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Murrey Math Lines 15.11.2022 (AUDUSD, NZDUSD)

15.11.2022

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is nearing the overbought area. We should expect rising over 7/8 (0.6713) and growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a breakaway of the support level of 6/8 (0.6591) downwards. In this case, the pair may fall to 5/8 (0.6469).

AUDUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is broken. This means the uptrend is active, and the probability of further growth is high.

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”

On H4, the quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is nearing the oversold area. Currently, we expect further growth of the growth to the nearest resistance level of 7/8 (0.6225). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (0.5981). This event might provoke falling of the price to 4/8 (0.5859).

NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is broken, which confirms an uptrend and increases the probability of further price growth.

NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


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