Murrey Math Lines 18.10.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 7/8 level and continue growing to reach the resistance at the 8/8 level.
In the H1 chart, USDCHF may rebound from the resistance at the 8/8 level and then continue falling towards the 5/8 one.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the pair is consolidating. In this case, the price may resume trading downwards to reach the 3/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.