Murrey Math Lines 15.01.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is consolidating. In the future, the price may resume growing towards the resistance at the 5/8 level.
However, the H1 chart scenario may be different. Right now, the pair is trading inside the “overbought zone”. If the price breaks the 8/8 level, the instrument may resume moving downwards to reach the support at the 5/8 one. Still, as long as the pair is trading above the 8/8 level, the “growth” scenario is more probable.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
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.