RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 30.07.2018 (EURUSD, GBPUSD)

30.07.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading close to the 3/8 level. In this case, the price may resume trading both upwards and downwards. If the pair breaks the resistance at 1.1664, the instrument may grow towards the 4/8 level. In case of breaking the support at 1.1650, the market may resume falling to reach 1.1535.

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. However, if the price breaks the upside line, the tendency may change. In this case, the instrument is expected to grow towards the resistance at 1.1718.

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, GBPUSD failed to break the 3/8 level last Friday. In this case, the price is expected to resume falling towards the support at the 1/8 level.

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

In the H1 chart, the price may continue falling towards the support at the 5/8 one.

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.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree