Analysis for December 18th, 2014
EURUSD, “Euro vs US Dollar”
The market has rebounded from the 6/8 level and right now is moving below Super Trends. Also, the price has been able to break the 3/8 level and stay below it, which means that the market may continue falling towards the 0/8 one.
The lines at the H4 and H1 charts are completely the same. Yesterday Super Trends formed “bearish cross”. After completing a local correction, the pair is expected to continue falling towards the 0/8 level.
AUDUSD, “Australian Dollar vs US Dollar”
After rebounding from the H4 Super Trend several times, Australian Dollar is back to falling. Moreover, yesterday the lines at the chart were redrawn. If the price is able to stay below the 3/8 level, the market may fall much deeper.
The pair is moving at the top of the H1 chart; Super Trends are still influenced by “bearish cross”. Probably, the price may reach a new low after completing a local correction.
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