Analysis for September 16th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the
5/8 level and right now is moving below the H4 Super Trend. I’m planning to increase my short position as soon as the price breaks the
4/8 level and stays below it. The closest target is at the
2/8 level.
As we can see at the H1 chart, Super Trends have formed “bearish cross”. The local target is at the
4/8 level: if the market breaks it, the price may fall deeper. Earlier, the pair rebounded from the
6/8 level and started the current ascending correction
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is still consolidating. In the past few weeks, the pair rebounded from the
4/8 level several times. The closest target is at the
8/8 level: if the pair breaks it, the market may continue moving upwards inside “overbought zone”.
At the H1 chart, the pair is moving in the middle. If later the market breaks the
5/8 level, the price will continue growing much higher.
RoboForex Analytical Department