Latest News

Murrey Math Lines 29.10.2021 Brent, SP 500

29.10.2021BRENTAs we can see in the H4 chart, Brent is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to continue growing towards the resistance at 48. However, this scenario may no longer be valid if the asset breaks 38 to the downside. After that, the instrument may resume falling and reach the support at 28.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.SP 500In the H4 chart, the SP Index is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 38, break it, and then continue trading upwards to reach the resistance at 48. However, this scenario may no longer be valid if the asset breaks 28 to the downside. After that, the instrument may correct towards the support at 18.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 its growth.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Your email address will not be published.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