Analysis for January 27th, 2015
EURUSD, “Euro vs US Dollar”
The lines at the H4 chart have been redrawn. The price is still supported by Super Trends. Probably, after completing a local correction the market may be able to stay below the 2/8 level and continue falling towards the 0/8 one.
The price is moving in the middle of the H1 chart. Probably, in the nearest future the price may try to test the 5/8 level. If the market rebounds from it, the pair will continue falling. I’m planning to open one more sell order after the market stays below Super Trends.
NZDUSD, “New Zealand Dollar vs US Dollar”
Day after day, New Zealand Dollar reaches new lows. Earlier Super Trends formed “bearish cross”. Considering that the market is already moving below the 3/8 level, later it is expected to reach the 0/8 one.
The lines at the H4 and H1 charts are completely the same. Possibly, the pair may break its local minimum during the day. I’m planning to open another sell order when the pair rebounds from Super Trends.
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