RoboForex - Analytics


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

Murrey Math Lines 10.08.2016 (EUR/USD, GBP/USD)

Analysis for August 10th, 2016

EUR USD, “Euro vs US Dollar”

The current ascending correction is becoming deeper. However, taking into account the fact that earlier the price rebounded from the 4/8 level, in the future it is expected to resume falling. To confirm this scenario, the market has to fix below the 6/8 level.

As we can see at the H1 chart, Super Trends have formed “bullish cross”. Taking into account the fact that earlier the price rebounded from the 2/8 level, the current ascending movement may stop at the 6/8 one. After that, the market may resume falling.

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chat, Super Trends are still influenced by “bearish cross”. If the price is able to stay under the H4 Super Trend again, the market will continue falling towards the 0/8 level.

I opened a sell order when the price was trying to stay below Super Trends. Consequently, if the pair stays below the 2/8 level, the next target will be at the -2/8 one. After this level is broken, 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.

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