RoboForex - Analytics

RoboForex

863.75 5.25/10
80% of positive reviews
Real
How to join the service?

Murrey Math Lines 15.10.2021 (Brent, S&P 500)

BRENT

In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency; at the moment, it is breaking 3/8 to the upside. In this case, the price is expected to continue growing towards the resistance at 4/8. However, this scenario may no longer be valid if the asset breaks 2/8 to the downside. After that, the instrument may resume falling and reach the support at 1/8.

Murrey Math Lines 15.10.2021 BRENTH4
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 trading upwards.

Murrey Math Lines 15.10.2021 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

As we can see in the H4 chart, after breaking the 200-day Moving Average to the upside, the S&P Index is trading above it, thus indicating an ascending tendency. In this case, the price is expected to break 6/8 and then continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks 5/8 to the downside. After that, the instrument may fall towards the support at 4/8.

Murrey Math Lines 15.10.2021 S&P 500_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, may continue its decline.

Murrey Math Lines 15.10.2021 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