RoboForex - Analytics

RoboForex

986.75 5.25/10
76% of positive reviews
Real
How to join the service?

Murrey Math Lines 16.11.2017 (USD/CHF, GOLD)

16.11.2017

USD CHF, “US Dollar vs Swiss Franc”

As we can see at the H4 chart, the USD/CHF pair has broken the consolidation channel between the 3/8 and 5/8 levels to the downside and right now is falling towards the support at the 0/8 one (0.9765). In order to reach this level, the price has to break the 2/8 one first (0.9887).

USDCHF1

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels and may yet resume moving upwards. If the price breaks the 5/8 level (0.9818), the instrument may grow towards the resistance at the 8/8 one (1.0009). Otherwise, if it breaks the 3/8 level (0.9857), the pair will continue falling to reach the support at the 0/8 one (0.9765).

USDCHF2

As we can see at the M15 chart, the pair is trading between the VoltyChannel indicator lines, which means that it may move both upwards and downwards.

USDCHF3

 

XAU USD, “Gold vs US Dollar”

As we can see at the H4 chart, the XAU/USD pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to move towards the downside border at the 3/8 level (1273.44).

GOLD1

At the H1 chart, the pair is expected to break the 3/8 level (1277.34). If the price fixes below this level, the instrument may continue falling to reach the support at the 0/8 one (1265.63).

GOLD2

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling towards 1265.63.

GOLD3

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree