Murrey Math Lines 01.02.2018 (USD/CHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USD/CHF is consolidating between the 3/8 and 5/8 levels. The price is expected to test the support at the 4/8 level, rebound from it, and then resume growing towards the 5/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair may test the support at the 0/8 level, rebound from it, and then resume growing towards the 2/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAU/USD is trading close to the 6/8 level. Later, the price is expected to continue falling towards the support at the 5/8 level.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, it may resume falling to reach the support at the 0/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1328.13.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.