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Murrey Math Lines 19.10.2017 (EUR/USD, AUD/USD)

19.10.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart, after breaking the 1/8 level at 1.1779, the EUR/USD pair started moving towards its first target at the 3/8 one at 1.1901.

EURUSD1

At the H1 chart, the pair may be corrected towards the 2/8 level at 1.1779, rebound from it, and then resume growing to reach 1.1901. If the price breaks the 3/8 level at 1.1810, this scenario may be cancelled.

EURUSD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing to reach 1.1901.

EURUSD3

 

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, yesterday the AUD/USD pair rebounded from the support at the 0/8 level at 0.7812, which means that the instrument may continue growing to reach 0.7995.

 AUDUSD1

As we can see at the H1 chart, the pair has fixed above the 5/8 level at 0.7843 and, as a result, may continue moving upwards with the target at 0.7995.

AUDUSD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and is expected to continue growing.

AUDUSD3

 

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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