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Murrey Math Lines 11.04.2019 (USDCHF, GOLD)

11.04.2019

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 3/8 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 the future, the price may break the 8/8 level and continue trading downwards to reach the support at the 5/8 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 may break the downside line of the VoltyChannel indicator and, as a result, 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, XAUUSD is consolidating. In this case, the price is expected to resume moving upwards to reach the resistance at the 5/8 level.

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

In the H1 chart, the pair may rebound from the 8/8 level and resume trading downwards to reach the 3/8 one.

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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