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 01.07.2016 (EUR/USD, USD/CHF)
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 01.07.2016 (EUR/USD, USD/CHF)


Analysis for July 1st, 2016

EUR USD, “Euro vs US Dollar”

In case of Eurodollar, the correction continues. Yesterday, the market rebounded the 1/8 level, which means that the local growth may yet continue. The closest target for bulls is at the 3/8 level. If the price rebounds from it, the market may resume moving downwards.

The lines at the H4 and H1 charts are completely the same. Earlier, Super Trends formed “bullish cross”, which also means that the ascending correction may yet continue. During the day, the price may reach a new local high.

USD CHF, “US Dollar vs Swiss Franc”

Franc hasn’t been able to stay above the 5/8 level after all, and the price has started a local descending correction. Possibly, the daily Super Trend may provide support, and if the pair rebounds from it, the market may resume its ascending movement.

At the H1 chart, Franc has rebounded from the +1/8 level and started the current descending correction. On Friday, the pair may break yesterday’s low and move towards the daily Super Trend. If later the price fails to stay below the 7/8 level, the market may resume moving upwards.

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.