Analysis for April 14th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still being corrected; price is supported by H4 Super Trend. If pair rebounds from it, market will start new ascending movement towards the 6/8 level.
As we can see at H1 chart, pair was moving between Super Trends for a while, and right now, it is trying to break them upwards. Possibly, price will try to test them once again. Short-term target is at the 4/8 level.
EUR JPY, “Euro vs Japanese Yen”
After rebounding from the 8/8 level twice, pair is starting another descending movement; Super Trends formed “bearish cross”. If later pair breaks the 3/8 level downwards, market will continue falling down towards the 0/8 one.
At H1 chart, price broke the 0/8 level and right now is trying to stay inside “oversold zone”. Probably, pair may continue falling down towards the -2/8 level in the nearest future. If price breaks this level, lines at the chart will be redrawn.
XAG USD, “Silver vs US Dollar”
After rebounding from the 4/8 level and daily Super Trend, Silver may start new descending trend. If price breaks H4 Super Trend downwards, bears will return to the market and I’ll increase my short position.
As we can see at H1 chart, Silver is moving between Super Trends. Earlier price rebounded from the +1/8 level and started moving downwards very fast. Probably, instrument may break the 3/8 level downwards on Monday and then continue falling down towards the 0/8 one.
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