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 24.08.2016 (EUR/USD, USD/JPY)
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 24.08.2016 (EUR/USD, USD/JPY)


Analysis for August 24th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has rebounded from the 6/8 level twice and broken the H4 Super Trend, which means that it may yet continue moving downwards. The closest target is at the 4/8 level, which is confirmed by the daily Super Trend. If the price breaks both of these levels, the market will continue falling.

At the H1 chart, Super Trends have formed “bearish cross”. Yesterday, the pair rebounded from the 8/8 level for the second time over the last several days. Consequently, in the nearest future the price may test the 4/8 level. The future scenario depends on how the market will move at this level.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still consolidating. Yesterday, the price rebounded from the H4 Super Trend once again, which means that it may resume moving downwards. If the market breaks the 0/8 level in the nearest future, it may reach the -2/8 one quite soon.

As we can see at the H1 chart, Super Trends are still influenced by “bearish cross”. Earlier, the pair rebounded from the 2/8 level and started consolidating, which means that it may start another descending movement. The closest target is at -2/8 level. If the pair breaks it, the lines at the chart will be redrawn.

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.