Murrey Math Lines 25.08.2015 (EUR/USD, USD/CAD)

August 25, 2015

EUR USD, “Euro vs US Dollar”

Yesterday, Euro reached the 8/8 level and started a descending correction. Probably, in the nearest future the pair may test the 6/8 level. If the price rebounds from it, the market may resume moving upwards.

The lines at the H4 and H1 charts are completely the same. Bulls are supported by Super Trends. If, after testing the 6/8 level, the price stays above Super Trends again, I’m planning to resume buying.

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is moving inside “overbought zone”. Yesterday the price rebounded from the H4 Super Trend again. In the nearest future, the pair may form a correction and then break the +2/8 level. In this case, the lines at the chart will be redrawn.

The lines at the H4 and H1 charts are completely the same. It’s highly likely that the price may reach a new high during Tuesday. I’m holding two buy orders and planning to increase my position.

Publication source
RoboForex information  RoboForex reviews

October 28, 2016
Greenback sticks to three-month peaks
On Friday, the Japanese yen remained close to it weakest level against the greenback for three months during Asia trade, right after a surge in American bond yields as well as the issue of economic data backing the case for growth in American interest rates strengthened the US dollar overnight...
October 28, 2016
Dollar remains king
The mounting expectations over the Federal Reserve raising US interest rates in December have inspired bullish investors to send the Dollar Index to fresh eight-month highs at 99.00...
October 28, 2016
OPEC is ready to formally seal the output
The crude oil gains as the Algerian Energy Minister Noureddine Butarfa hit the market with a statement saying that OPEC has a plan to complete the formal part of the output freeze agreement in the next meeting...

Larson&Holz IT Ltd Rating
Grand Capital Rating
XM Rating
Tickmill Rating
OctaFX Rating
OANDA Rating

OptionsXO Rating
TopOption Rating
Grand Option Rating
IQ Option Rating
Anyoption Rating
OptionFair Rating