RoboForex
Murrey Math Lines 21.09.2015 (EUR/USD, USD/CAD)
21.09.2015Analysis for September 21st, 2015
Eurodollar is moving under the H4 Super Trend again. If later the price breaks the 4/8 level and stays below it, the pair may resume falling. The next target for bears is at the 0/8 level: after reaching it, the market may start a new ascending correction.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, last Friday, Super Trends formed “bearish cross”. it’s highly likely that the price may break the 0/8 level quite soon and enter “oversold zone”. I’m holding one sell order and planning to increase my short position later.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar has made a fast ascending movement and broken the 4/8 level. Super Trends are still influenced by “bullish cross”. If the pair breaks the 5/8 level and stays above it, the market may continue moving upwards to reach the 8/8 one.
The lines at the H4 and H1 charts are completely the same. At the end of the last week, Super Trends formed “bullish cross”. I’m planning to open another buy order during the next correction.
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