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Murrey Math Lines 22.05.2018 (AUDUSD, NZDUSD)

22.05.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to grow towards the resistance at the 5/8 level.

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

In the H1 chart, the price may break the 8/8 level and then continue falling to reach the support at the 6/8 one.

AUDUSD2
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 2/8 level and then continue growing towards the resistance at the 3/8 one.

NZDUSD1
Risk Warning: the result 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 the price breaks the 4/8 level, it may continue growing towards the 5/8 one.

NZDUSD2
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 upside line of the VoltyChannel indicator and, as a result, may 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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