Daily Free Forex Signals For 20/07/2020
rfxsignals December 29, 2020 No Comments

Murrey Math Lines 29.12.2020 (AUDUSD, NZDUSD)

29.12.2020

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is moving within the “overbought area”. In this case, the price is expected to break 8/8 and fall to reach the closest support at 7/8. However, this scenario may be canceled if the price breaks +1/8 to the upside. After that, the instrument may continue growing towards the resistance at +2/8.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

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”

As we can see in the H4 chart, NZDUSD is trading above the 200-day Moving Average, thus confirming the ascending tendency. In this case, the price is expected to break 5/8 and continue growing towards the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling to reach the closest support at 3/8.

NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

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