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Murrey Math Lines 14.12.2017 (USD/CHF, GOLD)

14.12.2017

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is trading below the 3/8 level. Right now, the price is expected to continue falling towards its main target, which is the support at the 0/8 level.

USDCHF1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above. However, the price may yet test the 3/8 level, rebound from it, and then continue moving downwards.

USDCHF2

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.

USDCHF3

 

XAU USD, “Gold vs US Dollar”

As we can see at the H4 chart, the XAU/USD pair has broken the 0/8 level, left the “oversold zone”, and right now is trading near the 1/8 one. In this case, the price may continue growing towards the 3/8 level. However, the instrument may yet try to test the support at the 0/8 level once again.

GOLD1

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

GOLD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

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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