Murrey Math Lines 15.04.2015

Murrey Math Lines  (EUR/USD, AUD/USD)

Forex Trading |News Daily Update |FXTM Online Analysis Department.

Euro vs US Dollar

I closed my sell orders during the correction and now it’s time to start all over again. Super Trends are still influenced by “bearish cross”. If later the price is able to stay below the 3/8 level, it may continue falling towards the 0/8 one.



At the H1 chart, the market is moving inside “oversold zone”. Possibly, in the future the price may break the-2/8 level. If it breaks the level, the lines at the chart will be redrawn. I’m planning to move the stop loss on my order to breakeven as soon as the pair breaks the minimum.

Australian Dollar vs US Dollar

Australian Dollar has rebounded from the H4 Super Trend and the 1/8 level. The closest target is still at the-2/8 level. After reaching it, the pair may start a new correction.



At the H1 chart, the pair is moving at the bottom. If later the market is able to stay below the 0/8 level, I’m planning to open another sell order. The closest target is at the -2/8 level; after the pair breaks it, the lines at the chart will be redrawn again.



 

Forex Trading |News Daily Update |FXTM Online Analysis Department.