Murrey Math Lines 27.08.2015 (EUR/USD, USD/CAD)
27.08.2015
Analysis for August 27th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to resume its decline. If the price breaks the 4/8 level, Super Trends may form “bearish cross”. After the pair breaks the 3/8 level and stays below it, the next target will be at the 0/8 one.
At the H1 chart, the pair is moving in the middle. The current descending movement is supported by Super Trends. I’m holding one sell order so far, and planning to increase my position in the future.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar has been supported by the 4/8 level and the H4 Super Trend. If later the price breaks the 5/8 level and stays above it, the market will continue growing.
As we can see at the H1 chart, Super Trends are still influenced by “bullish cross”. The closest target is at the 8/8 level. Possibly, the market may reach a new high very soon.
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