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Murrey Math Lines 18.06.2019 (AUDUSD, NZDUSD)

18.06.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the descending tendency continues; AUDUSD has reached the “oversold area”. In this case, the price may rebound from the support at 0/8 and resume growing towards the resistance at 3/8. Otherwise, the instrument may continue falling to reach the next target at -1/8.

AUDUSD_H4_Анализ уровней Мюррея
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.

AUDUSD_H1_Анализ уровней Мюррея
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 also trading downwards, but hasn’t reached its predicted target at 0/8 yet, that’s why the decline may continue. If the pair rebounds from the support at 0/8, the price may resume growing to reach the resistance at 3/8. Otherwise, the instrument may continue falling towards -1/8 and -2/8.

NZDUSD_H4_Анализ уровней Мюррея
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.

NZDUSD_H1_Анализ уровней Мюррея
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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