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Murrey Math Lines 20.08.2019 (AUDUSD, NZDUSD)

20.08.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is moving at 3/8. In this case, the pair may break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8. After that, the instrument may continue falling to reach the support at 0/8.

AUDUSD_H4
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 again and, as a result, continue trading upwards to reach 5/8 from the H4 chart.

AUDUSD_M15
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, NZDUSD is moving below 3/8. In this case, the pair is expected to test 0/8, rebound from it, and then resume growing to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 2/8. After that, the instrument may continue growing towards the resistance at 4/8.

NZDUSD_H4
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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

NZDUSD_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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