Murrey Math Lines 06.09.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and grow to reach the 2/8 one.
In the H1 chart, the price may possibly move downwards to reach the support at the 0/8 level in case it breaks the 2/8 one
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to fall towards the support at the 4/8 level.
As we can see in the H1 chart, the pair has rebounded from the 3/8 level and may resume trading downwards to reach 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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