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Murrey Math Lines 24.04.2018 (AUDUSD, NZDUSD)

24.04.2018

AUDUSD, “Australian Dollar vs US Dollar”

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

AUDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the price is expected to test the 2/8 level, rebound from it, and then continue falling to reach the support at the 0/8 one. Also, one shouldn’t exclude a possibility that the instrument may test the 3/8 level.

AUDUSD2
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 trading downwards.

AUDUSD3
Risk Warning: the result 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 is expected to fall towards the downside border of the consolidation range at the 3/8 level.

NZDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

NZDUSD
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, continue moving downwards.

NZDUSD3
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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