Murrey Math Lines 01.09.2020 (AUDUSD, NZDUSD)

01.09.2020

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.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the decline is additionally confirmed by a breakaway of the VoltyChannel lower line.

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, 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.

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

On M15, a breakaway of the VoltyChannel lower line will increase the probability of falling to 7/8 on H4.

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. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.