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Murrey Math Lines 01.09.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotations are trading in the overbought area. In this situation, a breakaway of 1/8 will signal a probable decline to the support at 7/8. The scenario may be canceled by a breakaway of 2/8, which will reshuffle Murray indication and set new goals of the price growth.

Murrey Math Lines 01.09.2020 AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the decline is additionally confirmed by a breakaway of the VoltyChannel lower line.

Murrey Math Lines 01.09.2020 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”

On H4, these quotations are also trading in the overbought area. In this situation, a breakaway of 1/8 will entail a decline to the support at 7/8. This scenario might be canceled by a breakaway of 2/8, which will reshuffle Murray indication.

Murrey Math Lines 01.09.2020 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the VoltyChannel lower line will increase the probability of falling to 7/8 on H4.

Murrey Math Lines 01.09.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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