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Murrey Math Lines 14.05.2019 (AUDUSD, NZDUSD)

14.05.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading inside the “oversold zone”. In this case, the pair may break the 0/8 level and continue growing towards the resistance at the 3/8 one. However, this scenario may be cancelled if the instrument breaks the -2/8 level. In this case, the lines in the chart will be redrawn to define further downside targets.

AUDUSD1
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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading 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”

As we can see in the H4 chart, NZDUSD is consolidating and may continue falling towards the 3/8 level. However, this scenario may be cancelled if the instrument breaks the 4/8 level. In this case, the pair may resume growing to reach resistance at the 5/8 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 trading upwards.

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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