Murrey Math Lines 30.08.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to break the -1/8 level and continue falling to reach the support at the -2/8 one.
In the H1 chart, the price may break the -1/8 level and continue trading towards the support at 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”
As we can see in the H4 chart, XAUUSD is trading near the 5/8 level. In this case, the price is expected to fall towards the support at the 4/8 level.
In the H1 chart, the pair may rebound from the 5/8 level and then resume trading upwards to reach the resistance at the 8/8 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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