Murrey Math Lines 23.08.2017 (AUD/CHF, AUD/JPY)

23.08.2017

AUD CHF, “Australian Dollar vs Swiss Franc”

At the H4 chart, the AUD/CHF pair is trading above the 5/8 level at 0.7629. If the price breaks it, the instrument may start a new descending movement towards the 3/8 one at 0.7505.

As we can see at the H1 chart, the pair is also trading outside the consolidating range, which is between the 3/8 and 5/8 levels. It means that in the future the price may continue falling towards 0.7505.

At the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may start a new descending tendency.

 

AUD JPY, “Australian Dollar vs. Japanese Yen”

As we can see at the H4 chart, the AUD/JPY pair has fixed below the 3/8 level at 86.71 and, as a result, may continue falling towards the support at the 0/8 one at 84.37.

At the H1 chart, the price is expected to fix below the 5/8 level and then continue moving downwards to reach the support at the 0/8 one at 84.37.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator. As a result, the price may continue falling to reach 84.37.

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.