RoboForex - Analytics

RoboForex

916.00 5.25/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 28.05.2019 (AUDUSD, NZDUSD)

28.05.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, market players have been able not only to prevent AUDUSD from falling, but also attempted to push it upwards. Another thing to confirm a reverse was breakout of the downtrend line. As a result, in the nearest future the price may continue growing towards the 3/8 level. However, this scenario may no longer be valid if the instrument breaks the 1/8 level. In this case, the pair may resume falling to reach the support at the 0/8 one.

AUDUSD1
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, trade upwards to continue the ascending tendency.

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”

In the H4 chart, last week the pair was trying to break its consolidation range and continue falling, and it did succeed for a while. However, right now it is consolidating again: it tested the 3/8 level, but rebounded from it and may resume growing towards the resistance at the 5/8 one. However, this scenario may no longer be valid if the breaks the 3/8 level downwards. In this case, bears will continue dominating and the pair may resume falling to reach support at the 2/8 level.

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

In the H1 chart, the pair is trying to break its consolidation range upwards to continue the ascending tendency. In this case, the price may break the 6/8 level and then continue growing towards the resistance at the 8/8 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 upside line of the VoltyChannel indicator and, as a result, may trade 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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree