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 07.10.2016 (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 07.10.2016 (EUR/USD, USD/CHF)


Analysis for October 7th, 2016

EUR USD, “Euro vs US Dollar”

After several rebounds from the 4/8 level, the EUR/USD pair is trying to resume its decline. The price broke the low, but couldn’t break the 0/8 level. As a result, in the nearest future the local correction may continue, but later the market is expected to attempt to enter the “oversold zone” once again.

At the H1 chart, bears were stopped by the 0/8 level and the pair started a new local ascending correction with the closest possible target at the 2/8 one. If the market rebounds from this level, it may resume moving downwards.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is moving inside the “overbought zone” steadily; Super Trends formed “bullish cross”. Consequently, after completing the local correction, the price may continue growing. If later bulls break the +2/8 level, the lines at the chart will redrawn.

At the H1 chart, the pair reached the 6/8 level and started the current descending correction. If later the price is supported by the 5/8 level, the market will resume its growth and break the local high.

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.