Analysis for January 24th, 2013
NZD/USD
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 level.
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
EUR/GBP
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 level.
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.
GBP/CHF
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 level.
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