Analysis for February 15th, 2016
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving between Super Trend, which means that the market may start a new correction. The closest target for bears is at the 3/8
level. If they break it, the price will continue falling much deeper.
At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 6/8
level and started a new correction. The closest target for sellers is at the 2/8
level. The future scenario depends on how the market will move at this level.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The pair hasn’t been able to stay below the 4/8
level and right now is moving above the H4 Super Trend. Consequently, the pair may start an ascending correction. The closest target for bull is at the 6/8
level and the daily Super Trend.
At the H1 chart, Super Trends have formed “bullish cross”. Earlier, the pair rebounded from the -1/8
level. On Monday, the price may continue moving upwards to reach the 4/8
RoboForex Analytical Department
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