Analysis for April 8th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Bulls’ first attempt to keep price inside “overbought zone” failed; they are supported by H4 Super Trend. If Australian Dollar rebounds from it, instrument will move upwards to break the 8/8 level and then continue growing up towards the +2/8 one.
As we can see at H1 chart, Super Trends are still influenced by “bullish cross”. Possibly, bulls may break the 8/8 level during Tuesday. If later market breaks +2/8 level, lines at the chart will be redrawn.
EUR GBP, “Euro vs Great Britain Pound”
Pair is still consolidating; bears are supported by H4 Super Trend. If later bears are able to rebound from it and keep price below the 3/8 level, instrument may continue falling down towards the 0/8 level.
At H1 chart, pair is moving between Super Trends. Earlier price rebounded from the 8/8 level several times. Closest target for bears is at the 4/8 level: if they break it, market will fall down much lower.
XAG USD, “Silver vs US Dollar”
Silver is still consolidating below daily Super Trend, from which price rebounded last Friday. If price is able to stay below the 3/8 level, instrument will continue falling down towards the 0/8 one.
Silver is moving in the middle of H1 chart. Possibly, in the nearest future Super Trends may form “bearish cross”. Closest target is at the 0/8 level; bears may break it quite soon.
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