, “Great Britain Pound vs Japanese Yen”The pair hasn’t been able to stay below the 4/8 level and right now is moving above the H4 Super Trend. Consequently, the pair may start an ascending correction. The closest target for bull is at the 6/8 level and the daily Super Trend.
At the H1 chart, Super Trends have formed “bullish cross”. Earlier, the pair rebounded from the -1/8 level. On Monday, the price may continue moving upwards to reach the 4/8 level.
RoboForex Analytical Department
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