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I_Robot
Broj poruka : 30
Points : 923
Date of Entry : 2015-05-25
Godina : 23

Re: Daily forex technical analysis & forecasts

on Mon Feb 15, 2016 2:25 pm

Murrey Math Lines 15.02.2016 (EUR/USD, GBP/JPY)

Analysis for February 15th, 2016

EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving between Super Trend, which means that the market may start a new correction. The closest target for bears is at the 3/8 level. If they break it, the price will continue falling much deeper.


At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 6/8 level and started a new correction. The closest target for sellers is at the 2/8 level. The future scenario depends on how the market will move at this level.


GBP JPY, “Great Britain Pound vs Japanese Yen”
The pair hasn’t been able to stay below the 4/8 level and right now is moving above the H4 Super Trend. Consequently, the pair may start an ascending correction. The closest target for bull is at the 6/8 level and the daily Super Trend.


At the H1 chart, Super Trends have formed “bullish cross”. Earlier, the pair rebounded from the -1/8 level. On Monday, the price may continue moving upwards to reach the 4/8 level.
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I_Robot
Broj poruka : 30
Points : 923
Date of Entry : 2015-05-25
Godina : 23

Re: Daily forex technical analysis & forecasts

on Tue Feb 16, 2016 3:53 pm

Fibonacci Retracements Analysis 16.02.2016 (EUR/USD, EUR/GBP)



Analysis for February 16th, 2016

EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the group of upper fibo-levels and started a new correction. The closest target is the group of local retracements at 1.1100. If the price breaks them, the market may continue falling.


At the H1 chart, the downside target is confirmed by the local retracements. It’s highly likely that on Tuesday, the pair may break yesterday’s low.


EUR GBP, “Euro vs Great Britain Pound”
Europound has successfully reached its upside targets and right now is being corrected. After a short-term correction, the price may continue falling towards the group of local retracements at 0.7690.


At the H1 chart, the closest targets of the current descending movement are confirmed by local retracements. If the pair rebounds from the correctional retracement of 38.2%, Europound may start a new descending movement.
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I_Robot
Broj poruka : 30
Points : 923
Date of Entry : 2015-05-25
Godina : 23

Re: Daily forex technical analysis & forecasts

on Fri Feb 19, 2016 3:18 pm

Fibonacci Retracements Analysis 19.02.2016 (EUR/USD, EUR/GBP)


EUR USD, “Euro vs US Dollar”
Yesterday, Eurodollar reached its local target near the group of fibo-levels and then started a new correction. Probably, this pullback won’t take much time. Later, the market may continue falling towards the group of retracements at 1.1025.

At the H1 chart, the first target of the correction is the retracement of 23.6%. If the price rebounds from it, the pair may resume its decline and break the low reached earlier.


EUR GBP, “Euro vs Great Britain Pound”
Europound has successfully reached its upside targets and started falling. After completing the local correction, the price may continue falling towards the group of local retracements at 0.7690.

At the H1 chart, the closest targets of the current descending movement are confirmed by local retracements. If the pair rebounds from the correctional retracement of 61.8%, it may start a new descending movement.
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