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Murrey Math Lines 24.10.2017 (EUR/USD, USD/CHF)

24.10.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is expected to test the 0/8 level at 1.1718, rebound from it, and then start moving upwards to reach the 3/8 one at 1.1901.

EURUSD1

At the H1 chart, the pair is also expected to test the 0/8 level at 1.1718, which is the same as at the H4 chart, and, as a result, rebound from it.

EURUSD2

As we can see at the M15 chart, the pair may test 1.1718 and then break the upside line of the VoltyChannel indicator. As a result, the price may resume growing to reach 1.1901.

EURUSD3

 

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is still trading inside the “overbought zone” and expected to move downwards to reach the 5/8 level at 0.9582. However, if the pair breaks the 2/8 level at 0.9887, this scenario will be cancelled.

USDCHF1

As we can see at the H1 chart, the may rebound from the 3/8 level at 0.9857 and continue falling towards 0.9582.

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

 

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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