RoboForex - Analytics

RoboForex

863.75 5.25/10
93% of positive reviews
Real
How to join the service?

Murrey Math Lines 11.02.2022 (Brent, S&P 500)

BRENT

As we can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving 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 correct towards the support at 4/8.

Murrey Math Lines 11.02.2022 BRENTH4
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 11.02.2022 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

In the H4 chart, after failing to break the 200-day Moving Average, the S&P Index is trading below it to indicate a descending tendency. In this case, the price is expected to break the support at 1/8 and then continue trading downwards to reach 0/8. However, this scenario may no longer be valid if the asset breaks 2/8 to the upside. After that, the instrument may grow towards the resistance at 4/8.

Murrey Math Lines 11.02.2022 S&P 500_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 downside line of the VoltyChannel indicator and, as a result, may continue its decline.

Murrey Math Lines 11.02.2022 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