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Murray levels analysis for EUR/USD and AUD/USD on 29.02.2016

Murray levels analysis on 29 February 2016

EUR USD "Euro to US dollar"


Murray levels analysis of EUR USD "Euro to US dollar" on 29 February 2016

The Eurodollar continued to decline. Earlier the SuperTrend lines formed a "bearish cross". In the short term a further decrease in quotations towards the 0/8 mark is likely. However, if the price constitutes a retreat from the 1/8 level, a beginning of an upward correction will be possible.



Murray levels analysis of EUR USD "Euro to US dollar" on 29 February 2016

The price was unable to gain a foothold above the SuperTrend lines, and is trading below the indicator line again. In the short term a fall to around 2/8 is likely, a retreat from which would be the signal to a local ascending correction.



AUD USD "Австралийский доллар к доллару США"

Murray levels analysis of AUD USD "Australian dollar to US dollar" on 29 February 2016


After a series of rebounds from the week long SuperTrend, the Aussie is trying to resume its decline. After a local correction, further fall in prices is possible. The immediate goal for bears is the 3/8 mark.



Murray levels analysis of AUD USD "Australian dollar to US dollar" on 29 February 2016

On the hourly chart the price is trading in the lower part of the building of levels. Earlier, the SuperTrend lines formed a "bearish cross". During Monday a resumption of decline towards the 0/8 mark is likely.

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