Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murray levels analysis for EUR/USD and USD/CAD on 24.02.2016
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




Murray levels analysis for EUR/USD and USD/CAD on 24.02.2016

24.02.2016
Murray levels analysis on 24 February 2016

EUR USD "Euro to US dollar"


Murray levels analysis of EUR USD "Euro to US dollar" on 24 February 2016

The Eurodollar continued to decline. At the beginning of the trading week, the SuperTrend lines formed a "bearish cross", and afterwards the market was fixed below 3/8, which indicates the possibility of further decline of the currency pair. The immediate target appears to be the 0/8 mark.



Murray levels analysis of EUR USD "Euro to US dollar" on 24 February 2016

On the hourly chart the market is trading in the middle of the congestion of levels with the support of the SuperTrend lines. It is very likely that already during the day a breakdown of the level 4/8 will follow. The intraday target is 3/8, breaking and fixing of the price below which would signal a deeper market decline.



USD CAD "US dollar to Canadian dollar"

Murray levels analysis of USD CAD "US dollar to Canadian dollar" on 24 February 2016

During February the Canadian dollar formed three consecutive rebounds from the 0/8 level, which indicates the possible start of an upward correction. The immediate target appears to be the 4/8 mark, confirming the possibility of movement to which will be the price fixing above the SuperTrend lines.



Murray levels analysis of USD CAD "US dollar to Canadian dollar" on 24 February 2016

On the hourly chart, the SuperTrend lines formed a "bearish cross". If during the day the market will be able to break the 5/8 mark and stay above it, it will point to the likelihood of a further increase in prices. The objective in this case will be the 8/8 murray level.

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.

Attention!

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.