Article By RoboForex.com
Analysis for January 7th, 2014
AUD/USD
Australian Dollar rebounded from trend line, but market couldn’t keep price below Super Trends so far. I’m keeping two sell orders and expecting pair to break the 0/8 level. Target for the next several days is at the -2/8 level.
At H1 chart, price rebounded from the 7/8 level, which may be considered as the first sign of reverse downwards. Possibly, price may break the 4/8 level in the nearest future. If later pair is able to stay below the 3/8 level, price will continue falling down towards the 0/8 one.
EUR/JPY
At H4 chart, EUR/JPY rebounded from Super Trend. The first target for bears will be the 6/8 level. If they break it, pair may start new and deeper correction.
At H1 chart, price is already moving below the 3/8 level and Super Trends, which are in “red zone”. Short‑term target is at 0/8 level, where I’ve placed Take Profits on my sell orders.
SILVER
Silver rebounded from the 0/8 level and Super Trends formed “bullish cross”. During correction, I opened short-term buy order. If market is able to keep price above the 5/8 level, instrument will continue growing up towards the 8/8 one.
At H1 chart, price is still trying to enter “overbought zone”. Possibly, Silver may break the 8/8 level during Tuesday. If later instrument breaks the +2/8 level, lines at the chart will be redrawn.
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.
