Analysis for September 13th, 2013
AUD/USD
Australian Dollar is still being corrected. Yesterday my pending buy order worked, the stop is already in the black. Most likely, in the nearest future the price will continue forming the correction. However, I’ve placed a pending buy order a bit above the latest local maximum.
The lines at the H4 and H1 charts are completely the same; the Super Trends formed “bearish cross”. A local target is at the 6/8 level; if the price rebounds from it, the pair will start a new ascending movement.
EUR/GBP
The pair is still consolidating; the bears are supported by the H4 Super Trend and the 2/8 level. If the market rebounds form these levels, the pair will start a new descending movement towards the 0/8 level.
The pair is moving in the middle of the H1 chart. Earlier the Super Trends formed “bearish cross”. The intermediate target for the sellers is at the 0/8 level.
GBP/CHF
The pair is moving inside an “overbought zone”. If the price rebounds from the H4 Super Trend, the market will start a new ascending movement. The short-term target is at the +2/8 level. After the price breaks it, the lines at the chart will be redrawn.
At the H1 chart, the Super Trends formed “bullish cross”. Considering that the market is already moving above the 5/8 level, it may continue growing up. The target for the next several days is at the 8/8 level.
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