Article By RoboForex.com
Analysis for November 19th, 2013
AUD/USD
It looks like Australian Dollar is starting new descending movement; pair is moving near H4 Super Trend. If market is able to keep price below it, bears will return.
Pair couldn’t stay above the 4/8 level. If, after completing local correction, price is able to stay below the 3/8 level, then next target for bears will be at the 0/8 one. If they break it, pair will continue falling down.
EUR/JPY
Pair is being corrected, but may start growing up again in the nearest future. Earlier Super Trends formed “bullish cross”. If later price breaks the 5/8 level, market will continue growing up towards the 8/8 one.
Levels at H4 and H1 charts are completely the same; buyers are supported by Super Trends. Possibly, pair may reach new maximum during the day.
SILVER
Bulls couldn’t break H1 Super Trends and price continued falling down. Right now, instrument is trying to enter “oversold zone” and, probably, Silver may try to test the -2/8 level during the next several days. Nevertheless, right now I’m selling with target at the -1/8 level.
At H1 chart, market is also trying to keep price below 0/8 level. Possibly, in the nearest future price may continue moving towards the -2/8 level. If later instrument breaks it, lines at the chart will be redrawn.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Article By RoboForex.com
