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 29.09.2015 (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 29.09.2015 (EUR/USD, USD/CAD)


Analysis for September 29th, 2015

EUR USD, “Euro vs US Dollar”

At the H4 chart, Eurodollar is still consolidating in the middle. If the market breaks the 4/8 and 3/8 levels and stays below them, the price may resume moving downwards. In this case, I’m planning to open another sell order.

At the H1 chart, the price is moving close to the 4/8 level. In the nearest future, the pair may test the 5/8 level. If it rebounds from this level and stays under Super Trends, the market may start another descending movement.

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar continues growing. After rebounding from the 6/8 level, the pair has almost reached the 8/8 one and may break it. In this case, the price will continue growing inside “overbought zone” towards the +2/8 level.

The lines at the H4 and H1 charts are completely the same. The price is supported by Super Trends, which are still influenced by “bullish cross”. It’s highly likely that the pair may reach a new local high on Tuesday.

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.