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RoboForex

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Murray Math Lines 25.07.2019 (USDCHF, GOLD)

25.07.2019

USDCHF

On H4 the instrument is trading in a downtrend. Currently, a breakthrough of 1/8 may signal continuation of the trend, which may lead the quotations to the support at-1/8. The scenario may no longer be valid if the price breaks 2/8, which may signal the end of the downtrend and possible growth to the resistance at 5/8.

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 a breakthrough of the lower line of the VoltyChannel may also signal continuation of the downtrend.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Gold

On H4 gold demonstrates an uptrend, however, the price has already reached and escaped the overbought area. This hints an a possible reversal of the current trend. That is why a breakthrough of 7/8 may signal a decline of price, with the first aim at the support of 5/8. The scenario may be canceled if the price breaks 8/8, in which case the uptrend may continue, and the price may test the resistance at 2/8.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 a breakthrough of the lower line of the VoltyChannel may enhance the possibility of a downtrend.

GOLD_M15
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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