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Murrey Math Lines 23.10.2017 (USD/CHF, USD/CAD)

23.10.2017

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks the 1/8 level at 0.9826, it may resume moving downwards to reach the 5/8 one at 0.9582.

USDCHF

As we can see at the H1 chart, the pair has rebounded from the 3/8 level at 0.9857. Later, the price is expected to continue falling.

USDCHF2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading to the downside towards 0.9582.

USDCHF3

 

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the USD/CAD pair is expected to test the resistance at the 8/8 level at 1.2695, rebound from it, and then resume falling towards the 5/8 one at 1.2329.

 USDCAD1

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, resume moving downwards to reach 1.2329 without testing 1.2695.

USDCAD2

 

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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