RoboForex - Analytics

RoboForex

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

Murrey Math Lines 19.08.2022 (Brent, S&P 500)

BRENT

In the H4 chart, Brent is trading within the “oversold area”. In this case, the price is expected to test 0/8, break it, and then continue moving upwards to reach the resistance at 1/8. However, this scenario may no longer be valid if the asset breaks the support at -1/8 to the downside. After that, the instrument may reverse and fall to return to -2/8.

Murrey Math Lines 19.08.2022 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 its growth towards 1/8 from the H4 chart.

Murrey Math Lines 19.08.2022 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, the S&P Index is trading above it to indicate a possible ascending tendency. In this case, the price is expected to break 4/8 and continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the asset breaks the support at 3/8 to the downside. After that, the instrument may reverse and fall to reach 2/8.

Murrey Math Lines 19.08.2022 S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Murrey Math Lines 19.08.2022 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