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Murrey Math Lines 02.08.2018 (USDCHF, GOLD)

02.08.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF may break the 5/8 level and then fall to reach the 3/8 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 pair has rebounded from the resistance at the 3/8 level. Later, the price may continue trading downwards to reach the first target 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 upside 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 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

As we can see in the H1 chart, the price is trading close to the support at the 0/8 level, in this case, the price may break the 1/8 level and continue growing towards the resistance at the 3/8 one.

GOLD2
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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