Analysis for February 13th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the daily Super Trend and the 3/8 level several times, Eurodollar is back to falling. If the price is able to stay below the 2/8 level, it may start moving towards the 0/8 one, which is the closest target.
As we can see at the H1 chart, the pair has reached the 7/8 level and Super Trends have formed “bullish cross”. I’m planning to increase my short position as soon as the pair is able to stay below the 5/8 level.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has been moving between Super Trends inside “oversold zone” for quite a long time. If the market rebounds from the 0/8 level again, it may continue falling.
At the H1 chart, Super Trends have formed “bullish cross” during the correction. I’m planning to open another sell order as soon as the pair is able to break Super Trends and stay below the 6/8 level.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The price is still moving upwards, being supported by Super Trends. If the pair is able to stay above the 5/8 level, it may continue growing to reach the 8/8 one and then start a more serious correction.
The lines at the H4 and H1 charts are completely the same. Possibly, the pair has completed a local correction near the H1 Super Trend, and that’s why I’ve decided to open another buy order. However, if the price rebounds from the 7/8 level fast, I’ll close the most of my orders.
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