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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 25.08.2016 (EUR/USD, AUD/USD)
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Murrey Math Lines 25.08.2016 (EUR/USD, AUD/USD)


Analysis for August 25th, 2016

EUR USD, “Euro vs US Dollar”

At the H4 chart, the EUR/USD pair is moving between Super Trends. If later the price breaks the 4/8 level, the market will continue moving downwards to reach the 3/8 one.

As we can see at the H1 chart, the pair has rebounded from the 8/8 level and Super Trends have formed “bearish cross”. To continue pushing the price to the downside, bears have to break the daily Super Trend and the 4/8 level. If they succeed, the market will start a new descending movement.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is “stuck” between Super Trends. If the price is able to stay under the 5/8 level, the market will continue moving downwards. In this case, the closest target for bears is at the 3/8 level.

At the H1 chart, the pair is trying to rebound from the 2/8 level. If the price is able to stay under this level, it will continue falling. Later, the market may reach the -2/8 level. In case this level is broken, the lines at the chart will be redrawn.

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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.