Analysis for September 22nd, 2016
EUR USD, “Euro vs US Dollar”
Yesterday, the EUR/USD pair failed to stay under the
3/8 level and started a fast growth. The price has already broken the daily Super Trend and the
4/8 level, and it is able to fix above them, the market will continue growing towards the
5/8 one.
At the H1 chart, the pair is trying to fix inside the “overbought zone”. If later the price rebounds from the
+1/8 level, the market may start a new correction with the target at the
8/8 one.
AUD USD, “Australian Dollar vs US Dollar”
After rebounding twice from the
2/8 level, the AUD/USD pair started a correction as well, and, as a result, Super Trends formed “bullish cross”. However, if later the price rebounds from the
6/8 level, the market may start a new local correction towards the
5/8 one.
At the H1 chart, the closest target is at the
8/8 level. If the pair bounces from this level, it may start a new descending correction. However, if later the market rebounds from the
6/8 level upwards, the price will continue growing and break the
8/8 one.
RoboForex Analytical Department