RoboForex - Analytics

RoboForex

908.00 5.50/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 13.10.2017 (GOLD, EUR/GBP)

13.10.2017

XAU USD, “Gold vs. US Dollar”

As we can see at the H4 chart, the XAU/USD pair has reached the 3/8 level at 1296.88. The price is expected to rebound from this level and resume falling towards the support at the 0/8 one at 1250.00.  

GOLD1

At the H1 chart, the pair is trading near the resistance at the 8/8 at 1296.88, which also confirms that it may resume moving downwards. The first downside target is at the 5/8 level at 1285.16. if this level is broken, the instrument may continue falling to reach 1250.00.

GOLD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.

GOLD3

 

EUR GBP, “Euro vs Great Britain Pound”

At the H4 chart, yesterday the EUR/GBP pair failed to fix above the 3/8 level at 0.8972, which means that it may continue moving downwards to reach the support at the 0/8 level at 0.8789.

 EURGBP1

At the H1 chart, the pair is expected to test the 5/8 level at 0.8941. If the price rebounds from this level, the instrument may continue falling towards 0.8789.

EURGBP2

 

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 or Join us


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