Murray levels analysis on 23 December 2015
EUR USD "Euro to the US dollar"
The Euro Dollar has formed a retreat from the 2/8
level. If subsequently the price consolidates below the four-hour SuperTrend, it will be the first signal for the resumption of the downward movement. The immediate target in this case will be the 0/8
On the hourly chart the price rebounded from the 4/8
mark and has traded below the SuperTrend lines that may soon form a "bearish cross". If the market can stay below the 3/8
mark, I plan to enter into additional shorts.
USD CAD "The US dollar to Canadian dollar"
The Canadian dollar is still in consolidation. Support for the rise came from the four-hour SuperTrend line and the Murray 6/8
mark. If the price will push up from these levels it will be possible to move toward the 8/8
On the hourly chart there is a restructuring of the Murray indicators. The market is trading in the middle of the levels. It is possible that during the day the market will try to gain a foothold above the 5/8
mark. If the bulls are successful, resumption of growth to the 8/8
line will be possible.