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Analysis

Murrey Math Lines 22.11.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are going below the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI in nearing the oversold area. Currently, we should expect a test of 7/8 (0.6713)…

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are going below the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI in nearing the oversold area. Currently, we should expect a test of 7/8 (0.6713), a breakaway of it, and growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.6591), which might lead to a trend reversal and falling to 5/8 (0.6469).

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

On M15, a breakaway of the upper border of VoltyChannel will increase the probability of growth to 8/8 (0.6835) on H4.

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”

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On H4, the quotes are going below the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. Currently, we expect a test of 7/8 (0.6225), a breakaway, and growth to the resistance of 8/8 (0.6347). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.6103), which might lead to falling to 5/8 (0.5981).

NZDUSD_H4

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

On M15, a breakaway of the upper border of VoltyChannel will be an additional signal for growth.

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NZDUSD_M15

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

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