Analysis for April 25th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has failed to stay under the 4/8
level on the first try despite “bearish cross” formed by Super Trends earlier. As soon as the market does break the 4/8
level downwards, the price will continue falling.
At the H1 chart, bears faced the resistance from the 0/8
level and the price rebounded from it. On Monday, the local correction towards the 1/8
level may take place. If later the price rebounds from this level, the market may resume falling.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
The pair is still consolidating between the 6/8
levels. If the price is able to stay above the H4 Super Trend and the 6/8
level during the day, the market will continue growing towards its upside targets.
At the H1 chart, Super Trends have formed “bullish cross”. Earlier, the price failed to stay under the 6/8
level and resumed falling. If the pair breaks the 8/8
level, the closest target will be at the +2/8
RoboForex Analytical Department
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