Murrey Math Lines 08.02.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may reverse and grow towards the next resistance at 7/8.

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

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart of NZDUSD, the situation is similar. The asset is trading below the 200-day Moving Average and approaching the resistance at 5/8. In this case, the price is expected to rebound from this level and resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may reverse and grow towards 6/8.

As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume trading downwards only after rebounding from 5/8 in the H4 chart.

Source: Roboforex

Ichimoku Cloud Analysis 19.04.2024 (GBPUSD, BRENT, USDJPY)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has exited the Triangle pattern. The pair is going below the Ichimoku Cloud, which suggests a bearish

Technical Analysis & Forecast 19.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction structure towards 1.0689. Today the market has formed a decline wave to 1.0610

NZD hit new lows. Overview for 19.04.2024

The New Zealand dollar, paired with the US dollar, is declining on Friday. The current NZDUSD exchange rate stands at 0.5882. Investors are avoiding risks,

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