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Murrey Math Lines 11.10.2018 (USDCHF, GOLD)

11.10.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to continue falling to reach the 5/8 level.

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

In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, it is expected to break the downside border and then continue falling towards the support at the 0/8 level.

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”

As we can see in the H4 chart, the pair has rebounded from the support at the 0/8 level and may resume trading upwards to reach the 3/8 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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

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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