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 21.11.2016 (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 21.11.2016 (EUR/USD, USD/CHF)

21.11.2016

Analysis for November 21st, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is moving below the H4 Super Trend and testing the -1/8 level. If the price rebounds from this level, it may resume moving downwards. The closest target for bears is at the -2/8 level. In case this level is broken, the lines at the chart will be redrawn.



The lines at the H4 and H1 charts are completely the same. Super Trends are still influenced by “bearish cross”. To confirm a new decline, the price has to fix below the H1 Super Trend.




USD CHF, “US Dollar vs Swiss Franc”

After rebounding from the -1/8 level, the USD/CHF pair started a fast growth. In the nearest future, the local correction may take place. If later the price rebounds from the H4 Super Trend, the market may resume moving upwards.



At the H1 chart, the pair is being corrected between Super Trends. If later the price break the 3/8 level and stays above it, the market will continue growing towards the 4/8 one.



 
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.

Attention!

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.