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Murrey Math Lines 31.01.2019 (USDCHF, GOLD)

31.01.2019

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to rebound from the 5/8 level and resume growing towards the resistance at the 7/8 one.

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

In the H1 chart, the pair may test the 0/8 level, rebound from it, and, as a result, resume trading upwards to reach the resistance at 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”

In the H4 chart, XAUUSD may break the 4/8 level and then continue trading downwards to reach the support at the 3/8 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 pair is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and, as a result, continue falling towards the support at the 5/8 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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