Murrey Math Lines 07.09.2015 (EUR/USD, NZD/USD)
07.09.2015
Analysis for September 7th, 2015
EUR USD, “Euro vs US Dollar”
At the end of last week the SuperTrend lines formed a "bearish cross". If in the future the price will be fixed below 3/8, this will signal a further decline in prices. The immediate goal in this case will be the 1/8 level.
On the hourly chart the market is trading between the SuperTrend lines. The price could be kept below 3/8, indicating the possibility of continuing the movement of the pair down. Short-term goal is the level of 0/8, which may develop a local correction.
NZD USD, “New Zealand dollar to US dollar”
Last Friday, the New Zealander, after the break the four-hour SuperTrend, passed through the level of 4/8. If the price fixes below 3/8 a deeper decline towards the 1/8 line will become possible, the breakdown of which will allow the pair to test the 0/8 level.
On the hourly chart the price is trading in the "oversold" zone. In the short term the -1/8 mark may be tested, a retreat from which will resume the decline. In the breakdown of line -2/8, we will get the evolution of levels on the chart.
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