Murrey Math Lines: EUR/USD, NZD/USD

ANALYSIS | 01/14/2016 11:44:56 GMT

Analysis for January 14th, 2016

EURUSD, “Euro vs US Dollar”

Eurodollar is moving above Super Trends again. It’s highly likely that in the nearest future the market may resume growing. The closest target for bulls is at the 3/8 level. If the pair rebounds from it, the price may start another correction.

At the H1 chart, Super Trends have formed “bullish cross”. If later the market breaks the 5/8 level and stays above it, the price will continue growing towards the 8/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

After rebounding from the H4 Super Trend, New Zealand Dollar is trying to stay under the 3/8 level. In the nearest future, the market may continue falling towards the 0/8 level.

The lines at the H4 and H1 charts are completely the same. The current decline is supported by Super Trends. If later the price rebounds from the 0/8 level, the pair may start another correction with the target at the 2/8 one.

Share: Analysis feed

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.