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Murrey Math Lines 27.10.2020 (AUDUSD, NZDUSD)

27.10.2020

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is moving below the 200-day Moving Average, thus indicating a descending tendency. In this case, the pair is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards 6/8.

Murrey Math Lines 27.10.2020 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 downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

Murrey Math Lines 27.10.2020 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”

In the H4 chart, NZDUSD is moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 6/8 and continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks the support at 5/8 to the downside. After that, the instrument may continue falling towards 4/8.

Murrey Math Lines 27.10.2020  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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

Murrey Math Lines 27.10.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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