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Murrey levels analysis of EUR/USD and NZD/USD for 16.07.2015

Murrey levels analysis for July 16, 2015

EUR USD "Euro to US dollar"

Murrey levels analysis of EUR/USD for 16.07.2015

The Eurodollar is decreasing in the frames of "zone of oversell". The SuperTrend lines show support to the bears. It is very likely that a break through the -2/8 mark is ahead, which will be followed by the full restructure of the levels on the graph.



Murrey levels analysis of EUR/USD for 16.07.2015

On the hourly chart the market is trading in the middle of the cluster of levels. Yesterday the price formed a rebound from the SuperTrend line. Since the pair has entrenched below 3/8, it can be expected to further decline to a level of 0/8.



NZD USD "New Zealand dollar to US dollar"

Murrey levels analysis of NZD/USD for 16.07.2015

The New Zealand dollar continues to steadily decline. Earlier the price formed a retreat from the daily SuperTrend. The immediate goal is the level of 0/8, which might start an upward correction.



Murrey levels analysis of NZD/USD for 16.07.2015

On the hourly chart the price is adjusting under the SuperTrend line. It is very likely that during the day the price level will work the 0/8 level. In the event of its break through it will be possible for a further reduction in the "oversold zone".


RoboForex Analytical Department

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