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Murrey Math Lines 23.04.2018 (EURUSD, GBPUSD)

23.04.2018

EURUSD, “Euro vs. US Dollar”

In the H1 chart, the pair has broken the 3/8 level and is no longer consolidating. Later, the price is expected to continue moving downwards to reach the support at the 0/8 one.

EURUSD1
Risk Warning: the result 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.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the pair has broken the 3/8 level and is no longer consolidating. Later, the price is expected to fall towards the 2/8 level.

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

In the H1 chart, the instrument may move downwards to reach the support at the 0/8 level.

GBPUSD2
Risk Warning: the result 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 to reach 1.3916.

GBPUSD3
Risk Warning: the result 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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