{"id":89539,"date":"2016-05-11T06:35:13","date_gmt":"2016-05-11T10:35:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=89539"},"modified":"2016-05-11T06:35:13","modified_gmt":"2016-05-11T10:35:13","slug":"murrey-math-lines-11-05-2016-eurusd-usdcad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/murrey-math-lines-11-05-2016-eurusd-usdcad\/","title":{"rendered":"Murrey Math Lines 11.05.2016 (EUR\/USD, USD\/CAD)"},"content":{"rendered":"
May 11, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for May 11th<\/sup>, 2016<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

Eurodollar is moving under Super Trends, which may form \u201cbearish cross\u201d in the nearest future. Considering that earlier the price was able to stay below the 3\/8<\/strong> level, the closest target is at the 1\/8<\/strong> one. If the pair breaks it as well, the market will continue falling to reach the 0\/8<\/strong> level.<\/p>\n

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At the H1 chart, the pair is moving at the bottom. It\u2019s highly likely that during the day the price may break the 0\/8<\/strong> level. in this case, the next target for bears will be at the -2\/8<\/strong> level.<\/p>\n

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USD CAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/h2>\n

Canadian Dollar has rebounded from the H4 Super Trend, which means that it may resume moving upwards. The closest target for bulls is at the 4\/8<\/strong> level. After reaching it, the market may start a new local correction. However, if this level is broken, bulls may continue pushing the price upwards.<\/p>\n

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At the H1 chart, Super Trends are still influenced by \u201cbullish cross\u201d despite the current correction. On Wednesday, the price may continue moving upwards and break its local maximum.<\/p>

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for May 11th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar is moving under Super Trends, which may form \u201cbearish cross\u201d in the nearest future. Considering that earlier the price was able to stay below the 3\/8 level, the closest target is at the 1\/8 one. If the pair breaks it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89539","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89539"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89539\/revisions"}],"predecessor-version":[{"id":89540,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89539\/revisions\/89540"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}