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Murrey Math Lines 05.04.2018 (USDCHF, GOLD)

05.04.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is no longer consolidating after breaking the 5/8 level. The price is expected to continue growing to reach the resistance at the 7/8 level.

USDCHF1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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

USDCHF2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD may break the 2/8 level and continue falling towards the support at the 0/8 one.

GOLD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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

GOLD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

GOLD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

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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