Article By RoboForex.com
Analysis for December 2nd, 2013
AUD/USD
During correction, Australian Dollar “touched” my stop on sell order. Considering that current ascending movement is slowing down, I’ve decoded to open one more sell order. Target is still at the 0/8 level. If pair is able to stay below H4 Super Trend, bears will return to the market.
At H1 chart, pair is trying to find support from the 2/8 level. If pair breaks it, price will continue moving downwards. Later market is expected to break the 0/8 level and continue falling down towards the -2/8 one.
EUR/JPY
Pair continues moving upwards; right now price is consolidating inside “overbought zone” and supported by H4 Super Trend. Local target is at the +2/8 level.
At H1 chart, pair is moving between Super Trends. Probably, bulls will break them during the day and continue pushing price upwards to reach the 8/8.
SILVER
Silver is still moving inside “oversold zone”. Considering that current movement looks more like flat pattern, I’ve decided to close my buy order and opened new short position. Possibly, market may break the -2/8 level during the day. In this case, lines at the chart will be redrawn.
Price is moving in the middle of H1 chart. In the near term, Silver may break the 0/8 level and enter “oversold zone”. If later instrument breaks the -2/8 level, lines at the chart will be redrawn.
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.
