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Murrey Math Lines 11.08.2017 (USD/CHF, USD/JPY)

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair has almost reached its target at the 5/8 level at 0.9582. The price is expected to reach this level, rebound from it, and then start growing towards the 8/8 one at 0.9765.

As we can see at the H1 chart, the pair has broken the 3/8 level at 0.9613, which means that the price may grow to reach 0.9765 instead of falling towards 0.9582. The price is expected to return to the 3/8 level at 0.9613. if the pair fails to break it, the instrument may grow towards 0.9765.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart, the USD/JPY pair is trading below the 0/8 level at 109.37. If the price breaks this level to the upside, it may start another growth to reach the 3/8 one at 111.71.

At the H1 chart, the price is also moving below the 0/8 level. Later, the pair may break this level. In this case, the pair may start growing to reach 111.71.

At the M15 chart, the pair broke the upside line of the VoltyChannel indicator. As a result, the price may continue its ascending movement to break 109.37 and then reach 111.71.

 

RoboForex Analytical Department

 



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