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Murrey Math Lines 31.10.2017 (EUR/USD, NZD/USD)

31.10.2017

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart, the EUR/USD pair has rebounded from the 3/8 level at 1.1657 and may continue moving downwards to reach the 0/8 one at 1.1474.

EURUSD1

The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.

EURUSD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.1474.

EURUSD3

 

NZD USD, “New Zealand Dollar vs US Dollar”

As we can see at the H4 chart, the NZD/USD pair is trading near the support at the 0/8 level at 0.6835. The price may rebound from this level and then resume growing towards the 3/8 one at 0.7019.

NZDUSD1

The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.

NZDUSD2

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7019.

NZDUSD3

 

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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