Analysis for October 3rd, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the
2/8 level and right now is moving in the middle of the H4 chart. Consequently, in the nearest future the market may grow towards the
6/8 level. If later the price breaks this level, it may continue growing much higher.
At the H1 chart, the pair is trying to stay above the
8/8 level. Super Trends formed “bullish cross”, which means that in the nearest future the market may grow towards the
+2/8 level. After reaching it, the price may start a new correction.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair is trying to stay below the
4/8 level and the H4 Super Trend. As a result, in the nearest future the market may fall towards the
2/8 level. If the price rebounds from this level, the price will start a new ascending correction.
At the H1 chart, Super Trends formed “bearish cross”. If the price is able to fix under the
3/8 level during the day, the market will continue falling to reach the
0/8 one.
RoboForex Analytical Department