Murrey Math Lines 04.10.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading above the 5/8 level. In this case, the price is expected to continue growing to reach the 8/8 level.
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 moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, the pair is expected to test the 5/8 level, rebound from it, and then resume trading upwards to reach the resistance at the 7/8 one.
In the H1 chart, XAUUSD may break the 2/8 level and then continue its decline towards the support at the 0/8 one.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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