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Murrey Math Lines 17.08.2018 (EURUSD, GBPUSD)

17.08.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price is expected to test the 3/8 level, rebound from it, and then continue falling towards 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 H1 chart, the pair has left the “oversold zone” and may continue growing towards the resistance at the 3/8 level, which is a bit higher than in the H4 chart.

EURUSD2
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.

EURUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to grow towards the resistance at the 2/8 level. As we can see in the H1 chart, the price has rebounded from the support at the 0/8 level and may resume growing to reach the 2/8 one.

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

In the H1 chart, the pair may break the 3/8 level and then continue trading upwards to reach the resistance at the 5/8 one.

GBPUSD2
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.

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.



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