RoboForex - Analytics


863.75 5.25/10
80% of positive reviews
How to join the service?

Murrey Math Lines 20.04.2015 (EUR/USD, GBP/JPY)

Analysis for April 20th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is quite steadily moving above Super Trends, which may form “bullish cross” in the nearest future. If the pair is able to stay above the 5/8 level, the market may continue growing towards the 7/8 one.

As we can see at the H1 chart, last week Super Trends formed “bullish cross”. possibly, in the nearest future the market may grow to reach the 8/8 level. After reaching it, the pair may start a new local correction.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The price is back to growing; earlier it rebounded from the 0/8 level. Probably, the pair may reach the 4/8 level during this week. If later it breaks this level, bulls may continue pushing the market upwards.

At the H1 chart, the pair is moving in the middle. The price was supported by the 3/8 level, which means that the uptrend may resume. However, this scenario will be confirmed only after the price is able to stay above the 4/8 level first and then above the 5/8 one as well.

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 Live Account.

To leave a comment you must or Join us

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