Article By RoboForex.com
Analysis for December 27th, 2013
AUD/USD
Australian Dollar is still being corrected; it looks like price is going to test daily Super Trend. If pair rebounds from it, market will start new descending movement towards the -2/8 level.
At H1 chart, price broke the 4/8 level. Possibly, Super Trends may form “bullish cross” in the nearest future. If price isn’t able to stay above the 5/8 level for a long time, bears will have a chance to start new descending movement.
NZD/JPY
NZD/JPY is still moving above the Super Trends. Considering that market is already moving above the 5/8 level, price may continue growing up. Closest target is at the 8/8 level.
At H1 chart, price rebounded from Super Trend once again. Possibly, bulls may enter “overbought zone” during Friday. After price breaks the +2/8 level, lines at the chart will be redrawn.
SILVER
Silver was able to start new ascending movement, that’s why I closed my sell order and opened a buy one. Super Trends formed “bullish cross”. In the near term, market may break maximum, but if instrument isn’t able to stay above it, bears may continue descending movement.
At H1 chart, Silver is moving above the 5/8 level, which means that it may continue growing up towards the 8/8 one. Most likely, bulls will break this level and ascending movement will continue up to the +1/8 level, at least.
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.
