Murrey Math Lines 22.09.2015 (EUR/USD, USD/CAD)

22.09.2015

Analysis for September 22nd, 2015

EUR USD, “Euro vs US Dollar”

At the H4 chart, Eurodollar is trying to stay below the 4/8 level and the daily Super Trend. I’m holding one sell order. If later the market is able to stay below the 3/8 level, I’m planning to increase my short position.



As we can see at the H1 chart, the price has broken the 0/8 level and entered “oversold zone”. Earlier, Super Trends formed “bearish cross”. If later the market breaks the -2/8 level, the lines at the chart will be redrawn.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is attempting to stay above the 5/8 level. Super Trends are still influenced by “bullish cross”. The closest target is at the 8/8 level; after reaching it, the market may start a descending correction.



The lines at the H4 and H1 charts are completely the same. Last Friday, Super Trends formed “bullish cross”. It’s highly likely that the pair may reach a new low during the day.



 
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