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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Analysis of Murray's levels for EUR/USD and AUD/USD on 22.07.2016
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Analysis of Murray's levels for EUR/USD and AUD/USD on 22.07.2016

22.07.2016
Analysis of Murray's levels on July 22, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray's levels for EUR USD "Euro to US Dollar" on July 22, 2016

Euro to US Dollar is traded bellow 4 hour SuperTrends lines. Also price formed pullback from mark 1/8 that indicates on possibility of soon resuming of the pair descending. The nearest target is mark -2/8.



Analysis of Murray's levels for EUR USD "Euro to US Dollar" on July 22, 2016

On 1 hour chart, local correction was resisted by mark 2/8, from which pullback was formed recently. So for the short term market descending towards Murray's level -2/8 is possible.



AUD USD "Australian Dollar to US Dollar"

Analysis of Murray's levels for AUD USD "Australian Dollar to US Dollar" on July 22, 2016

SuperTrends lines formed "bearish cross" that indicates on possibility of resuming of Australian Dollar descending. Because price is traded bellow mark 3/8, then the nearest target is level 0/8, from which beginning of bullish correction is possible in the future.



Analysis of Murray's levels for AUD USD "Australian Dollar to US Dollar" on July 22, 2016

On 1 hour chart price tries to fix bellow level 1/8. Earlier pullback from level 2/8 was formed that allowed price to fix bellow SuperTrends lines. So further breakage of 0/8 and further descending to line -2/8 are possible.

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