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Murrey Math Lines 17.10.2017 (NZD/CHF, EUR/JPY)

17.10.2017

NZD CHF, “New Zealand Dollar vs Swiss Franc”

As we can see at the H4 chart, the NZD/CHF pair has rebounded from the 3/8 level at 0.7019. Later, the price is expected to resume moving downwards to reach the support at the 0/8 level at 0.6835.

 NZDCHF1

At the H1 chart, the resistance at the 8/8 level (0.7019) is the same as the 3/8 level at the H4 chart. The price has also rebounded from the 8/8 level and may continue falling towards 0.6835.

NZDCHF2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 0.6835.

NZDCHF3

 

EUR JPY, “Euro vs. Japanese Yen”

As we can see at the H4 chart, the EUR/JPY pair is trading at the 5/8 level at 132.03. If the price rebounds from this level, it may resume growing towards the resistance at the 8/8 one (134.37).

 EURJPY1

At the H1 chart, the price is moving close to the support at the 0/8 level at 132.03, which means that it may continue growing with the target at 134.37.

EURJPY2

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 134.37.

EURJPY3

 

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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