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 21.09.2016 (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 21.09.2016 (EUR/USD, USD/CHF)


Analysis for September 21st, 2016

EUR USD, “Euro vs US Dollar”

After failing to break the H4 Super Trend, the EUR/USD pair reached a new local low. On Wednesday, the local correction with the target at the 3/8 level may take place. If the market rebounds from this level, it will resume falling to reach the 1/8 one.

At the H1 chart, Super Trends are still influenced by “bearish cross”. The pair couldn’t stay under the 5/8 level and started a new local correction. If later the price rebounds from the 6/8 level, the market will start a new descending movement.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is moving inside the “overbought zone”. It’s highly likely that during the day the price may test the 8/8 level one more time. If the market rebounds from this level, it may resume moving upwards. The closest target is at the +2/8 level.

At the H1 chart, the situation is similar. To confirm a new growth, the pair has to fix above Super Trends. As soon as it happens, I’m planning to increase my long positions.

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.