Murrey Math Lines 15.10.2015 (EUR/USD, AUD/USD)
15.10.2015
Analysis for October 15th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the 8/8 level, which means that it may resume falling. The closest target is at the daily Super Trend. If the market breaks it, the price may fall much deeper.
As we can see at the H1 chart, Super Trends have formed “bearish cross”. The closest target is at the 3/8 level. After reaching this level, the market may start an ascending correction, during which I’m planning to open another sell order.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has rebounded from the 8/8 level and right now is trying to stay below Super Trends. If later the price breaks the 6/8 level, the market will continue falling towards the 4/8 one.
The lines at the H4 and H1 charts are completely the same. If Super Trends form “bearish cross”, the price will move downwards. It’s highly likely that the market may test the 4/8 level quite soon. If the pair breaks this level, it may continue falling much deeper.
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