Murrey Math Lines 31.01.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to rebound from the 5/8 level and resume growing towards the resistance at the 7/8 one.
In the H1 chart, the pair may test the 0/8 level, rebound from it, and, as a result, resume trading upwards to reach the resistance at the 5/8 one.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 4/8 level and then continue trading downwards to reach the support at the 3/8 one.
As we can see in the H1 chart, the pair is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and, as a result, continue falling towards the support at the 5/8 one.
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.