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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 07.04.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 07.04.2016 (EUR/USD, USD/CHF)


Analysis for April 7th, 2016

EUR USD, “Euro vs US Dollar”

Probably, Eurodollar may continue growing. The price was supported by the H4 Super Trends as it rebounded from this level several times. Consequently, on Thursday the pair may continue moving upwards to reach the 6/8 level.

At the H1 chart, Super Trends are influenced by “bullish cross”. After the price stays above the 3/8 level, it may continue growing. If later the market breaks the 4/8 level easily, it may reach the 5/8 one.

USD CHF, “US Dollar vs Swiss Franc”

After rebounding from the 3/8 level, Franc has started a new correction. If Super Trends provide support, the pair may resume its descending movement. In this case, the closest target will be at the 1/8 level.

At the H1 chart, Franc has rebounded from the 0/8 level and started a correction. Possibly, during the day the pair may test the H1 Super Trend. If the price rebounds from it, the market will resume falling. in this case, the pair may reach the -2/8 level.

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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.