Murrey Math Lines 17.08.2017 (AUD/CHF, EUR/JPY)

AUD CHF, “Australian Dollar vs Swiss Franc”

As we can see at the H4 chart, the AUD/CHF pair has broken the 5/8 level at 0.7629. If the price breaks this level to the downside again, it may resume moving downwards with the first target at the 3/8 one at 0.7507.

At the H1 chart, the pair is trading close to the resistance at the 3/8 level at 0.7659. If the price rebounds from this level, it may continue falling to reach 0.7507.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator. As a result, the price may continue moving downwards and reach 0.7507.

EUR JPY, “Euro vs. Japanese Yen”

At the H4 chart, the EUR/JPY pair is trading below the 5/8 level at 128.90. The price is expected to reach this level once again, rebound from it, and then start growing towards the 8/8 one at 131.25.

As we can see at the H1 chart, the price may fail to break the 3/8 level at 129.29. In this case, the pair may start growing from the current levels.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 131.25.

RoboForex Analytical Department