Analysis for December 19th, 2016
The EUR/USD pair continues falling. Earlier, the price rebounded from the 5/8 level and Super Trends formed “bearish cross”. If the price is able to stay below the 2/8 level in the nearest future, the market may resume moving downwards to reach the 0/8 one.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair rebounded from the 5/8 level started a new correction. If later the price rebounds from the H4 Super Trend and the 6/8 level, the market may start a new descending movement towards the 4/8 one.
The AUD/USD pair fixed inside the “oversold zone” below the 0/8 level. Earlier, Super Trends formed “bearish cross”. As a result, in the nearest future the market may continue falling towards the -2/8 level. In case this level is broken, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
At the H1 chart, the pair rebounded from the H1 Super Trend, which means that it may reach a new local low. Consequently, on Monday the market may break the -2/8 level. In this case, the lines at the chart will be redrawn.
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.