RoboForex - Analytics

RoboForex

929.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines 21.02.2020 (EURUSD, GBPUSD)

21.02.2020

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still moving downwards. In this case, the price is expected to continue trading downwards to reach -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may start a new correctional uptrend towards the resistance at 2/8.

EURUSD_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 downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there has been a false breakout of 3/8. In this case, GBPUSD is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 and fixes below it. After that, the instrument is expected to continue falling to reach the support at 1/8.

GBPUSD_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 and, as a result, continue trading upwards.

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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree