RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)

07.04.2020

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is moving outside the “oversold zone” above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.

AUDUSD_H4 april 7
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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

AUDUSD_M15 april 7
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, earlier NZDUSD rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -1/8.

NZDUSD_H4 april 7
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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

NZDUSD_M15 april 7
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