Murrey Math Lines 18.09.2017 (AUD/USD, GBP/CAD)

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has rebounded from the 3/8 level at 0.7995. Later, the price is expected to resume growing towards the 5/8 level at 0.8117.

At the H1 chart, the price may continue growing to reach 0.8117 if it fixes above the 3/8 level at 0.8026.

As we can see at the M15 chart, the price has broken the upside line of the VoltyChannel indicator. As a result, the pair may continue growing towards 0.8117.

GBP CAD, “Great Britain Pound vs Canadian Dollar”

At the H4 chart, the GBP/CAD pair is trading close to the resistance at the 8/8 level (1.6601). Later, the price is expected to test this level, rebound from it, and then continue falling to reach the 5/8 one at 1.6235.

The lines at the H4 and H1 charts are completely the same. The scenario is similar to the one described above.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 1.6235.

RoboForex Analytical Department