Murrey Math Lines 15.01.2016 (EUR/USD, NZD/USD)
15.01.2016
Analysis for January 15th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving sideways. Earlier, after being supported by the 0/8 level, the price rebounded from the daily Super Trend again. In the nearest future, the market may grow towards the 3/8 level.
At the H1 chart, Eurodollar is moving in the middle. Two days ago Super Trends formed “bullish cross”. If the market breaks the 5/8 level and stays above it, the price will continue growing towards the 8/8 one.
NZD USD, “New Zealand Dollar vs US Dollar”
The downtrend continues; bears are supported by Super Trends. The closest target is at the 0/8 level. If the pair rebounds from it, the price may start an ascending correction.
At the H1 chart, the price is moving inside “oversold zone”. Yesterday the pair wasn’t able to stay above the 0/8 level and the H1 Super Trend. On Friday, the market may break the -2/8 level. In this case, the lines at the chart will be redrawn.
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