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 30.09.2016 (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 30.09.2016 (EUR/USD, AUD/USD)

30.09.2016

Analysis for September 30th, 2016

EUR USD, “Euro vs US Dollar”

After making several unsuccessful attempts, the EUR/USD pair finally rebounded from the 4/8 level and the daily Super Trend. At the moment, the price is testing the 2/8 level. In case it breaks this level, the market may continue falling much deeper.



At the H1 chart, the pair rebounded from the 8/8 level twice and right now is moving close to the 6/8 one. Consequently, the market may continue falling only if the price breaks the 6/8 level and fixes below it. If it happens, the pair may later reach the 4/8 level.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair rebounded from the 8/8 level and started the current decline, but bears were stopped by the daily Super Trend. Consequently, the market may continue falling only if the price fixes under the 5/8 level.



At the H1 chart, Super Trends formed “bearish cross”. If the price breaks the 1/8 level, it may continue falling towards the -1/8 one. After reaching it, the market may start a new 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.

Attention!

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.