Murrey Math Lines 20.03.2018 (AUDUSD, NZDUSD)

20.03.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD may break the 2/8 level and then continue falling towards the support at the 1/8 one.

AUDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the pair is trading near the support at the 0/8 level. In this case, the price may break the 1/8 level and then move upwards to reach the 3/8 one.

AUDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD may break the 6/8 level and then continue falling towards support at the 5/8 one.

NZDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards to reach 0.7141.

NZDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

 

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.