RoboForex - Analytics

RoboForex

863.75 5.25/10
93% of positive reviews
Real
How to join the service?

Murrey Math Lines 20.02.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the pair is expected to drop to the nearest support at 2/8 (0.6469). The scenario could be cancelled by rising above the resistance at 4/8 (0.6591), which could lead to a trend reversal and provoke growth to the 5/8 (0.6652) level.

Murrey Math Lines 20.02.2024 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a new breakout of the lower boundary of the VoltyChannel could increase the probability of the price decline.

Murrey Math Lines 20.02.2024 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD quotes have broken the 200-day Moving Average on H4 and are currently above it, indicating the probability of uptrend development. The RSI is testing the support line. In this situation, the quotes are expected to rise above 5/8 (0.6164), later reaching the resistance at 6/8 (0.6225). The scenario could be cancelled by a breakout of the 4/8 (0.6103) level. In this case, the pair might drop to the support at 3/8 (0.6042).

Murrey Math Lines 20.02.2024 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the price growth could be additionally supported by a breakout of the upper boundary of the VoltyChannel.

Murrey Math Lines 20.02.2024 NZDUSD
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.


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