Murrey Math Lines 30.10.2015 (EUR/USD, AUD/USD)
30.10.2015
Analysis for October 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is being corrected. If the price is able to break the 0/8 level during the day, the pair may continue falling. In this case, the first target for bears will be at the -2/8 level.
The lines at the H4 and H1 charts are completely the same. If the pair is able to stay under Super Trends, I’m planning to open another sell order. After the price breaks the -2/8 level, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
Probably, Australian Dollar has completed its local correction. Earlier, Super Trends formed “bearish cross”. It looks like in the future the pair is going to fall towards the 3/8 level. If the market breaks this level, it may continue falling much lower.
At the H4 chart, the pair is moving at the bottom and supported by Super Trends. The closest target is at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.
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.