Article By RoboForex.com
Analysis for November 25th, 2013
AUD/USD
Australian Dollar is still moving downwards; bears are supported by Super Trends. If later price is able to stay below the 3/8 level, pair may continue falling down towards the 0/8 one.
At H1 chart, pair is moving towards the 0/8 level. Most likely, in the nearest future price may start new correction. If later pair rebounds from Super Trends, bears will continue pushing price downwards.
EUR/JPY
Pair is moving inside “overbought zone”. Last Friday, Take Profits on my buy orders worked. During local correction, I opened short-term buy order, because pair may yet continue growing up towards the +2/8 level.
Levels at H4 and H1 charts are completely the same. Stop on my buy order is placed below local minimum. If price breaks this level, as well as H4 Super Trend, market will star new correction.
SILVER
Silver is still moving inside “oversold zone”; price is supported by Super Trends. Probably, instrument may break the -2/8 level during the next several hours. In this case, lines at the chart will be redrawn.
At H1 chart, we can see that price is about to enter “oversold zone” quite soon. Possibly, instrument may break the 0/8 level during the day. Local target is at the -2/8 level.
RoboForex Analytical Department
Article By RoboForex.com
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.
