Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 04.04.2016 (EUR/USD, AUD/USD)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

Murrey Math Lines 04.04.2016 (EUR/USD, AUD/USD)


Analysis for April 4th, 2016

EUR USD, “Euro vs US Dollar”

The local ascending tendency continues. Despite the market is still moving above the H4 Super Trend, Eurodollar may try to break it. If later the pair recovers and starts moving above the H4 Super Trend, the price will continue growing towards the 6/8 level.

At the H1 chart, the price has rebounded from the 3/8 level three times and right now is moving between Super Trend. Consequently, in the nearest future, if the price breaks the 2/8 level, it may be corrected towards the 1/8 one.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has rebounded from the 7/8 level several times, which means that it may start a new correction. The first target for bears is at the daily Super Trend. If the price breaks this level, the market will fall much deeper.

As we can see at the H1 chart, the pair hasn’t been able to stay above the 8/8 level and right now is moving between Super Trends. It’s highly likely that during the day the price may test the 4/8 level. The future scenario depends on how the market will move at this level.

RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


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.