RoboForex - Analytics

RoboForex

944.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines 24.08.2020 (EURUSD, GBPUSD)

24.08.2020

EURUSD, “Euro vs. US Dollar”

In the H4 chart, after breaking 5/8, EURUSD is consolidating. In this case, the price is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may continue growing to reach the closest resistance at 6/8.

Murrey Math Lines 24.08.2020  EURUSD_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, continue trading downwards.

Murrey Math Lines 24.08.2020  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”

In the H4 chart, GBPUSD is no longer moving inside the “overbought area”. The current situation implies that the price may break 7/8 and then continue falling with the target at 6/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at 1/8.

Murrey Math Lines 24.08.2020  GBPUSD_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 to reach 6/8 from the H4 chart.

Murrey Math Lines 24.08.2020  GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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