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 10.11.2016 (EUR/USD, AUD/USD)
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 10.11.2016 (EUR/USD, AUD/USD)


Analysis for November 10th, 2016

EUR USD, “Euro vs US Dollar”

Yesterday, the bullish rally was stopped by the +1/8 level and the price rebounded from it. The pair plummeted and broke the daily Super Trend. On Thursday, the market may test the 4/8 level. If it rebounds from this level, the price may resume falling towards the 2/8 one.

At the H1 chart, Super Trends formed “bearish cross”. After finishing the local correction below the 4/8 level, the pair may test the 2/8 one. If the price breaks this level, the market may continue falling to reach the 0/8 one.

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair is consolidating between Super Trends. Earlier, it rebounded from the 7/8 level. It looks like very soon bears may try to test the 4/8 level again.

At the H1 chart, yesterday’s decline was stopped by the 1/8 level. In addition to this, Super Trends formed “bearish cross”, which means that the pair may continue moving downwards. If the price stays under the 4/8 level, then in the nearest future the market may fall towards the 0/8 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.


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.