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Murrey Math Lines 06.09.2018 (USDCHF, GOLD)

06.09.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and grow to reach the 2/8 one.

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

In the H1 chart, the price may possibly move downwards to reach the support at the 0/8 level in case it breaks the 2/8 one

USDCHF2
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.

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 is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to fall towards the support at the 4/8 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 has rebounded from the 3/8 level and may resume trading downwards 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

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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