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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 22.12.2015 (EUR/USD, USD/CAD)
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Murrey Math Lines 22.12.2015 (EUR/USD, USD/CAD)


Analysis for December 22nd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected and moving above Super Trends, that’s why I’ve got no open orders right now. If later the pair breaks the 1/8 level and stays below it, I’m planning to open a sell order with the target at the 0/8 one.

At the H1 chart, Super Trends have formed “bullish cross”, which means that the current correction may yet continue. If the price isn’t able to stay above the 3/8 level, breaks Super Trends and stays below them, the pair may start a new descending movement.

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is still consolidating; bulls are supported by the H4 Super Trend and the 6/8 level. If the price rebounds from these levels upwards, the market may continue moving towards the 8/8 one.

At the H1 chart, the price is moving inside “overbought zone”. Possibly, on Tuesday the market may test the 8/8 level once again. If the pair rebounds from this level, it may continue growing to break the +2/8 one. In this case, the lines at the chart will be redrawn.

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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.