Article By RoboForex.com
Analysis for December 6th, 2013
AUD/USD
Australian Dollar is being corrected and supported by H4 Super Trend. If later price rebounds from it, pair will continue falling down towards the 0/8 one.
At H1 chart, price couldn’t stay inside “oversold zone” for a long time. Possibly, bears may try to break the 0/8 level during the day. If later pair breaks the -2/8 level, lines at the chart will be redrawn.
EUR/JPY
EUR/JPY is still consolidating inside “overbought zone”. Possibly, during the day price may test H4 Super Trend. If price rebounds from it, pair will continue growing up to break +2/8 level.
At H1 chart, Super Trends formed “bearish cross”. Considering that earlier price rebounded from the 6/8 level, in the nearest future market is expected to fall down towards the 2/8 one and then rebound from it.
SILVER
Silver was just several pips away from the 0/8 level, when correction started. Bulls’ first attempt to break daily Super Trend failed, but they may try to test it once again quite soon. Closest target is at the 2/8 level.
Price is moving in the middle of H1 chart. If instrument rebounds from the 3/8 level, price may start new ascending movement. If later bulls are able to keep price above the 5/8 level, instrument will continue growing up towards the 8/8 one.
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.
