Murrey levels analysis of EUR/USD and NZD/USD for 16.07.2015
16.07.2015
Murrey levels analysis for July 16, 2015
EUR USD "Euro to US dollar"
The Eurodollar is decreasing in the frames of "zone of oversell". The SuperTrend lines show support to the bears. It is very likely that a break through the -2/8 mark is ahead, which will be followed by the full restructure of the levels on the graph.
On the hourly chart the market is trading in the middle of the cluster of levels. Yesterday the price formed a rebound from the SuperTrend line. Since the pair has entrenched below 3/8, it can be expected to further decline to a level of 0/8.
NZD USD "New Zealand dollar to US dollar"
The New Zealand dollar continues to steadily decline. Earlier the price formed a retreat from the daily SuperTrend. The immediate goal is the level of 0/8, which might start an upward correction.
On the hourly chart the price is adjusting under the SuperTrend line. It is very likely that during the day the price level will work the 0/8 level. In the event of its break through it will be possible for a further reduction in the "oversold zone".
RoboForex Analytical Department
EUR USD "Euro to US dollar"
The Eurodollar is decreasing in the frames of "zone of oversell". The SuperTrend lines show support to the bears. It is very likely that a break through the -2/8 mark is ahead, which will be followed by the full restructure of the levels on the graph.
On the hourly chart the market is trading in the middle of the cluster of levels. Yesterday the price formed a rebound from the SuperTrend line. Since the pair has entrenched below 3/8, it can be expected to further decline to a level of 0/8.
NZD USD "New Zealand dollar to US dollar"
The New Zealand dollar continues to steadily decline. Earlier the price formed a retreat from the daily SuperTrend. The immediate goal is the level of 0/8, which might start an upward correction.
On the hourly chart the price is adjusting under the SuperTrend line. It is very likely that during the day the price level will work the 0/8 level. In the event of its break through it will be possible for a further reduction in the "oversold zone".
RoboForex Analytical Department
Attention!
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.