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 17.05.2016 (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 17.05.2016 (EUR/USD, USD/CAD)


Analysis for May 17th, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the 1/8 level, Eurodollar was supported by the H4 Super Trend, which means that it may resume falling. The closest target for bears is still at the 0/8 level.

If the price is able to stay under the 3/8 level at the H1 chart, it may continue falling towards the 0/8 one and the H1 Super Trend. The market will start a new descending movement after the pair stays below Super Trends.

USD CAD, “US Dollar vs Canadian Dollar”

After making a fast ascending movement from the -2/8 level, Canadian Dollar started consolidating, and, as a result, Super Trends formed “bullish cross”. The closest target for bulls is at the 4/8 level. If this level is broken, bulls may push the price much higher.

At the H1 chart, bulls were supported by the 1/8 level, as the price rebounded from it. If Super Trends form “bullish cross”, the pair will resume moving upwards. It’s highly likely that in the nearest future the market may break its local maximum.

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.