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Murrey Math Lines 21.03.2019 (USDCHF, GOLD)

21.03.2019

USDCHF

On H4, we can expect the USDCHF to test 0/8, which may then lead to a bounce and a rise to 3/8.

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

H1 is absolutely identical to H4, which confirms the prediction above.

USDCHF2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In case VoltyChannel upper line is broken out on M15, the price will be likely to rise.

USDCHF3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Gold

On H4, the price is declining within a consolidation range between 3/8 and 5/8. The 5/8 is going to get tested, after which the price is likely to bounce and fall to the support at 3/8.

GOLD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the price is overbought. Now, once 1/8 gets broken out, it may fall further to reach the support at 5/8.

GOLD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.

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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