Murray levels analysis of EUR/USD and NZD/USD for 15.07.2015
15.07.2015
Murray levels analysis for 15 July 15, 2015
EUR USD "Eurodollar"
After a series of jumps away from the line of the daily SuperTrend, the Eurodollar is trying to resume its decline. It is not ruled out that after the end of the local correction, the price will not be able to push through the 0/8 level and will continue its decline in the frame of the "oversold zone".
On the hourly chart the market is trading in the middle of building of levels. Earlier the SuperTrend lines formed a "bearish cross". If the price then will be able to gain a foothold below 8.3, it will indicate the possibility of a further reduction in prices.
NZD USD "New Zealand dollar to USD"
The New Zealand Dollar continues to consolidate in the "oversold zone". In the short term it is likely to continue local corrections. If the day SuperTrend line will support the bears again, a possibility to break the -2/8 line and an updating of building of levels will form.
On the hourly chart the price is trying to gain a foothold below the SuperTrend lines. It is very likely that within Wednesday the price will break the mark of 3/8, and that will confirm the possibility of further movement down towards the 0/8 level.
RoboForex Analytical Department
EUR USD "Eurodollar"
After a series of jumps away from the line of the daily SuperTrend, the Eurodollar is trying to resume its decline. It is not ruled out that after the end of the local correction, the price will not be able to push through the 0/8 level and will continue its decline in the frame of the "oversold zone".
On the hourly chart the market is trading in the middle of building of levels. Earlier the SuperTrend lines formed a "bearish cross". If the price then will be able to gain a foothold below 8.3, it will indicate the possibility of a further reduction in prices.
NZD USD "New Zealand dollar to USD"
The New Zealand Dollar continues to consolidate in the "oversold zone". In the short term it is likely to continue local corrections. If the day SuperTrend line will support the bears again, a possibility to break the -2/8 line and an updating of building of levels will form.
On the hourly chart the price is trying to gain a foothold below the SuperTrend lines. It is very likely that within Wednesday the price will break the mark of 3/8, and that will confirm the possibility of further movement down towards the 0/8 level.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.