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Murrey Math Lines 24.07.2015 (EUR/USD, USD/CAD)

Analysis for July 24th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from the daily Super Trend and the 2/8 level. I’m planning to open another sell order as soon as the pair is able to stay below the H4 Super Trend. In the future, the market may break the 0/8 level.



At the H1 chart, the price is moving in the middle. If the price breaks the 2/8 level in the nearest future, I’m planning to open an additional sell order. Bears will return to the market after Super Trends form “bearish cross”.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is still trying to rebound from the H4 Super Trend. Probably, the pair may reach a new high during the day. Later, the market may reach the 8/8 level.



At the H1 chart, the price has been able to stay above the 5/8 level, which means that it may resume moving upwards. Bulls are supported by Super Trends. It looks like the pair may reach the 8/8 level in the nearest future.



 
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