Murrey Math Lines 04.08.2020 (AUDUSD, NZDUSD)

2020-08-04 17:05    RoboForex

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating between 3/8 and 5/8. In this case, the pair is expected to test 5/8, rebound from it, and then resume falling to reach the support at 3/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

Murrey Math Lines 04.08.2020 (AUDUSD, NZDUSD) Institution Opinions 1
Murrey Math Lines 04.08.2020 (AUDUSD, NZDUSD) Institution Opinions 2

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

Murrey Math Lines 04.08.2020 (AUDUSD, NZDUSD) Institution Opinions 3
Murrey Math Lines 04.08.2020 (AUDUSD, NZDUSD) Institution Opinions 4

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is also consolidating. In this case, the pair is expected to break 4/8 and then continue trading downwards to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.


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 has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 3/8 from the H4 chart.

NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUD

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