Murrey Level Analysis for USD/CHF and GOLD: July 26, 2018
USD/CHF
On H4, the USD/CHF is trading within a consolidation range between 3/8 and 5/8. Here we can expect the price to fall to the support at 3/8.
On H1, the charts show the same Murrey levels as on H4, and the likelihood of the price going down to 3/8 is confirmed here.
In case VoltyChannel lower line is broken out on M15, the price will be likely to go further down.
Gold
Once 3/8 gets broken out on H4, the price may rise further to reach the resistance at 5/8.
On H1, the price may fall to the support at 0/8. So long as the price is below 3/8 level, this forecast is the primary one.
On M15, the breakout of the lower line of VoltyChannel will increase the possibility of further price drop.
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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