Analysis for February 28th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar was able to rebound from the 6/8 level and right now is moving above daily Super Trend. I’ve got two buy order so far, but after price breaks the 8/8 level I’m planning to open the third one. Closest target is at the +2/8 level.
At H1 chart, price rebounded from the 4/8 level and right now is moving between Super Trends. It looks like bulls are going to continue pushing price towards the 8/8 level during the day.
CAD CHF, “Canadian Dollar vs Swiss Franc”
Pair is trying to stay below the 3/8 level. Earlier, market couldn’t keep price above H4 Super Trend. Possibly, instrument may break local minimum in the nearest future. Main target is at the 0/8 level.
Price is moving in lower part of H1 chart. Yesterday, Super Trends formed “bearish cross”. Probably, pair may enter “oversold zone” during the day.
XAG USD, “Silver vs US Dollar”
Despite the fact that Siler rebounded from daily Super Trend, it is still moving between Super Trends. If later price beaks them upwards, I’ll increase my long position with target at the +2/8 level.
At H1 chart, Silver rebounded from the 4/8 level. If price breaks the 6/8 level upwards, bulls will return to the market. In this case, their next target will be the 8/8 level and “overbought zone”.
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