Murrey Math Lines 14.01.2022 (Brent, S&P 500)

BRENT

In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, the instrument may fall and reach the support at 5/8.



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

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 trading upwards.

BRENT_M15

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

S&P 500

In the H4 chart, after breaking the 200-day Moving Average, the S&P Index is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to break 3/8 and then continue trading downwards to reach the support at 1/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the upside. After that, the instrument may grow towards the resistance at 5/8.

S&P 500_H4

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

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue its decline.

S&P 500_M15

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

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Source: RoboForex


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