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 18.12.2015 (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 18.12.2015 (EUR/USD, USD/CAD)


Analysis for December 18th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving close to the daily Super Trend. If the price breaks it, the market will continue falling towards the 0/8 level. If later Super Trends form “bearish cross”, I’m planning to open another sell order.

As we can see at the H1 chart, Eurodollar hasn’t been able to break the 1/8 level, but the fact that Super Trends provide support indicates that the pair may continue falling. This is why the closest target is still at the 0/8 level.

USD CAD, “US Dollar vs Canadian Dollar”

The lines at the H4 chart have been redrawn; Canadian Dollar continues moving upwards. During the correction, I opened an additional buy order. In the nearest future, the market is expected to continue growing towards the 8/8 level.

As we can see at the H1 chart, the price has started a new local correction from the +1/8 level and right now is trying to rebounds from the 8/8 one. In general, such situation implies that the market may continue moving upwards, that’s why I’m holding my buy orders.

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.