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Murrey Math Lines 07.03.2019 (USDCHF, GOLD)

07.03.2019

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has broken the 5/8 level and may continue growing towards the resistance at the 8/8 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 is trading inside the “overbought zone”. In this case, the price may break the 1/8 level and resume trading downwards to reach the support at the 6/8 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 is moving between the VoltyChannel indicator lines. After breaking one of them, the price may resume either growing or falling.

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, XAUUSD has rebounded from the support at the 0/8 level and may resume moving upwards to reach the resistance at the 3/8 one.

GOLD1
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 upwards.

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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