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 10.10.2016 (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 10.10.2016 (EUR/USD, NZD/JPY)


Analysis for October 10th, 2016

EUR USD, “Euro vs US Dollar”

Last Friday, the EUR/USD pair rebounded from the 0/8 level and, as a result, started growing very fast. Before that, the price had been supported by the 1/8 level twice. Consequently, in the nearest future the market may move upwards to reach the 5/8 level, which earlier provided a significant resistance.

At the H1 chart, the pair rebounded from the 0/8 level as well and then Super Trends formed “bullish cross”, which means that the price may start a short-term growth at least. At the same time, during the day the market may be corrected towards the 4/8 level. After reaching this level, it may rebound and attempt to start a new ascending movement.

NZD JPY, “New Zealand Dollar vs Japanese Yen”

The NZD/JPY pair couldn’t stay above the 7/8 level and right now is moving under Super Trends. Several days earlier, the price had rebounded from the +1/8 level. As a result, in the nearest future, the market may fall towards the 4/8 level.

At the H1 chart, the pair rebounded from the 7/8 level twice and then Super Trends formed “bearish cross”. The situation being what it is, the market may continue falling towards the 1/8 level. To confirm this scenario, the pair has to break the 4/8 level and fix below it. .

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.