Analysis for March 25th, 2015

EUR USD, “Euro vs US Dollar”

The market continues testing the 6/8 level. Earlier the price started a correction from the 2/8 level, which means that the market may resume moving downwards. This is why I keep holding my sell order.

EURUSD

The lines at the H4 and H1 charts are completely the same. The pair hasn’t been able to stay above the 6/8. I’m planning to open another sell order as soon as the price breaks Super Trends and stays below them.

EURUSD


NZD JPY, “New Zealand Dollar vs Japanese Yen”

The price is still being corrected. Considering that earlier the market was able to stay above the 5/8 level, it may continue moving upwards. The closest target is at the 7/8 level: if bulls break it, they will continue moving to test the 8/8 one.

NZDJPY

The lines at the H4 and H1 charts are completely the same. The current ascending movement is supported by Super Trends. As soon as the market breaks the maximum, I’m planning to move the stop loss on my buy order to the level where it was opened.

NZDJPY

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