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 26.10.2016 (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 26.10.2016 (EUR/USD, USD/CHF)


Analysis for October 26th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the 2/8 level several times and may start a new ascending correction. The closest target is at the 3/8 level. If the price rebounds from this level, the market may resume its descending movement.

At the H1 chart, the current decline was stopped by the 0/8 level and then the price returned to the 1/8 one. It’s highly likely that in the nearest future the market may test the 2/8 level. If the pair rebounds from this level and later fixes below Super Trends, it may resume falling.

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair couldn’t fix above the 7/8 level and may soon start a new correction. The closest target for bears is at the 6/8 level. If later the price rebounds from this level, the market may resume moving upwards.

At the H1 chart, the pair wasn’t able to fix above the 7/8 level as well. During the day, the price may fall towards the 4/8 level. The future scenario depends on how the pair will move there. If it rebounds from this levels and stays above Super Trends, I’m planning to increase my long position.

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.