Murrey Math Lines 06.02.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is consolidating. The price is expected to test the support at the 4/8 level, rebound from it, and then resume growing towards the 5/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is expected to test the support at the 0/8 level, rebound from it, and then resume growing towards the 2/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may break the 7/8 level and, as a result, resume falling towards the 5/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is trying to fix inside the consolidation range between the 3/8 and 5/8 levels. If the price breaks break the 3/8 level, it may continue falling towards the support at the 0/8 one.
Risk Warning: the results 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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.