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Murrey Math Lines 05.09.2019 (USDCHF, GOLD)

05.09.2019

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving above 1/8. In this case, the pair may continue growing towards the resistance at 3/8. However, as long as the price is trading below 1/8, the instrument is expected to continue falling towards 0/8.

USDCHF_H4
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, move upwards to reach 3/8 from the H4 chart..

USDCHF_M15
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 still moving inside the “overbought area”. In this case, the price is expected to break 1/8 and then continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks 2/8. After that, the levels on the chart will be redrawn.

GOLD_H4
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, start a new decline.

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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