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 24.10.2016 (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 24.10.2016 (EUR/USD, AUD/USD)


Analysis for October 24th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still falling. Earlier, the price rebounded from the H4 Super Trend and the 4/8 level. The closest target for bears is at the 0/8 level. After reaching this level, the market may start an ascending correction.

At the H1 chart, the current declined stopped at the 0/8 level, which means that the pair may start a short-term correction. Later, if the price stays under Super Trends, the market may resume falling towards the -2/8 level.

AUD USD, “Australian Dollar vs US Dollar”

After rebounding from the +1/8 level, the AUD/USD pair started falling very quickly, but was stopped by the daily Super Trend. Possibly, on Monday the price may test the 4/8 level. If it rebounds from this level, the market may start an ascending correction.

At the H1 chart, the local correction faced resistance from the H1 Super Trend. If the price rebounds from this level, it may continue moving to reach the 4/8 one. The future scenario depends on how the market will move there.

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.