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Murray Math Lines 19.07.2019 (EURUSD, GBPUSD)

19.07.2019

EURUSD

On H4 the pair has escaped the oversold area, trading above 0/8. Currently, further growth to the resistance at 3/8 is possible. The scenario will no longer be valid in case 0/8 is broken, which may lead to further decline to the support at -1/8.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 the upper line of the VoltyChannel is broken through, which increases the possibility of further growth.

EURUSD_M15_murray-eurusd-gbpusd
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD

On H4 the instrument is trading above the consolidation area. Currently, further growth to the resistance at 8/8 is expected. The scenario will no longer be valid is the price returns to the consolidation area, which may follow a breakthrough of 5/8, after which the pair may hit 4/8.

GBPUSD_H4_murray-eurusd-gbpusd
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 the upper line of the VoltyChannel is broken, which points at an ascending trend and enhances the possibility of further growth.

GBPUSD_M15_murray-eurusd-gbpusd
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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