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Murrey Math Lines 09.10.2018 (AUDUSD, NZDUSD)

09.10.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is no longer trading inside the “oversold zone”. In this case, the price is expected to grow towards the 3/8 level.

AUDUSD
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.

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 upside line of the VoltyChannel indicator and, as a result, may continue moving 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 trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and 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 M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

NZDUSD2
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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