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Murrey Math Lines 26.02.2018 (EURUSD, GBPUSD)

26.02.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading between the 5/8 and 6/8 levels. In this case, there are two possible scenarios. According to the first scenario, the price may break the 5/8 level and then continue falling towards the 3/8 one. The second scenario suggests that the instrument may break the 6/8 level and then continue growing towards the resistance at the 8/8 one.

EURUSD1
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 is moving between the upside and downside lines of the VoltyChannel indicator. In this case, the future price movement may become clear only after the price breaks one of these lines.

EURUSD2Risk 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 is expected to break the 3/8 level and then continue growing towards the resistance at the 5/8 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 no longer trading inside the consolidation range and may continue growing towards the resistance at the 8/8 level. However, the price may yet test the support at the 5/8 level first, rebound from it, and continue growing to reach the above-mentioned resistance.

GBPUSD2
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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

GBPUSD3Risk 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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