Analysis for September 10th, 2015
EUR USD, “Euro vs US Dollar”
On the four-hour chart the price is trading in the middle of the build up of levels, trying to form a retreat from the
4/8 line. If later we will see the price fixing below the SuperTrend lines, I plan to increase the volume of my Short.
The market is trying to push off from the
8/8 level on the hourly chart. The confirmation on the resumption of reduction will be the SuperTrend lines forming the "bearish cross". The immediate goal appears at the
4/8 mark.
USD CAD, “US Dollar vs Canadian Dollar”
The uptrend is still receiving support from the
4/8 line, on which there was already a series or retreats. If the price can hold above
5/8, it will indicate the possibility of further growth to
8/8.
On the hourly chart the SuperTrend lines are under the influence of the "bullish cross". It is likely that soon the price will break through the line
8/8 and will continue growth in the framework of the "overbought zone". In case of breaking
+2/8 we will get a new construction of levels.
RoboForex Analytical Department