Analysis for April 28th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar is trying to rebound from the 6/8 level. If it succeeds, the market may resume moving downwards. After the pair stays under Super Trends, bears will return to the market.
At the H1 chart, bulls have stopped at the 4/8 level. Yesterday the pair rebounded from this level, so this time it may also start a new descending movement from this level. If later the market breaks Super Trends, I’m planning to start selling.
AUDUSD, “Australian Dollar vs US Dollar”
After Australian Dollar rebounded from the 8/8 level and started falling, Super Trends formed “bearish cross”. If the price is able to stay below the 5/8 level, the market will continue moving downwards. In this case, the target will be at the 3/8 one.
At the H1 chart, the pair has rebounded from the H1 Super Trend and right now is trying to stay below the 2/8 level, which means that it may start falling. After the price breaks the 0/8 level, the next target will be at the -2/8 one, which later may be broken as well.
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