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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 04.12.2015 (EUR/USD, AUD/USD)
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Murrey Math Lines 04.12.2015 (EUR/USD, AUD/USD)


Analysis for December 4th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar rebounded from the -2/8 level and started a significant growth, during which the stops on my sell orders worked. Right now, I’m staying out of the market. In the nearest future, the price may start a local correction. If later the market rebounds from the 2/8 level once again, I’m planning to resume selling.

The situation is quite interesting on the H1 chart: with a single ascending movement, the price has broken the distance between the 0/8 and 8/8 levels without any serious corrections. On Friday, the pair may be corrected towards the 6/8 level and then resume growing.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is trying to get back under the 8/8 level and resume its decline. I'm holding a sell order, but planning to increase my position if the pair is able to stay below Super Trends. The closest target is at the 6/8 level.

At the H1 chart, the pair is moving at the top as well. If Super Trends form “bearish cross” and the price breaks the 6/8 level, the pair may continue falling.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.