RoboForex - Analytics

RoboForex

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

Murrey Math Lines 16.08.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 8/8, AUDUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 6/8, break it, and then continue falling to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 to the upside. After that, the instrument may reverse and resume growing towards 1/8.

Murrey Math Lines 16.08.2022 AUDUSDH4
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 moving downwards.

Murrey Math Lines 16.08.2022 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”

In the H4 chart, NZDUSD is trading within the “overbought area”. In this case, the price is expected to break 8/8 and continue moving downwards to reach the support at 7/8. On the other hand, 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 resume growing towards 2/8.

Murrey Math Lines 16.08.2022 NZDUSD_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 to reach 7/8 from the H4 chart.

Murrey Math Lines 16.08.2022 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