Analysis for February 27th, 2013
USD/CAD
The market is trying to keep the price inside an “overbought zone”. We can’t exclude a possibility that the pair may try to test the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement towards the
8/8 level.
The pair is moving in the upper part of the H1 chart; the bulls are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may break the
+2/8 level. In this case the lines at the chart will be redrawn.
USD/CHF
Franc is still being corrected inside an “overbought zone”. Earlier the price rebounded from the daily Super Trend’s line. We can’t exclude a possibility that the pair may break the
+2/8 level during Wednesday. In this case the lines at the chart will be redrawn.
At the H1 chart we can see that the pair is very close to the
+2/8 level; the price is supported by the H1 Super Trend’s line. If the pair rebounds from the line, the bulls will break the
+2/8 level. After that the lines at the chart will be redrawn.
EUR/GBP
The pair rebounded from the
8/8 level, which means that the price may start a correction. Now the bears have to break the daily Super Trend’s line and keep the price below it. If they succeed, the pair may start a new down-trend.
At the H1 chart the pair is moving between the Super Trends’ lines, which have already formed “bearish cross”. Right now the price is near the
4/8 level. If the bears are able to keep the price below the
3/8 level, the pair will continue falling down towards the
0/8 one.
RoboForex Analytical Department