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 02.11.2016 (EUR/USD, NZD/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 02.11.2016 (EUR/USD, NZD/JPY)


Analysis for November 2nd, 2016

EUR USD, “Euro vs US Dollar”

In case of the EUR/USD pair, the ascending correction continues. Taking into account that earlier the price rebounded from the 2/8 level, the pair may resume falling if the 6/8 level provides resistance. In this case, the first target for bears will be at the 5/8 level. If later the price breaks this levels and stays below it, the market may test 4/8 one.

At the H1 chart, the pair is approaching the 8/8 level. If later the price rebounds from this level, it may start a new descending correction with the closest target at the 6/8 one.

NZD JPY, “New Zealand Dollar vs Japanese Yen”

In case of the NZD/JPY pair, the current situation is rather interesting. After rebounding from the +1/8 level, the market is trying to fix below the 8/8 one. As a result, in the nearest future the price may continue falling to reach the 6/8 level and the daily Super Trend.

At the H1 chart, the pair is moving in the middle. If the price is able to stay below the 4/8 level and then breaks the 3/8 one, the market will start a short-term decline towards the 0/8 level.

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.