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Murrey Math Lines 16.04.2015 (EUR/USD, AUD/USD)

Analysis for April 16th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected. If later the price rebounds from the daily Super trends once again, the pair may continue falling. The closest target is at the 0/8 level.

At the H1 chart, the market is still moving inside “oversold zone”. If the market is able to stay below the 0/8 level and then Super Trends, I’m planning to open another sell order.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has reached the 4/8 level while forming an ascending correction. If the price breaks the 3/8 level downwards again, the downtrend may resume. I’m planning to increase my position after the market stays below the daily Super Trend.

If the price breaks the 7/8 level downwards at the H1 chart, bears may return to the market. However, the current ascending correction may continue until the pair is able to stay below the 4/8 level.

RoboForex Analytical Department

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