RoboForex - Analytics

RoboForex

906.25 5.25/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 25.10.2016 (EUR/USD, NZD/JPY)

Analysis for October 25th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is being corrected under the H4 Super Trend. Earlier, the price fixed below the 3/8 level. Consequently, in the nearest future the market may continue falling towards the 1/8 level.



At the H1 chart, the pair is trying to enter the “oversold zone”. It’s highly likely that in the nearest future the market may break the 0/8 level and then continue falling towards the -2/8 one.




NZD JPY, “New Zealand Dollar vs Japanese Yen”

In case of the NZD/JPY pair, the current situation is rather interesting. After rebounding from the 8/8 level twice, the market is trying to start a new bearish correction. As a result, during the next several days, the price may continue falling to reach the 6/8 level.



At the H1 chart, the first part of the correction was stopped by the 6/8 level. If the market breaks Super Trends downwards, it may start moving towards the 4/8 level.



 
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