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Murray Math Lines 19.08.2019 (EURUSD, GBPUSD)

19.08.2019

EURUSD

On H4 EURUSD keeps trading under the consolidation range, which signifies possible decline to the support at 0/8. The scenario may no longer be valid if the level of 2/8 is broken away, which may raise the pair to the resistance at 4/8.

EURUSD_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 through which signifies prevalence of a downtrend and a high probability of further decline.

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

GBPUSD

On H4 the pair is trading in the consolidation range between 3/8 and 5/8. In this situation, correctional growth to the resistance at 5/8. The scenario may no longer be valid in case 3/8 is broken away, which may lead to further decline 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 upper border of the VoltyChannel is broken away, which increases the possibility of further price growth.

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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