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Murrey Math Lines 01.09.2015 (EUR/USD, AUD/USD)

Analysis for September 1st, 2015

EUR USD, “Euro vs US Dollar”

At the H4 chart, Eurodollar is moving in the middle. The price is supported by the H4 Super Trend. I’m planning to increase my short position as soon as the pair breaks the 4/8 level.

The lines at the H4 and H1 charts are completely the same. Earlier, Super Trends formed “bearish cross”. It’s highly likely that in the nearest future the pair may break yesterday’s low and resume falling towards the 2/8 level.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is trying to stay inside “oversold zone”. Later the pair may start a correction from the ‑1/8 level towards the 0/8 one. If the price rebounds from the latter level, it may resume falling to break the ‑2/8 level.

At the H1 chart, the price is moving below the 0/8 level; bears are supported by Super Trends. If later the market breaks the -2/8 level, the lines at the chart will be redrawn.

RoboForex Analytical Department

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