Analysis for August 28th, 2015
EURUSD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving in the middle between Super Trends, which may form “bearish cross” in the nearest future. If the pair breaks the 3/8 level and stays below it, the market will continue falling.
The lines at the H4 and H1 charts are completely the same. The current decline is supported by Super Trends. I’m planning to increase my position as soon as the pair breaks the 4/8 level and stays below it.
USDCAD, “US Dollar vs Canadian Dollar”
Canadian Dollar has been supported by the 4/8 level If later the price is able to stay above the H4 Super Trend, I’m planning to open another buy order with the target at the 8/8 level.
At the H1 chart, the price is also moving in the middle. If the pair breaks the 5/8 level and stays above it, the market will continue growing towards the 8/8 one. However, if the pair doesn’t break the 7/8 level on the first try, the market may start a correction.
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