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Murrey Math Lines 12.11.2015 (EUR/USD, USD/CAD)

12.11.2015

Analysis for November 12th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to stay below Super Trends and inside “oversold zone”. The closest target is at the -2/8 level: if they break it, the lines at the chart will be redrawn.



At the H1 chart, Eurodollar is also moving at the bottom. I’m planning to increase my short position as soon as Super Trends form “bearish cross”. The short-term target is at the -2/8 level.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is trying to rebound from the H4 Super Trend. In addition to that, the market has been able to stay above the 5/8 level, which means that it may continue moving upwards to reach the 8/8 one.



The lines at the H4 and H1 charts are completely the same. Super Trends are still influenced by “bullish cross”. It looks like the market may reach a new local high on Thursday.



 
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