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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 19.05.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 19.05.2016 (EUR/USD, USD/CHF)


Analysis for May 19th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has broken the 0/8 level and right now is trying to stay below it.  Earlier, Super Trends, formed “bearish cross” and sellers returned to the market. So, in the nearest future the pair may continue falling towards the -2/8 level.

At the H1 chart, the price is also moving at the bottom. Yesterday, Eurodollar rebounded from the H1 Super Trend and then broke the 0/8 level. Consequently, on Thursday the market may continue falling inside the “oversold zone” towards the -2/8 level.

USD CHF, “US Dollar vs Swiss Franc”

Franc has reached the upside border of the “overbought zone”. Earlier, the price rebounded from the H4 Super Trend and reached several new highs. If later the pair breaks the +2/8 level, the lines at the chart will be redrawn.

At the H1 chart, bulls got very close to the 8/8 level and may break it during the day. If later the price is able to stay above this level, in the future the pair may reach the +2/8 level.

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