Murrey Math Lines 08.09.2016 (EUR/USD and NZD/JPY)

08.09.2016
Murray Math Lines 08.09.2016

EUR USD "Euro vs. US Dollar"


Murray Math Lines 08.09.2016

EUR/USD holds above the Super Trend lines which have already formed a “bullish cross”. In addition, we see a very important level 5/8, which, if broken, can force the pair to resume declining. But if the price breaks through the 5/8 level and holds above it, the market can sharply rise towards 6/8.

Murray Math Lines 08.09.2016

On 1-H chart the pair is trading in the upper part of the group of levels and above the +1/8 level. Therefore, if +2/8 level is broken in the near-term, the Murrey analysis will be redrawn. But if the market rebounds from this level, we might see a descending correction start.

NZD JPY "New Zealand Dollar vs. Japanese Yen"

Murray Math Lines 08.09.2016

The cross pair has rebounded from 8/8 and held above the Super Trend lines. Accordingly, I have an open long position with a target of +2/8. If the price rebounds from this level, we might see a bearish correction start.

Murray Math Lines 08.09.2016

On 1-H chart the Super Trend lines have formed a “bullish cross”. As price holds above 5/8 level and is trading above 6/8, it is possible that it resumes rising and reaches 8/8 level.
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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.