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 / Murrey Math Lines 28.03.2016 (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 28.03.2016 (EUR/USD, USD/CAD)

28.03.2016

Analysis for March 28th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still consolidating between Super Trends. If later the price breaks the 3/8 level, it may continue falling much deeper. In this case, the closest target for bears will be at the 2/8 level.



At the H1 chart, Eurodollar left and “overbought zone” and right now is moving near the 7/8 level. On Monday, the pair may test the H1 Super Trend. If the price rebounds from it, the market may resume moving downwards. It’s highly likely that the pair will test the 6/8 level by Tuesday.




USD CAD, “US Dollar vs Canadian Dollar”

Super Trends have formed “bullish cross”, which means that Canadian Dollar may continue growing. Earlier, the price rebounded from the 5/8 level at the H4 chart, which is the 1/8 one on the daily chart. Consequently, the market may complete the descending correction and resume growing inside the main uptrend.



At the H1 chart, the price is moving in the middle. Bulls are supported by Super Trends. If the price is able to stay above the 5/8 level, the market will continue growing towards the 8/8 one.



 
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.

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.