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 05.07.2016 (EUR/USD, GBP/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 05.07.2016 (EUR/USD, GBP/USD)


Analysis for July 5th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar rebounded from the 3/8 level, which provided resistance for the current correction earlier. If later the price stays under the H4 Super Trend, the market may resume falling towards the -2/8 level.

The lines at the H4 and H1 charts are completely the same. Super Trends are influenced by “bullish cross”. if later the price breaks the H1 Super Trend and stays under it, the downtrend may resume.

GBP USD, “Great Britain Pound vs US Dollar”

After rebounding from the H4 Super Trend, Pound is moving near its lows and trying to stay below the 2/8 level. If bears keep the price below this level, the next target for the pair will be at the 1/8 one.

At the H1 chart, Super Trends are still influenced by “bearish cross”. If later the price fails to break the 1/8 level on the first try, the market may start an ascending 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.


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.