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

September 30, 2016
The OPEC greases the wheels for oil
The global equities rally led by the gains in the energy sector after the OPEC members cut a deal in Algiers, despite the market scepticism and repeated statements that the Oil officials in Iran and Saudi Arabia are not able to find a middle ground in the current conditions...
September 30, 2016
Opec deal no certainty
In a huge surprise to the market, members of the Opec cartel agreed to cut production by as much as 700,000 barrels a day with some predicting that this may be the start of a new upward trend for oil...
September 30, 2016
Brent futures consolidated their gains
Brent rose in the European session after a surprised OPEC decision to cut oil output. Moreover, a draw in U.S. crude stocks gave an additional support for oil prices...

OANDA Rating
Fort Financial Services Rating
Orbex Rating
FXTM Rating
FIBO Group Rating
HYCM Rating

TropicalTrade Rating
EZTrader Rating
IQ Option Rating
OptionsXO Rating
Porter Finance Rating
Grand Option Rating