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 23.11.2016 (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 23.11.2016 (EUR/USD, USD/CHF)

23.11.2016

Analysis for November 23rd, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still consolidating below the H4 Super Trend. If later the price is able to stay below the -1/8 level, the market will continue its decline. The closest target is at the -2/8 level.



At the H1 chart, the pair is consolidating between Super Trends, which are still influenced by “bearish cross”. On Wednesday, the price may continue the current correction and test the local low, but later the market is expected to start a new descending movement towards the 0/8 level.




USD CHF, “US Dollar vs Swiss Franc”

The 3/8 level provided resistance. At the same time, the H4 Super Trend is a support level, as the price already rebounded from it earlier. On Wednesday, the USD/CHF pair may test the Super Trend again. If the market rebounds from it, the pair may resume moving upwards.



As we can see at the H1 chart, the pair rebounded from the 8/8 level and started a new local correction. Later, the price may test the 6/8 level. If the pair rebounds from it to the upside, the market will resume growing and may break the previous 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.

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.