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Murrey Math Lines 13.08.2015 (EUR/USD, USD/CAD)

Analysis for August 13th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar hasn’t been able to stay above the 7/8 level, which means that the price may resume falling. My pending sell order is below the H4 Super Trend. The closest target is at the 4/8 level.

The lines at the H4 and H1 charts are completely the same. It’s highly likely that Super Trends may form “bearish cross” in the nearest future and after that the price may resume moving downwards. During the day, the market is expected to break the 6/8 level and stay below it.

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is being corrected. Possibly, the 6/8 level may provide support. If the price rebounds from this level, it may start a new growth. My pending buy order is placed above the H4 Super Trend.

Possibly, the pair may test the 0/8 level at the H1 chart. If the price rebounds from this level and stays above the H1 Super Trend, the market may resume growing. The closest target for bulls is at the 4/8 level.

RoboForex Analytical Department

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