rfxsignals April 14, 2020 No Comments

Murrey Math Lines 10.04.2020 (EURUSD, GBPUSD)

10.04.2020

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading above 1/8. In this case, the pair may continue growing towards 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling to reach the support at 0/8.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is moving at 3/8. The main scenario implies that the pair is expected to break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future