Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 18.03.2016 (EUR/USD, NZD/JPY)
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 18.03.2016 (EUR/USD, NZD/JPY)

18.03.2016

Analysis for March 18th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating near the 5/8 level. If the price rebounds from this level downwards during the day, the pair may start a new descending correction. In this case, the first target for bears will be at the 4/8 level.



At the H1 chart, Eurodollar is moving inside “overbought zone” and supported by Super Trends. If the pair rebounds from the +2/8 level in the nearest future, it may resume moving downwards. However, if the market breaks this level after all, the lines at the chart will be redrawn and the price will continue growing.




NZD JPY, “New Zealand Dollar vs Japanese Yen”

Yesterday the price was able to stay above the 5/8 level, which means that bulls may return to the market. Possibly, quite soon, Super Trends may form “bullish cross” and then the market may break this month’s high.



Considering that the pair is moving in the middle of the H1 chart, the closest target is at the 5/8 level. Earlier, Super Trends formed “bullish cross”. In the nearest future, the market may break its local highs.



 
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.

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.