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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 12.04.2016 (EUR/USD, USD/CAD)
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Murrey Math Lines 12.04.2016 (EUR/USD, USD/CAD)

12.04.2016

Analysis for April 12th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still consolidating above the 5/8 level and the H4 Super Trend. In the nearest future, the market may test these levels one more time. If the price rebounds from them again, the pair may continue moving upwards. In this case, the target will be at the 7/8 level.



At the H1 chart, Eurodollar has rebounded from the 7/8 level again, so it may yet continue moving inside the flat. The closest target is at the 4/8 one. If later the pair rebounds from this level, the market may resume its growth.




USD CAD, “US Dollar vs Canadian Dollar”

The pair continues falling quite fast. Earlier, the price rebounded from the 4/8 level and the daily Super Trend several times. If Canadian Dollar is able to stay under the 2/8 level, the market may continue falling towards the 0/8 one.



At the H1 chart, the price is moving in the middle. Earlier, Super Trends formed “bearish cross”. If the pair is able to stay below the 3/8 level during the day, it may continue moving downwards to reach the 0/8 one.



 
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