Analysis for January 24th, 2013
New Zealand Dollar started a new correction. There is a possibility that the bulls may be supported by the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement. The main target is still at the 8/8
Yesterday the pair left an “overbought zone”. If the pair rebounds from the 6/8
level, the price will start a new ascending movement. After the market breaks the +2/8
level, the lines at the chart will be redrawn
The EUR/GBP currency pair is still consolidating. If the market rebounds from the current levels, the price will start a new ascending movement. The target is at the 8/8
The pair is moving in the middle of the H1 chart; the bulls are supported by the Super Trends’ lines. If the pair rebounds from the lines, the price will start growing up again.
The GBP/CHF currency pair continues consolidating; the bears are supported by the H4 Super Trend’s line. If the market rebounds from the line, the price will start a new descending movement towards the 0/8
The lines at the H4 and the H1 charts are completely the same. We can’t exclude a possibility that the price may continue falling down in the nearest future. Later the 0/8
level may become a starting point of a correction.
RoboForex Analytical Department
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