Murrey Math Lines 28.11.2022 (EURUSD, GBPUSD)

November 28, 2022

By RoboForex.com

EURUSD, “Euro vs US Dollar”

On H4, the quotes are above the 200-day Moving Average, which signifies an uptrend. The RSI is testing the support line. Currently, we should expect the quotes to rise over 5/8 (1.0376) and grow to the resistance level of 6/8 (1.0498). The scenario can be cancelled by a downward breakaway of the support level of 4/8 (1.0253). In this case, the pair may drop to 3/8 (1.0131).

EURUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is too far away from the current price, so growth can only be pointed on by a breakaway of 5/8 (1.0376) on H4.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


Free Reports:

Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





GBPUSD, “Great Britain Pound vs US Dollar”

On H4, the quotes remain in the overbought area. The RSI has escaped the overbought area and continues declining. We should expect a downward breakaway of +1/8 (1.1962) and subsequent falling to the support level of 8/8 (1.1718). The scenario can be cancelled by rising over the resistance at +2/8 (1.2207), which will entail reshuffling of the Murrey grid, so that new goals will be set.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away, which increases the probability of price falling to 8/8 (1.1718) on H4.

GBPUSD_M15

Article By RoboForex.com

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