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 30.11.2016 (EUR/USD, EUR/JPY)
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 30.11.2016 (EUR/USD, EUR/JPY)

30.11.2016

Analysis for November 30th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still consolidating and testing the daily Super Trend again. If the market breaks it, the price may continue growing towards the 0/8 level. In case later the pair rebounds from this level, the market will resume moving downwards.  



At the H1 chart, the pair is trying to break the 5/8 level. In case the price fixes above this level, it may continue growing to reach the 7/8 one. If later the 7/8 level is broken as well, the market will reach the 8/8 one.




EUR JPY, “Euro vs Japanese Yen”

The EUR/JPY pair reached a new high and right now is trying to stay above the 5/8 level. If bulls succeed, the price may continue moving upwards to reach 6/8 level.



As we can see at the H1 chart, Super Trends formed “bullish cross”. The price is steadily moving above the 6/8 level and may grow to reach the 8/8 one in the nearest future. If later it rebounds from this level, the market may start a new descending 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.