RoboForex - Analytics

RoboForex

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

Murrey Math Lines 30.05.2022 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD is within the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid if the price breaks the resistance at 1/8 to the upside. After that, the instrument may reverse and grow towards the next resistance at 2/8.

Murrey Math Lines 30.05.2022 EURUSD
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 30.05.2022 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, GBPUSD is also trading above it, thus indicating an ascending tendency. In this case, the price is expected to test 4/8, break it, and then continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks the support 3/8 to the downside. After that, the instrument may fall towards 2/8.

Murrey Math Lines 30.05.2022 GBPUSD
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, continue its growth.

Murrey Math Lines 30.05.2022 GBPUSD
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