rfxsignals April 14, 2020 No Comments

Murrey Math Lines 14.04.2020 (AUDUSD, NZDUSD)

14.04.2020

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 2/8, AUDUSD is moving above this level. In this case, the pair is expected to continue growing to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

AUDUSD_H4
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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

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”

In the H4 chart, after breaking 1/8, NZDUSD is expected to continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.

NZDUSD_H4
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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

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