FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
ETX Capital information and reviews
ETX Capital
90%
FxPro information and reviews
FxPro
88%
OctaFX information and reviews
OctaFX
86%
EUR/USD
1.1876
GBP/USD
1.3894
USD/JPY
109.2158
USD/CHF
0.905
USD/CAD
1.2509
EUR/JPY
129.7035

Murrey Math Lines for 21.12.2015


21 December 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating close to Super Trends, which may soon form “bearish cross” to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper.

At the H1 chart, Eurodollar is moving at the bottom as well. If the price breaks Super Trends and stays below them, I’m planning to open another sell order. In case the market rebounds from the 0/8 level upwards, the pair may start a new local correction.

USD CAD, “US Dollar vs Canadian Dollar”

In case of Canadian Dollar, the uptrend continues. Bulls are supported by the H4 Super Trend – the price rebounded from it at the end of the last week, which means that the pair may moving upwards. The closest target is at the 8/8 level. If the price rebounds from this level, the market may start a new correction.

As we can see at the H1 chart, the price has been able to stay above the 8/8 level inside “overbought zone”. On Monday, the market may continue growing towards the +2/8 level. If later this level is broken, the lines at the chart will be redrawn.

RoboForex Analytical Department

#source

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