Analysis for April 9th, 2015
EURUSD, “Euro vs US Dollar”
After several rebounds from the 6/8 level, the downtrend has resumed. Right now, the market is trying to stay below the daily Super Trend. Probably, later the lines may form “bearish cross”.
As we can see at the H1 chart, the pair may start a local correction. Earlier, Super Trends formed “bearish cross”. If later the pair is supported by the 2/8 level, it may break the 0/8 level and then continue falling inside “oversold zone”.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is trying to get support from the daily Super Trend and the 2/8 level, which means that the market may resume the downtrend very soon and break the previous low. The closest target is still at the -2/8 level.
At the H1 chart, the pair is moving in the middle. If later the market is able to stay below the 2/8 level, I’m planning to open one more sell order. The closest target is at the -2/8 level; after the pair breaks it, the lines at the chart will be redrawn again.
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