Analysis for April 26th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar is testing the daily Super Trend. If the price rebounds from it, the market may resume falling. If the pair stays under the 4/8 level, it will continue falling towards the 3/8 one.
At the H1 chart, the target of the current ascending correction is at the 2/8 level. If the price rebounds from it and later stays under Super Trends, the market may break the 0/8 level and return into the “oversold zone”.
NZDJPY, “New Zealand Dollar vs Japanese Yen”
The pair is consolidating. Earlier, Super Trends formed “bullish cross”. If later the price is able to stay above the 6/8 level, it will continue growing towards 8/8 one.
At the H1 chart, the pair is moving very close to the “overbought zone”; bulls are supported by Super Trends. In the nearest future, the market may break the 8/8 level and continue moving upwards to reach the +2/8 one.
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