Murrey Math Lines 28.02.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. A downward breakaway of 2/8 (0.6713) should be expected, followed by falling to the support level of 1/8 (0.6652). The scenario can be cancelled by rising above the resistance level of 3/8 (0.6774), which might entail growth to 4/8 (0.6835).
On M15, a breakaway of the lower border of VoltyChannel will be an extra signal of further falling of the price.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is nearing the oversold area. As a result, a test of 0/8 (0.6103) should be expected, followed by a bounce off it and growth of the resistance level to 2/8 (0.6225). The scenario can be cancelled by a downward breakaway of 0/8 (0.6103). In this case, the pair may go on falling and reach the support level of -1/8 (0.6042).
On M15, after the price tests 0/8 (0.6103) on H4, a breakaway of the upper border of VoltyChannel will be an additional signal confirming the growth.
Die Marktausblicke in diesem Bereich spiegeln die Ansichten des Autors wieder und sollten nicht als Handlungsempfehlung gesehen werden. RoboForex (CY) Ltd kann keine Verantwortung für Trading-Resultate übernehmen, die auf Grundlage von Empfehlungen basieren, welche in den Analysen auf dieser Seite gegeben wurden. Jeder Kunde handelt autark und stellt bitte sicher, dass er sich den Risiken beim Trading bewusst ist.