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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 07.09.2016 (EUR/USD and USD/CAD)
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Murrey Math Lines 07.09.2016 (EUR/USD and USD/CAD)

07.09.2016
Murrey Math Lines 07.09.2016

EUR USD "Euro vs. US Dollar"

Анализ уровней Мюррея EUR USD "Евро к доллару США" на 7 сентября 2016

EUR/USD has broken through the daily Super Trend and is trying to hold above the indicator line. If the bulls succeed, the pair will have space to rise towards the 5/8 level. When the price rebounds from this level, this will be a correction signal.

Анализ уровней Мюррея EUR USD "Евро к доллару США" на 7 сентября 2016

1-H chart shows the market trading in the middle of the levels too. The day before the Super Trend lines formed a “bullish cross”. The near-term target is 6/8 level, and if this one is broken through, we can see the ascending movement accelerated.

USD CAD "US Dollar vs. Canadian Dollar"

Анализ уровней Мюррея USD CAD "Доллар США к канадскому доллару" на 7 сентября 2016

After a double rebound from 7/8 level the pair started moving down. Yesterday the Super Trend lines formed a “bearish cross”. Afterwards the price held under the 3/8 level and this suggests a possible continuation of the downtrend towards 0/8.

Анализ уровней Мюррея USD CAD "Доллар США к канадскому доллару" на 7 сентября 2016

Both charts are similar in terms of levels. If the price is able to rebound from the Super Trend lines, the price can resume moving downwards. If the chart rebounds from 0/8, we can see an ascending correction start.

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