Murrey Math Lines 01.09.2020 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotations are trading in the overbought area. In this situation, a breakaway of +1/8 will signal a probable decline to the support at 7/8. The scenario may be canceled by a breakaway of +2/8, which will reshuffle Murray indication and set new goals of the price growth.
On M15, the decline is additionally confirmed by a breakaway of the VoltyChannel lower line.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, these quotations are also trading in the overbought area. In this situation, a breakaway of +1/8 will entail a decline to the support at 7/8. This scenario might be canceled by a breakaway of +2/8, which will reshuffle Murray indication.
On M15, a breakaway of the VoltyChannel lower line will increase the probability of falling to 7/8 on H4.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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