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Murrey Math Lines 18.10.2018 (USDCHF, GOLD)

18.10.2018

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF may break the 7/8 level and continue growing to reach the resistance at the 8/8 level.

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

In the H1 chart, USDCHF may rebound from the resistance at the 8/8 level and then continue falling towards the 5/8 one.

USDCHF2
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 is consolidating. In this case, the price may resume trading downwards to reach the 3/8 level.

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

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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