Article By RoboForex.com
Analysis for December 13th, 2013
AUD/USD
After rebounding from daily Super Trend and the 2/8 level, Australian Dollar started fast descending movement. Currently, price is moving near lower border of “oversold zone”. Most likely, during the day instrument will break the -2/8 level and lines at the chart will be redrawn.
At H1 chart, pair is being corrected near the 0/8 level; bears are supported by Super Trends. I’ve got three sell orders; stop on them is already in the black. Possibly, market may start new descending movement during Friday.
EUR/JPY
EUR/JPY is still growing up; market has already broken the 7/8 level. Main target is still at the 8/8 level, which may be reached during the next several hours, before the market closes. Stop on my two buy orders is already in the black.
At H1 chart, pair is moving inside “overbought zone” during the day. In the near term, price may consolidate for a while, but later t is expected to continue growing up. If later pair breaks the +2/8 level, lines at the chart will be redrawn.
SILVER
Silver wasn’t able to break the 2/8 level and rebounded from it; Super Trends formed “bearish cross”. Possibly, instrument may enter “oversold zone” quite soon.
Price is moving in the middle of H1 chart and supported by Super Trends. If instrument tis able to stay below the 3/8 level, market will continue falling down towards the 0/8 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.
