Analysis for March 2nd, 2015
EUR USD, “Euro vs US Dollar”
Euro is trying to continue its descending movement, which it started last week. The price has broken the 4/8level, and if later bears are able to stay below the 3/8 level, the market may continue falling towards the 1/8one.
As we can see at the H1 chart, after breaking the 0/8 level, the pair is trying to stay inside “oversold zone”. During a local correction last Friday, I opened an additional sell order. In the future, the price may break the-2/8 level. In this case, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has broken the 0/8 level and right now is moving inside “oversold zone”. Super Trends are still influenced by “bearish cross”. In the near term, the market may continue falling towards the -2/8 level and even break it.
At the H1 chart, the pair is attempting to stay below the 3/8 level. If bears succeed, the price will continue falling towards the 0/8 level. During a correction, I’ve opened another sell order.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
No comments:
Post a Comment