Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 24.05.2016 (EUR/USD, USD/CHF)
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 24.05.2016 (EUR/USD, USD/CHF)


Analysis for May 24th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving inside the “oversold zone” and trying to rebound from the 0/8 level and the H4 Super Trend. The closest target is at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.

At the H1 chart, the price is also moving at the bottom. The 0/8 level provides resistance as the price has already rebounded from it several times. On Tuesday, Eurodollar may break the -2/8 level. In this case, the lines at the chart will be redrawn.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. The H4 Super Trend provides support; the pair has already rebounded from it upwards. Consequently, in the nearest future the market may test the 8/8 level.

At the H1 chart, the price is attempting to rebound from the 2/8 level. Super Trends are still influenced by “bullish cross” formed earlier. It’s highly likely that quite soon the pair may reach the 4/8 level and then start a new local correction.

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.