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 16.03.2016 (EUR/USD, NZD/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 16.03.2016 (EUR/USD, NZD/USD)

16.03.2016

Analysis for March 16th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has been able to stay under the H4 Super Trend and the 3/8 level as well. Consequently, in the nearest future the market may continue falling. The closest target for bears is at the 2/8 level and the daily Super Trend.



At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 7/8 level several times and resumed moving downwards. During the day, Eurodollar may break its local low and then continue falling towards the 4/8 level.




NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar has been able to stay under the weekly Super Trend, and earlier it didn’t manage to stay above the 7/8 level. Consequently, later the pair may continue falling. The closest target for bears is at the 2/8 level. If this level is broken, the market will continue falling deeper.



At the H1 chart, Super Trends have formed “bearish cross”. It’s highly likely that after completing the local correction, the pair will continue falling inside “oversold zone”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.



 
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.