Murrey Math Lines 20.08.2015 (EUR/USD, AUD/USD)
20.08.2015
Analysis for August 20th, 2015
EUR USD, “Euro vs US Dollar”
Euro has started the correction and right now is moving above Super Trends again. Possibly, if the pair is able to stay below the 5/8 level in the future, it may resume moving downwards. In this case, I’m planning to start selling.
The lines at the H4 and H1 charts are completely the same. The fast ascending correction has resulted in “bullish cross”, formed by Super Trends. Possibly, during the day the pair may try to break Super Trends downwards and resume falling.
AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, Australian Dollar is still moving above the 0/8 level and supported by Super Trends. In the nearest future, the pair may break the 0/8 level and continue falling inside “oversold zone.
At the H1 chart, the price is moving in the middle. Earlier, Super Trends formed “bearish cross”. After the market is able to stay below the 3/8 level, it may continue moving downwards to reach the 0/8 one.
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