Murrey Math Lines 12.06.2015 (EUR/USD, USD/CAD)
12.06.2015
Analysis for June 12th, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving in the middle. Earlier, the pair rebounded from the 5/8 level twice. Probably, in the future the price may continue falling towards the 3/8 level and the daily Super Trend. If the market breaks them, it will continue falling much deeper.
It looks like in the nearest future Super Trends are going to form “bearish cross” at the H1 chart. Considering that earlier the price rebounded from the 6/8 level, the closest short-term target is at the 2/8 one.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, Canadian Dollar has rebounded from the 4/8 level. If later the market is able to stay above Super Trends, it may continue growing, I’m planning to increase my long position after the price breaks the 7/8 level and stays above it.
As we can see at the H1 chart, the price has rebounded from the 0/8 level. Probably, during the day Super Trends may form “bullish cross”. The closest target is at the 3/8 level: if the price breaks it, the pair may continue growing.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.