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Murrey Math Lines 14.10.2015 (EUR/USD, AUD/USD)

14.10.2015

Analysis for October 14th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to rebound from the 7/8 level. If the price succeeds and stays below Super Trends, I’m planning to open another sell order. In this case, the closest target will be at the 5/8 level.



At the H1 chart, the pair is moving below the 3/8 level. Probably, the price is about to reverse. If Super Trends form “bearish cross”, the market may resume its decline.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken the 8/8 level and right now is moving between Super Trends. After the price breaks the 6/8 level and stays below it, I’m planning to increase my position with the target at the 4/8 one.



The lines at the H4 and H1 charts are completely the same. Super Trends have formed “bearish cross”. It looks like the market is going to break yesterday’s low during the day.



 
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