Analysis for September 29th, 2015
EURUSD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is still consolidating in the middle. If the market breaks the 4/8 and 3/8 levels and stays below them, the price may resume moving downwards. In this case, I’m planning to open another sell order.
At the H1 chart, the price is moving close to the 4/8 level. In the nearest future, the pair may test the 5/8 level. If it rebounds from this level and stays under Super Trends, the market may start another descending movement.
USDCAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues growing. After rebounding from the 6/8 level, the pair has almost reached the 8/8 one and may break it. In this case, the price will continue growing inside “overbought zone” towards the +2/8 level.
The lines at the H4 and H1 charts are completely the same. The price is supported by Super Trends, which are still influenced by “bullish cross”. It’s highly likely that the pair may reach a new local high on Tuesday.
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