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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016
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Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016

01.03.2016
Analysis of Murray levels on March 1, 2016

EUR USD "Euro to the US dollar"


Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016

The main trend for Euro-Dollar pair keeps slide. SuperTrend lines support the sliding, which early formed the “bearish cross”. The immediate goal for sellers is a mark 0/8, which is probably the beginning of correction.



Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016

Price formed a pullback from hourly SuperTrend line that indicates the probable renewal of pair decrease. It is possible that during the day, we get a breakdown of the level of 0/8, which will allow the pair to continue moving down towards the -2/8 level.



AUD USD "Australian Dollar to US Dollar"

Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016

The Aussie traded between SuperTrends lines on the four-hour chart. If later the price will be able to fix below the 5/8, then in the future it will be possible to decrease to 3/8. It is very likely that during the Tuesday's the price will update yesterday's minimum.



Analysis of Murray levels for the EUR / USD and AUD / USD on March 1, 2016

On the hourly chart, double pullback from the 1/8 mark is formed, which pointed to the raising of upward correction. However, if the price can be kept below SuperTrend lines, further quotations decrease and breakout of level 0/8 become possible.

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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.