Analysis for October 6th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating. Yesterday, the price rebounded from the
4/8 level and right now is testing the H4 Super Trend. If the price is able to fix above the
3/8 level, the market may move upwards to reach the
5/8 one.
At the H1 chart, the pair rebounded from the
5/8 level and Super Trends formed “bullish cross”. In the nearest future, bulls may attempt to break the
8/8 level once again.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is moving close to the
8/8 level. If the price can’t fix above this level, it may start falling. In this case, the closest target will be at the
6/8 level and the daily Super Trend.
At the H1 chart, the pair is moving in the middle. Earlier, the price rebounded from the
5/8 level several times. If later the market stays below the
3/8 level, it will move downwards to reach the
0/8 one.
RoboForex Analytical Department