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Murrey Math Lines 04.07.2017 (USD/CHF, NZD/USD)

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is still trading to the downside with the target at the 0/8 level at 0.9521.

As we can see at the H1 chart, the pair confirms the above-said as it is also moving close to the resistance at the 4/8 level, at 0.9643. The price is expected to rebounds from this level and continue falling towards the 0/8 one at 0.9521.

At the M15 chart, we should wait until the pair breaks the downside line of the VoltyChannel indicator and then may open a short position. The Stop Loss is beyond the 5/8 level from the H1 chart at 0.9704; the downside target is at the 0/8 level from the H4 chart at 0.9521.

 

NZD/USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair rebounded from the resistance at the 8/8 level at 0.7324, which means that it may start a new descending tendency with the first target at the 5/8 one at 0.7141.

As we can see at the H1 chart, the pair is expected to break the support at the 4/8 level at 0.7263 and then continue moving downwards.

At the M15 chart, the pair broke the downside line of the VoltyChannel indicator. As a result, we may start selling at the current price, but we should wait until the pair breaks the 4/8 level from the H1 chart at 0.7263. We may open a short position at 0.7260 with the Stop Loss beyond the 6/8 level from the H1 chart at 0.7293. The downside target is at the 5/8 level from the H4 chart at 0.7141.

 

RoboForex Analytical Department

 



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