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Murrey Math Lines 07.12.2017 (USD/CHF, GOLD)

07.12.2017

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the 5/8 level (0.9918), rebound from it, and then resume falling towards the 3/8 one (0.9857).

USDCHF1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

USDCHF2

 

XAU USD, “Gold vs US Dollar”

At the H4 chart, the XAU/USD pair is expected to test the 1/8 level (1257.81), rebound from it, and then resume growing towards the 3/8 one (1273.44).

GOLD1

As we can see at the H1 chart, the pair is trading inside the “oversold zone” below the 0/8 level. The price is expected to test the -2/8 level (1257.81), rebound from it, and then resume growing to reach the 3/8 one (1277.34).

GOLD2

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, move upwards to reach 1273.44.

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.



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