Murray Math Lines 26.07.2017 (USD/CAD, NZD/USD)

26.07.2017

USD/CAD

The H4-chart shows that the USD/CAD pair is trading within the buying area between -1/8 and -2/8 levels. If price breaks through -1/8 level (1.2573), this can trigger a possible rise towards 3/8 level (1.3061).

USDCAD, Timeframe H4

The price stands at 5/8 level (1.2512) on the H1-chart. If this level is rebounded from, a further rise towards 8/8 level is possible. If this happens, the pair can move higher towards 1.3061.

USDCAD, Timeframe H1

The upper line of VoltyChannel indicator has been broken on the M15 chart, however, the pair is moving below the indicator line. Therefore, it is better to wait for a breakout of 1.2532 level. If this happens, the pair can easily move higher towards 1.3061.

USDCAD, Timeframe M15

NZD/USD

The NZD/USD pair has broken through the 5/8 level (0.7385), and this clears the way for further upward leg towards the 8/8 level (0.7568).

NZDUSD, Timeframe H4

A breakout of the 8/8 level (0.7463) on the H1-chart can trigger a rise towards 0.7568.

NZDUSD, Timeframe H1

The M15-chart shows that a breakout of the upper line of VoltyChannel indicator is being awaited. If this line is indeed broken, it will be better to wait for hitting the 0.7446 level. As the result, the pair can move higher towards 0.7568.

NZDUSD, Timeframe M15

Attention!

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.