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Murrey Math Lines 07.06.2018 (USDCHF, GOLD)

07.06.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to fall towards the support at the 0/8 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 H1 chart, the price has broken the 3/8 level and may continue trading downwards to reach the support at the 0/8 one.

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDCHF3
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 made several attempts to break the 3/8 level, but failed. In this case, the price may resume falling to reach the support at the 0/8 level.

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

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

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

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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