Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 21.04.2016 (EUR/USD, GBP/JPY)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

Murrey Math Lines 21.04.2016 (EUR/USD, GBP/JPY)


Analysis for April 21st, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is moving between Super Trends. If later the pair breaks the daily Super Trend, the market will continue falling towards the 4/8 level. If this level is broken as well, bears will continue pushing the price much deeper.

At the H1 chart, Super Trends formed “bearish cross”. Later, after reaching the 2/8 level, Eurodollar started a correction, which may finish during the day. Consequently, in the nearest future the market may resume falling to reach the 0/8 level.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The price has been able to stay above Super Trends.  Earlier, the pair rebounded from the 1/8 level, thus reversing the trend upwards. In the nearest future, the market may continue growing; the closest target for bulls is at the 7/8 level.

At the H1 chart, the current ascending movement is supported by the Moving Averages. Earlier, the pair managed to stay above the 5/8 level, which means that the market may continue moving upwards to reach the 8/8 one.

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.


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.