Murrey Math Lines 03.09.2015 (EUR/USD, USD/CAD)
03.09.2015
Analysis for September 3rd, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving in the middle between Super Trends, which may form “bearish cross” in the nearest future. If later the pair breaks the 3/8 level and stays below it, the market will continue falling.
At the H1 chart, the pair is trying to stay inside “oversold zone”. Yesterday, Super Trends formed “bearish cross” quite soon. The closest target is at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, Canadian Dollar has been able to stay above the 5/8 level, which means that it may continue growing. In the future, the price may break the previous high and reach the 8/8 level.
At the H1 chart, Super Trends have formed “bullish cross”. Possibly, during the day the price may break the 8/8 level and continue growing inside “overbought zone”. If later the market breaks the +2/8 level as well, the lines at the chart will be redrawn.
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