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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 22.09.2016 (EUR/USD, AUD/USD)
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Murrey Math Lines 22.09.2016 (EUR/USD, AUD/USD)


Analysis for September 22nd, 2016

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair failed to stay under the 3/8 level and started a fast growth. The price has already broken the daily Super Trend and the 4/8 level, and it is able to fix above them, the market will continue growing towards the 5/8 one.

At the H1 chart, the pair is trying to fix inside the “overbought zone”. If later the price rebounds from the +1/8 level, the market may start a new correction with the target at the 8/8 one.

AUD USD, “Australian Dollar vs US Dollar”

After rebounding twice from the 2/8 level, the AUD/USD pair started a correction as well, and, as a result, Super Trends formed “bullish cross”. However, if later the price rebounds from the 6/8 level, the market may start a new local correction towards the 5/8 one.

At the H1 chart, the closest target is at the 8/8 level. If the pair bounces from this level, it may start a new descending correction. However, if later the market rebounds from the 6/8 level upwards, the price will continue growing and break the 8/8 one.

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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.