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Murrey Math Lines 08.05.2018 (AUDUSD, NZDUSD)

08.05.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.

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

As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If later the pair breaks the 5/8 level, the instrument may resume growing to reach the resistance at the 8/8 one.

AUDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

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 break the 3/8 level and then continue growing towards the resistance at the 5/8 one.

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

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels.

NZDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

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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