RoboForex - Analytics


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Murrey Math Lines 16.08.2017 (AUD/USD, EUR/GBP)

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair is trading between the 3/8 and 5/8 levels. By now, it has rebounded from the 4/8 level at 0.7812. Possibly, the price may grow to reach the 5/8 level at 0.7934, break it, and then continue moving towards the 8/8 one at 0.8300.

At the H1 chart, the pair rebounded from the 0/8 level at 0.7812, which means that it may continue moving upwards.

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator. As a result, the price may continue growing.


EUR GBP, “Euro vs Great Britain Pound”

As we can see at the H4 chart, the EUR/GBP pair has broken the 5/8 level at 0.9094 and fixed above it. As a result, the price may continue growing towards the 8/8 level at 0.9277.

At the H1 chart, the pair may rebound from the 6/8 level at 0.9094 on its way to the 8/8 one at 0.9155. Later, the instrument may resume moving upwards to break the 8/8 level at 0.9155 and then continue growing towards 0.9277.


RoboForex Analytical Department


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