RoboForex - Analytics

RoboForex

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

Murrey Math Lines 22.06.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is consolidating between 3/8 and 5/8. In this case, the price is expected to test 3/8, rebound from it, and then resume moving upwards to reach the resistance at 5/8. However, this scenario may be canceled if the price breaks 3/8 to the downside. After that, the instrument may reverse and fall towards the support at 2/8.

Murrey Math Lines 22.06.2021 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 upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Murrey Math Lines 22.06.2021 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”

As we can see in the H4 chart, after breaking 2/8, NZDUSD is trading above it. In this case, the price is expected to test 3/8, break it, and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. In this case, the instrument may fall towards the support at 1/8.

Murrey Math Lines 22.06.2021 NZDUSD_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 upside line of the VoltyChannel indicator and, as a result, continue its growth to reach 4/8 from the H4 chart.

Murrey Math Lines 22.06.2021 NZDUSD_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