Murrey Math Lines 27.10.2017 (NZD/USD, EUR/GBP)
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair has reached the support at the 0/8 level at 0.6835, just as expected. 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.
EUR GBP, “Euro vs Great Britain Pound”
At the H4 chart, the EUR/GBP pair is expected to fall towards the support at the 0/8 level at 0.8789.
At the H1 chart, the pair is expected to test the resistance at the 3/8 level at 0.8880 and then resume falling. If the price rebounds from this level, the instrument may continue falling towards 0.8789.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, fail to continue its decline.
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.