RoboForex - Analytics

RoboForex

893.25 5.25/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 09.02.2018 (EURUSD, GBPUSD)

09.02.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. The price is expected to grow towards the resistance at the 5/8 level. However, the instrument may test the 4/8 level once again, rebound from it, and then start growing to reach the 5/8 one.

EURUSD1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair may break the 1/8 and then grow towards the 3/8 one. However, one shouldn’t exclude a possibility that the price may test the support at the 0/8 level, rebound from it, and then resume growing towards the 3/8 one.

EURUSD2
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 may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

EURUSD3Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may break the 1/8 level and then continue falling towards the support at the 0/8 one.

GBPUSD1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If later the price breaks the 3/8 level, the instrument may resume falling towards the support at the 0/8 one. However, there is another possible scenario, according to which the instrument may breaks the 5/8 level. In this case, the pair may resume growing towards the resistance at the 8/8 one.

GBPUSD2Risk 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.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree