Latest News

Murrey Math Lines 17.09.2021 Brent, SP 500

17.09.2021BRENTAs we can see in the H4 chart, Brent is trading inside the overbought area. In this case, the price is expected to break 88 and continue falling towards the support at 78. However, this scenario may no longer be valid if the asset breaks 18 to the upside. After that, the instrument may move upwards and reach the resistance at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.SP 500As we can see in the H4 chart, after rebounding from the 200day Moving Average, the SP Index is trading above it, thus indicating that the correction is over. In this case, the price is expected to resume the uptrend test 68, break it, and then continue trading upwards to reach the resistance at 78. However, this scenario may no longer be valid if the asset breaks 48 to the downside. After that, the instrument may reverse and fall towards the support at 28.НIn the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.Back to listAttention!Forecasts presented in this section only reflect the authors 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.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News