Analysis for October 25th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is being corrected under the H4 Super Trend. Earlier, the price fixed below the
3/8 level. Consequently, in the nearest future the market may continue falling towards the
1/8 level.
At the H1 chart, the pair is trying to enter the “oversold zone”. It’s highly likely that in the nearest future the market may break the
0/8 level and then continue falling towards the
-2/8 one.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
In case of the NZD/JPY pair, the current situation is rather interesting. After rebounding from the
8/8 level twice, the market is trying to start a new bearish correction. As a result, during the next several days, the price may continue falling to reach the
6/8 level.
At the H1 chart, the first part of the correction was stopped by the
6/8 level. If the market breaks Super Trends downwards, it may start moving towards the
4/8 level.
RoboForex Analytical Department