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Murrey Math Lines 24.03.2015 (EUR/USD, NZD/JPY)

Analysis for March 24th, 2015

EUR USD, “Euro vs US Dollar”

The market continues consolidating. Possibly, the pair may try to break the maximum again. If later the price is able to stay below Super Trends and the 4/8 level, Eurodollar will resume falling.

If the pair is able to stay below the 5/8 level at the H1 chart, the downtrend may resume. I’m planning to open another sell order when the price breaks Super Trends.

NZD JPY, “New Zealand Dollar vs Japanese Yen”

The price is still growing. Considering that earlier the market was able to stay above the 5/8 level, it may continue moving upwards. The closest target is at the 7/8 level: if bulls break it, they will continue moving to test the 8/8 one.

The lines at the H4 and H1 charts are completely the same. The current ascending movement is supported by Super Trends. As soon as the market breaks the maximum, I’m planning to move the stop loss on my buy order to the level where it was opened.

RoboForex Analytical Department

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