Article By RoboForex.com
AUD/USD
At daily chart, Australian Dollar is moving inside bearish trend; price is supported by Super Trend. If price rebounds from it, pair will start new descending movement. Closest target is at 0.8550.
At H4 chart, price is just several tens of pips away from breaking the 0/8 level and entering “oversold zone”. Possibly, price may try to test the -2/8 level in the beginning of the next year.
EUR/JPY continues moving upwards fast; last Friday bulls were able to keep price above the 6/8 level. If they don’t face any significant resistance from the 7/8 level, price will reach the 8/8 one quite soon.
At H4 chart, price is moving inside “overbought zone” and supported by Super Trends. After pair breaks the +2/8 level, lines at the chart will be redrawn.
Silver is being corrected; I’ve got one buy order, and one stop order, in case price starts falling down fast. Instrument isn’t likely to stay above local maximum for a long time.
Silver is moving in the middle of H4 chart. If price is able to stay below Super Trends, bears may return to the market. Probably, instrument may break the 0/8 level quite soon.
RoboForex Analytical Department
Article By RoboForex.com
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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.