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Murrey Math Lines 22.03.2019 (EURUSD, GBPUSD)

22.03.2019

EURUSD

On H4, the EURUSD is expected to bounce off 5/8 and reach the support at 3/8.

EURUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

H1 charts show the same Murrey levels as H4, thus confirming the prediction mentioned above.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower VoltyChannel line has been broken out, which makes the price fall even more likely.

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

GBPUSD

On H4, the GBP/USD is trading within a consolidation range. Now, once 3/8 gets broken out, the price may fall further to reach the support at 1/8.

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

On H1, the 3/8 breakout may also lead to the price fall. The support at 0/8 may become the first downtrend target.

GBPUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower VoltyChannel line has been broken out, which makes the price fall even more likely.

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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