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Murrey Math Lines 12.09.2017 (AUD/USD, CAD/CHF)

12.09.2017

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has reached the downside border of the consolidation channel at the 3/8 level at 0.7995. Later, the price is expected to rebound from it and resume growing towards the 5/8 level at 0.8117.

The lines at the H4 and H1 charts are completely the same. The scenario is similar to the H4 chart – the price is also expected to move upwards to reach the 5/8 level at 0.8117.

At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards 0.8117.

 

CAD CHF, “Canadian Dollar vs Swiss Franc”

At the H4 chart, the CAD/CHF pair is trading inside the “overbought area” above the 1/8 level (0.7873). Later, the price is expected to break this level and continue falling to reach the 5/8 one at 0.7629.

The lines at the H4 and H1 charts are completely the same. The price is also expected to move downwards and, in case of breaking the 1/8 level at 0.7873, reach the 5/8 one at 0.7629.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 0.7629.

 

RoboForex Analytical Department

 

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.



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