Murrey Math Lines 31.08.2018 (EURUSD, GBPUSD)

31 августа 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD may break the 7/8 level and then continue falling towards the 5/8 one.

EURUSD1
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.

EURUSD2
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 trading above the 5/8 level. In this case, the instrument is expected to continue growing towards the resistance at the 8/8 level.

GBPUSD1
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.

GBPUSD2
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.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future