Article By RoboForex.com
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 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 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
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