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Murrey Math Lines: EURUSD, GBPUSD

Written By RoboForex Team | 2018-04-16 04:03:09 GMT

EURUSD

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

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

EURUSD

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, may continue moving downwards to reach 1.2207.

EURUSD

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

 

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating between the 3/8 and 5/8 levels. The price is expected to fall towards the support at the 4/8 level.

GBPUSD

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

In the H1 chart, the instrument may break the 5/8 level and then continue falling towards the support at the 4/8 one.

GBPUSD

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 moving downwards to reach 1.4160.

GBPUSD

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

Author

By RoboForex Team
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