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 06.01.2016 (EUR/USD, USD/CAD)
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 06.01.2016 (EUR/USD, USD/CAD)


Analysis for January 6th, 2016

EUR USD, “Euro vs US Dollar”

At the H4 chart, Eurodollar is trying to stay below the 0/8 level. Earlier, Super Trends formed “bearish cross”. In the nearest future, the market may continue falling towards the -1/8 level.

At the H1 chart, the pair is also trying to stay inside “oversold zone”. Yesterday, the price rebounded from the H1 Super Trend. If later the market breaks the -2/8 level, the lines at the chart will be redrawn.

USD CAD, “US Dollar vs Canadian Dollar”

As we can see at the H4 chart, Canadian Dollar has broken the 7/8 level on the first try. Consequently, in the future the price may continue growing towards the 8/8 level. In case this level is broken as well, the pair will continue growing inside “overbought zone”.

At the H1 chart, the price is moving close to the +2/8 level. It’s highly likely that on Wednesday this level may be broken. I’m planning to open another buy order during the correction.

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.