Murrey Math Lines 14.09.2015 (EUR/USD, USD/CAD)
14.09.2015
Analysis for September 14th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to rebound from the 5/8 level. If later the price is able to stay below the 4/8 level, I’m planning to open another sell order. The bears may return to the market as soon as Super Trends form “bearish cross”.
Earlier the pair rebounded from the 2/8 level, but right now the market isn’t able to stay above the 6/8 one, which means that the price may resume falling. It’s highly likely that during the day the pair may break Super Trends and stay below them.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is moving in the middle of the H4 chart. The pair has already rebounded from the 4/8 level. If later the price is able to stay above the 5/8 level, the market may resume moving upwards.
At the H1 chart, the pair is moving at the bottom. It’s highly likely that Super Trends may form “bullish cross” during the day. If later the market breaks the 5/8 level and stays above it, I’m planning to increase my position.
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