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Murray Math Lines 26.07.2019 (EURUSD, GBPUSD)

26.07.2019

EURUSD

On H4 EURUSD is trading in a descending channel. In this situation a breakaway of 3/8 may lead to correction growth to the resistance at 4/8. A breakaway of 2/8 may signal continuation of the downtrend, which may result in a fall to the support at 0/8.

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

On M15 a breakaway of the lower line of the VoltyChannel may increase the possibility of further price decline.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD

On H4 the instrument is also trading in a downtrend. A breakaway of 5/8 may result in a trend reversal and growth to the resistance at 7/8. A breakaway of 3/8 may signal continuation of the trend, leading to a decrease to the support at 1/8.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 the lower line of the VoltyChannel is broken. This signals predominance of the downtrend and a high possibility of further decline.

GBPUSD_M15
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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