Murray levels analysis of EUR/USD and NZD/USD for 17.07.2015
17.07.2015
Murray levels analysis 17 July 2015
EUR USD "Eurodollar"
The Eurodollar is correcting on the 4-hour chart. The SuperTrend lines give support to the price. The nearest target is 0/8, from which a rising correction is possible.
On the hourly chart the price managed to get fixed below 3/8, which indicates the possibility of further downward movement. The immediate goal is the level of 8/8, having confirmation from the senior time frames.
NZD USD "New Zealand dollar to US dollar"
The New Zealander is also in a correction that has allowed me to enter into a additional short. Support for the bears comes from the four-hour SuperTrend line. In the short term, we can expect the refinement of the level at 0/8.
On the hourly chart the price is trading in the lower part of the building of levels. The SuperTrend lines are still under the influence of the "bearish cross". It is very likely that it will soon be followed by passing through the 0/8 line and the price will continue to decline in the "oversold" zone.
RoboForex Analytical Department
EUR USD "Eurodollar"
The Eurodollar is correcting on the 4-hour chart. The SuperTrend lines give support to the price. The nearest target is 0/8, from which a rising correction is possible.
On the hourly chart the price managed to get fixed below 3/8, which indicates the possibility of further downward movement. The immediate goal is the level of 8/8, having confirmation from the senior time frames.
NZD USD "New Zealand dollar to US dollar"
The New Zealander is also in a correction that has allowed me to enter into a additional short. Support for the bears comes from the four-hour SuperTrend line. In the short term, we can expect the refinement of the level at 0/8.
On the hourly chart the price is trading in the lower part of the building of levels. The SuperTrend lines are still under the influence of the "bearish cross". It is very likely that it will soon be followed by passing through the 0/8 line and the price will continue to decline 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.