Murrey Math Lines 27.05.2015 (EUR/USD, NZD/USD)

May 27, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues moving downwards; earlier Super Trends formed “bearish cross”. Probably, in the nearest future the price may continue falling towards the 0/8 level. If the pair rebounds from it, the market may start an ascending correction.

The lines at the H4 and H1 charts are completely the same. If the price is able to rebound from the H1 Super Trend, it may resume moving towards the 0/8 level. After reaching this level, the market may it. In this case, bears’ next target will be at the -2/8 level.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar is moving in the middle of the H4 chart. Possibly, during the day the pair may form a correction towards the H4 Super Trend. If the price rebounds from it, the market may continue falling towards the -2/8 level and break it. In this case, the lines at the chart will be redrawn.

The lines at the H4 and H1 charts are completely the same. Probably, the pair may break the -2/8 level during Wednesday and the lines at the chart will be redrawn. Later, I’m planning to open another sell order when the price start moving downwards.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

FXCM Rating
FxPro Rating
Vantage FX Rating
FX Giants Rating
NPBFX Rating
Larson&Holz IT Ltd Rating

Anyoption Rating
Beeoptions Rating
Binary Brokerz Rating
First Binary Option Service Rating
IQ Option Rating
24option Rating