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Murrey Math Lines 16.05.2019 (USDCHF, GOLD)

16.05.2019

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to break the 5/8 level and then continue 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

As we can see in the H1 chart, the pair is trading below the 3/8 level. In this case, the price is expected to continue moving downwards to reach the support at the 0/8 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 trading 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 trading above the 5/8 level and may continue growing to reach the resistance at the 8/8 one.

GOLD
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 trading 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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