Murrey Math Lines 24.04.2015 (EUR/USD, USD/CAD)
24.04.2015
Analysis for April 24th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to start an ascending correction. Super Trends have formed “bullish cross”, which means that the pair may grow, al least for a while. During a local pullback, I opened a buy order with the target at the 6/8 level.
At the H1 chart, the pair is moving at the top. Most likely, the price will break the +2/8 level and the lines at the chart will be redrawn. I’m planning to move the stop loss on my order to breakeven as soon as the price breaks yesterday’s high.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, Canadian Dollar is moving in the middle. Super Trends are still influenced by “bearish cross” and provide support. During a local correction, I opened a sell order with the target at the 2/8 level.
At the H1 chart, the price is being corrected inside “oversold zone”. Yesterday Super Trends formed “bearish cross”. The closest target is at the -2/8 level. If the pair breaks it, the lines at the chart will be redrawn.
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