Analysis of Murray levels for EUR/USD and USD/CHF March 2, 2016
02.03.2016
Analysis of Murray levels on March 2, 2016
EUR USD "Euro to US Dollar"
The main trend for Euro-Dollar pair is still downward. SuperTrend lines support the sliding and has formed "the bearish cross" earlier. The nearest goal for the sellers is still the point 0\8, from which, probably, the upward correction will began.
The market is trading at the lowest part of level formation. Testing of the point 1\8 is possible during the day. In case of pullback from that line, the resuming of pair sliding is possible.
USD CHF "Dollar to Swiss Franc"
The Aussie traded between SuperTrends lines on the four-hour chart. If later the price will be able to fix below the 5/8, then in the future it will be possible to decrease to 3/8. It is very likely that during the Tuesday's the price will update yesterday's minimum.
On the one hour chart, the market is trading in the top part of levels formation. Earlier, the SuperTrends lines formed "the bullish cross". If further the price can fix above the point 8\8 that will be a signal to resuming of growth toward + 2\8.
EUR USD "Euro to US Dollar"
The main trend for Euro-Dollar pair is still downward. SuperTrend lines support the sliding and has formed "the bearish cross" earlier. The nearest goal for the sellers is still the point 0\8, from which, probably, the upward correction will began.
The market is trading at the lowest part of level formation. Testing of the point 1\8 is possible during the day. In case of pullback from that line, the resuming of pair sliding is possible.
USD CHF "Dollar to Swiss Franc"
The Aussie traded between SuperTrends lines on the four-hour chart. If later the price will be able to fix below the 5/8, then in the future it will be possible to decrease to 3/8. It is very likely that during the Tuesday's the price will update yesterday's minimum.
On the one hour chart, the market is trading in the top part of levels formation. Earlier, the SuperTrends lines formed "the bullish cross". If further the price can fix above the point 8\8 that will be a signal to resuming of growth toward + 2\8.
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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.