RoboForex - Analytics

RoboForex

986.75 5.25/10
76% of positive reviews
Real
How to join the service?

Murrey Math Lines 26.08.2015 (EUR/USD, USD/CAD)

Analysis for August 26th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the 8/8 level, Eurodollar has been supported by the H4 Super Trend and the 6/8 level, which means that it may resume growing. Possibly, in the nearest future the price may break the 8/8 level and continue moving upwards inside “overbought zone”.



The lines at the H4 and H1 charts are completely the same. The price is supported by Super Trends. I’m planning to increase my position after the pair is able to stay above the 8/8 level.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is attempting to stay above the 5/8 level. Earlier, the price rebounded from the H4 Super Trend and the 4/8 level. The closest target is at 7/8 level: if the pair breaks it, the market will continue growing towards the 8/8 one.



As we can see at the H1 chart, the pair is trying to rebound from the 6/8 level. The price is supported by Super Trends. During the correction, I opened another buy order with the target at 8/8 level, which may be reached during the day.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree