Murrey Math Lines 26.01.2015 (EUR/USD, NZD/USD)
26.01.2015
Analysis for January 26th, 2015
EUR USD, “Euro vs US Dollar”
The lines at the H4 chart have been redrawn. The market is trying to stay below the 2/8 level; the price is supported by Super Trends. In the near term, the pair may reach the 0/8 level, which may become the starting point of a more serious pullback upwards.
The price is moving in the middle of the H1 chart. If later the pair is able to stay below the 3/8 level, the market will continue falling towards the 0/8 one.
NZD USD, “New Zealand Dollar vs US Dollar”
Day after day, New Zealand Dollar reaches new lows. Earlier Super Trends formed “bearish cross”. Possibly, the price may be able to stay below the 1/8 level during the day, thus allowing bears to push the market deeper.
The lines at the H4 and H1 charts are completely the same. Possibly, the pair may break its local minimum during the day. I opened another sell order when the pair was rebounding from Super Trends.
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