Analysis for June 6th, 2016
EUR USD, “Euro vs US Dollar”
Bulls made a real breakthrough by smashing the
4/8 level. After that, Super Trends formed “bullish cross”, which means that the pair may start a new ascending correction. Consequently, after a short pause, the market may resume growing towards the
6/8 level.
At the H1 chart, Eurodollar reached the
6/8 level and started a new local correction with a possible target at the H1 Super Trend. If the price rebounds from it, the market may reach the
7/8 level in the nearest future.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
The pair rebounded from the daily Super Trend and right now is moving under the
4/8 level. Considering that the price is now below the
3/8 level, it may yet continue moving downwards. Consequently, during the next several days the market may reach the
1/8 level.
At the H1 chart, the pair rebounded from the
+1/8 level and started falling. Later, Super Trends formed “bearish cross”. As soon as the market is able to stay below the
5/8 level, the price will continue moving downwards.
RoboForex Analytical Department