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Murrey Math Lines 04.01.2017 (USD/CHF, GOLD)

04.01.2018

USD CHF, “US Dollar vs Swiss Franc”

As we can see at the H4 chart, the USD/CHF pair has broken the 0/8 level and left the “oversold zone”. Right now, the price is expected to continue falling towards the 1/8 one.

USDCHF1

At the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 5/8 level, break it, and then continue growing to reach the 6/8 one.

USDCHF2

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.

USDCHF3

 

XAU USD, “Gold vs US Dollar”

As we can see at the H4 chart, the XAU/USD pair has broken the 8/8 level and left the “overbought zone”. Later, the instrument is expected to continue falling towards the support at the 5/8 one.

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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 1289.06.

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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