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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 19.11.2015 (EUR/USD, NZD/USD)
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Murrey Math Lines 19.11.2015 (EUR/USD, NZD/USD)


Analysis for November 19th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has started another correction. It’s highly likely that in the nearest future the market may test the 0/8 level. If the pair rebounds from this level, it may resume falling towards the -2/8 one.

At the H1 chart, the predicted target of the correction is at the 4/8 level. If the price rebounds from this level and is able to stay below Super Trends, I’m planning to open another sell order.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar is also being corrected. If the price rebounds from the daily Super Trend, the market may resume its decline. The closest target is still at the 0/8 level.

At the H1 chart, the pair is moving between Super Trends. It’s highly likely that the price may rebound from the 7/8 level. If it succeeds and then stays below the 5/8 level, I’m planning to start selling again.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.