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Murrey Math Lines 23.10.2018 (AUDUSD, NZDUSD)

23.10.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading inside the “oversold zone”. In this case, the pair is expected to break the 0/8 level and continue growing towards the 3/8 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 instrument is consolidating. Later, the pair may break the 3/8 level and continue trading downwards to reach the support at the 0/8 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”

As we can see in the H4 chart, NZDUSD has broken the 3/8 and right now is trading below it. In this case, the price is expected to continue falling towards the support at the 0/8 level.

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

In the H1 chart, the instrument may break the 5/8 level and continue trading downwards to reach the support at the 3/8 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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

NZDUSD3
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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