Murrey Math Lines 04.06.2015 (EUR/USD, NZD/USD)

June 4, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues growing; it has already broken the 4/8 level. Yesterday Super Trends formed “bullish cross”. During the local correction, I opened a buy order with the target at the 7/8 level: if the price rebounds from it, the downtrend may resume.

At the H1 chart, the pair is moving inside “overbought zone”. Bulls are supported by the H1 Super Trend and if the market rebounds from it, the pair will continue moving upwards. After the price breaks the +2/8 level, the lines at the chart will be redrawn.

NZD USD, “New Zealand Dollar vs US Dollar”

In case of New Zealand Dollar, bears are still in charge. If the pair is able to stay below the H4 Super Trend, the market will continue falling towards the 1/8 level.

At the H1 chart, the price faced resistance from the 4/8 level. Probably, Super Trends may form “bearish cross” during the day. The closest target is at the -2/8 level: after reaching it, the market may start a new local correction.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 18, 2017
Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
January 18, 2017
Fed speakers, BoC and UK employment
We are going to see some central bank action (Canada) and hear from some Fed members and the chairwoman today. Apart from that we will get more information on the UK labor market and a data package from the US, including CPI for December and industrial output...
January 18, 2017
Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...

FIBO Group Rating
Larson&Holz IT Ltd Rating
Orbex Rating
FBS Rating
EXNESS Rating
OctaFX Rating

Anyoption Rating
TopOption Rating
TropicalTrade Rating
Banc De Binary Rating
Porter Finance Rating
Beeoptions Rating