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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 19.04.2016 (EUR/USD, GBP/JPY)
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Murrey Math Lines 19.04.2016 (EUR/USD, GBP/JPY)


Analysis for April 19th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is moving above Super Trends, which means that the ascending correction may continue. The closest target for bulls is at the 5/8 level. If the price breaks this level and stays above it, the pair may continue moving upwards.

At the H1 chart, Super Trends have formed “bullish cross”. If Eurodollar breaks the 4/8 level, it may continue growing. If later the 5/8 level is broken as well, bulls will continue pushing the price upwards

GBP JPY, “Great Britain Pound vs Japanese Yen”

The situation is quite interesting. Earlier, the pair rebounded from the 1/8 level and started moving upwards. The price has already broken the 4/8 level and almost reached the daily Super Trend. If in the nearest future the market breaks this Super Trend and stays above it, the pair will continue growing towards the 5/8 level.

At the H1 chart, after rebounding from the H1 Super Trend, the pair has broken the 8/8 level. If later the pair is able to stay above this level, the market will continue moving upwards to reach the +2/8 one.

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