Analysis of Murray's levels for EUR/USD and AUS/USD on 13.07.2016
13.07.2016
Analysis of Murray's levels on July 13, 2016
EUR USD "Euro to US Dollar"
Pair is traded again under 4 hour SuperTrend. More over, pullback from Murray's mark 2/8 was formed. So, in the short term, resuming of market declining towards -2/8 mark is possible.
On 1 hour chart, SuperTrends lines formed "bearish cross". Earlier, we saw pullback from 4/8 mark towards current declining. If during the day price is under 3/8 level, way for further declining towards 0/8 will be opened.
AUD USD "AUS Dollar to US Dollar"
It is quite interesting situation for AUS Dollar, because price formed double pullback from level +1/8 Then, if further we see breakage and price fixed under 0/8 mark, resuming of the pair declining will be possible.
On 1 hour chart, price formed pullback from 7/8 mark that indicates possibility of beginning of declining correction as minimum. Price fixed bellow SuperTrends lines and breakage will confirm the beginning of declining.
EUR USD "Euro to US Dollar"
Pair is traded again under 4 hour SuperTrend. More over, pullback from Murray's mark 2/8 was formed. So, in the short term, resuming of market declining towards -2/8 mark is possible.
On 1 hour chart, SuperTrends lines formed "bearish cross". Earlier, we saw pullback from 4/8 mark towards current declining. If during the day price is under 3/8 level, way for further declining towards 0/8 will be opened.
AUD USD "AUS Dollar to US Dollar"
It is quite interesting situation for AUS Dollar, because price formed double pullback from level +1/8 Then, if further we see breakage and price fixed under 0/8 mark, resuming of the pair declining will be possible.
On 1 hour chart, price formed pullback from 7/8 mark that indicates possibility of beginning of declining correction as minimum. Price fixed bellow SuperTrends lines and breakage will confirm the beginning of declining.
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