Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD)

2019-04-15 15:01    RoboForex

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD rebounded from the 3/8 level last Friday. In this case, the price is expected to resume falling to reach the support at the 1/8 level.

Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 1
Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 2

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 3
Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 4

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 5
Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD) Institution Opinions 6

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is still trading below the 3/8 level and may continue falling towards the support at the 0/8 one.


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair may break the 5/8 level and move downwards to reach the support at the 0/8 one.

GBPUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP

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