Murrey Math Lines 31.10.2017 (EUR/USD, NZD/USD)
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD pair has rebounded from the 3/8 level at 1.1657 and may continue moving downwards to reach the 0/8 one at 1.1474.
The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.1474.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair is trading near the support at the 0/8 level at 0.6835. The price may rebound from this level and then resume growing towards the 3/8 one at 0.7019.
The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7019.
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.