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Analysis of Murray levels for EUR/USD and USD/CHF on March 3, 2016

Analysis of Murray levels on March 3, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 3, 2016

Construction of levels on the 3 hour chart matches with day chart. Market is trading in the narrow range on the mark 18 for several days that indicates on the possible beginning of the correction. After correction completed, if the price return again under the line SuperTrend that will indicate the possibility of resuming of the sliding toward the level 08.



Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 3, 2016

On the 1 hour chart, the double pullback from Murray line -18. It is not excluded that price will test the level 18 during the day, pullback from which will indicate the possible further sliding. The opposite is true as well: after the breakage of that mark price could form bigger upward correction.



USD CHF "US Dollar to Swiss Franc"

Analysis of Murray levels for USD CHF "US Dollar to Swiss Franc " on March 3, 2016

Franc correction is kept. Line of 4 hour SuperTrend and Murray mark 38 support the price. Further, resuming of growth toward the mark 58 is possible.



Analysis of Murray levels for USD CHF "US Dollar to Swiss Franc " on March 3, 2016

On the 1 hour chart – market is trading in the top part of level’s construction. Earlier, lines of SuperTrends formed the "bullish cross". If price can fix above 88 that will be a signal to continuation of growth toward the 28.

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