RoboForex - Analytics

RoboForex

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

Murray Math Lines 11.12.2020 (BRENT, S&P 500)

BRENT

On H4, the quotations are trading above the 200-days Moving Average, revealing the prevalence of an uptrend. However, the price is already in the overbought area. Hence, we currently expect the level of 8/8 to be broken and the price to fall to the nearest support at 7/8. The scenario can be canceled by a breakaway of 1/8, which will drive the price to the resistance at 2/8.

Murray Math Lines 11.12.2020 BRENT_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower border of the VoltyChannel indicator can become another signal supporting the decline.

Murray Math Lines 11.12.2020 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

On H4, the quotations are also trading above the 200-days Moving Average, revealing the prevalence of an uptrend. We currently expect another breakaway of 7/8, which might provoke growth to the resistance at 8/8. If the price fails to overcome 7/8 one of these days, the quotations might correct to the support at 6/8.

Murray Math Lines 11.12.2020 S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of the VoltyChannel indicator can become another signal supporting the growth.

Murray Math Lines 11.12.2020 S&P 500_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