Analysis for April 21st, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is back to falling. The price has broken Super Trends, which are still influenced by “bearish cross”. If later the pair is able to stay below the 3/8 level, the market may continue falling towards the 0/8 one.
As we can see at the H1 chart, Super Trends formed “bearish cross”. If the price breaks the 6/8 level, the next target for bears will be at the 4/8 one. I opened a short-term order during a local correction and plan to move the stop loss to breakeven as soon as the market starts moving downwards.
AUDUSD, “Australian Dollar vs US Dollar”
After rebounding from the 4/8 level, Australian Dollar is trying to resume falling. Probably, Super Trends may form “bearish cross” during the next several hours. Later the pair may break the 0/8 level and continue falling inside “oversold zone”.
At the H1 chart, the pair is moving in the middle. If the price is able to stay below the 3/8 level, the market will continue moving downwards. I’m planning to open another sell order as soon as it happens.
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