RoboForex - Analytics

RoboForex

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

Murrey Math Lines 05.12.2022 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

On H4, the quotes are above the 200-day Moving Average, which signifies prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, the quotes are expected to test 7/8 (1.0620), a bounce off it, and falling to the support level of 5/8 (1.0376). The scenario can be cancelled by rising over 7/8 (1.0620), in which case the pair should continue growing and reach 8/8 (1.0742).

Murrey Math Lines 05.12.2022 EURUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is too far from the current price, so a signal to fall will be a bounce off 7/8 (1.0620) on H4.

Murrey Math Lines 05.12.2022 EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

The situation of the GBPUSD chart is similar. On H4, the quotes are above the 200-day Moving Average, and the RSI is nearing the overbought area. A test of 7/8 (1.2451) is expected, followed by a bounce off it and falling to the support level of 5/8 (1.1962). The scenario can be cancelled by rising over the resistance level of 7/8 (1.2451), which might provoke further growth to 8/8 (1.2695).

Murrey Math Lines 05.12.2022 GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is too far from the current price, so a signal to fall will be a bounce off 7/8 (1.2451) on H4.

Murrey Math Lines 05.12.2022 GBPUSD_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