Murrey Math Lines 15.09.2015 (EUR/USD, NZD/USD)
15.09.2015
Analysis for September 15th, 2015
EUR USD, “Euro vs US Dollar”
Yesterday Eurodollar rebounded from the 5/8 level. Considering that the ascending correction started from the 3/8 level, yesterday’s rebound from the 5/8 one indicates that the pair may resume falling. I’m planning to increase my position as soon as the price stays below the H4 Super Trend.
As we can see at the H1 chart, the pair has rebounded from the 6/8 level. It’s highly likely that during the day Super Trends may form “bearish cross”. The closest target is at the 4/8 level: if the market breaks it, the price may fall deeper.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar is still moving in the middle of the chart. Super Trends are influenced by “bearish cross”. I’m planning to increase my short position as soon as the market stays below the 3/8 level.
At the H1 chart, the closest target is at the 0/8 level. Later, from this level the pair may start a local ascending correction, which may be supported by the 2/8 one. If the market rebounds from it, I’ll increase my short position.
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