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 23.03.2016 (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 23.03.2016 (EUR/USD, NZD/USD)


Analysis for March 23rd, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has been able to stay under the 4/8 level; the H4 Super Trend has moved into “red zone”. It’s highly likely that on Wednesday the pair may test the daily Super Trend. If the price breaks this level and stays below it, the market will continue its decline.

As we can see at the H1 chart, Eurodollar has been able to leave “overbought zone” and stay under the 8/8 level. Super Trends have formed “bearish cross” and are providing support for the current decline. The closest target is at the 6/8 level.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar is moving between Super Trends in the middle of the chart close to the 4/8 level. It’s highly likely that during the day the pair may move towards the 2/8 level. If the price breaks this level and stays below it, the market will continue its decline.

The lines at the H4 and H1 charts are completely the same. Earlier, Super Trends formed “bearish cross”. Taking into account that the pair has already rebounded from the H1 Super Trend, the price may test the 3/8 level during the day.

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.