RoboForex - Analytics


916.00 5.50/10
77% of positive reviews
How to join the service?

Murrey Math Lines 23.02.2016 (EUR/USD, USD/CHF)

Analysis for February 23rd, 2016

EUR USD, “Euro vs US Dollar”

On the four-hour chart, the SuperTrend lines formed a "bearish cross". Since the market was able to gain a foothold below 3/8, now the target for sellers is the level of 0/8. In the short term a further decline in the currency pair is likely.

On the hourly chart, the market is trading in the lower part of the build-up of levels. The SuperTrend lines show support to the decline. If the price is able to break the mark 0/8, then the target will be the level of -2/8.

USD CHF , “US Dollar to Swiss franc”

The SuperTrend lines have formed a "bullish cross" on the four-hour franc chart. If the market breaks through the mark 4/8, it will indicate the possibility of a further movement of the market up. Subsequent fixing of the price above 5/8, the target will be the level 8/8.

The building of levels on both charts are identical. The price is trying to push up from the 3/8 mark and the SuperTrend lines. It is very likely that during Tuesday, price growth will resume and move to a local maximum.

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 Live Account.

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree