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Murrey Math Lines 06.02.2018 (AUDUSD, NZDUSD)

06.02.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating. The price is expected to test the support at the 4/8 level, rebound from it, and then resume growing towards the 5/8 one.

AUDUSD1

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair is expected to test the support at the 0/8 level, rebound from it, and then resume growing towards the 2/8 one.

AUDUSD2

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD may break the 7/8 level and, as a result, resume falling towards the 5/8 one.

NZDUSD1

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair is trying to fix inside the consolidation range between the 3/8 and 5/8 levels. If the price breaks break the 3/8 level, it may continue falling towards the support at the 0/8 one.

NZDUSD2

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

NZDUSD3

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

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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