RoboForex - Analytics

RoboForex

986.75 5.25/10
76% of positive reviews
Real
How to join the service?

Murray Math Lines 24.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar"

Murray Math Lines 24.05.2017 (EUR/USD)

The EUR/USD pair has rebounded from the 4/8 level and held under the Super Trend H4-line. Consequently, in the near-term the pair can lower to reach 3/8 level. If this level is broken through, we can see the pair moving further towards 2/8.

 

Murray Math Lines 24.05.2017 (EUR/USD)

On the H1-chart, the Super Trend lines have formed a "bearish cross". The nearest target is the 6/8 level. If the price breaks through and holds under it, a yet another descending move towards the 4/8 level will be possible.

 

GBP JPY "Great Britain Pound vs Japanese Yen"

Murray Math Lines 24.05.2017 (GBP/JPY)

The cross keeps consolidating. Earlier the Super Trend lines formed a "bearish cross". If the price holds under the 5/8 level afterwards, the market can resume moving downwards to reach 3/8 level.

 

Murray Math Lines 24.05.2017 (GBP/JPY)

On the H1-chart the price is being traded between the levels. This continued downside movement is confirmed when a rebound from the 4/8 level occurs and the price holds under the Super Trend lines. If this happens, the level -2/8.will become the next target for the price.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree