Analysis for June 6th, 2016
Bulls made a real breakthrough by smashing the 4/8 level. After that, Super Trends formed “bullish cross”, which means that the pair may start a new ascending correction. Consequently, after a short pause, the market may resume growing towards the 6/8 level.
EUR USD, “Euro vs US Dollar”
At the H1 chart, Eurodollar reached the 6/8 level and started a new local correction with a possible target at the H1 Super Trend. If the price rebounds from it, the market may reach the 7/8 level in the nearest future.
NZD JPY, “New Zealand Dollar vs Japanese Yen”The pair rebounded from the daily Super Trend and right now is moving under the 4/8 level. Considering that the price is now below the 3/8 level, it may yet continue moving downwards. Consequently, during the next several days the market may reach the 1/8 level.
At the H1 chart, the pair rebounded from the 1/8 level and started falling. Later, Super Trends formed “bearish cross”. As soon as the market is able to stay below the 5/8 level, the price will continue moving downwards.
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.