RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines for 12.08.2021 (USDCHF, GOLD)

USDCHF, "US Dollar vs Swiss Franc"

On H4, the quotations are trading above the 200-days Moving Average, which indicates the prevalence of an uptrend. We expect a test of 5/8, a bounce off it, and further growth to the resistance level of 7/8. The scenario will be cancelled if 5/8 is broken away downwards. In this case, the quotations might continue falling and reach the support level of 4/8.

Murrey Math Lines for 12.08.2021 USDCHFH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, price growth will be further supported by a breakaway of the upper VoltyChannel line.

Murrey Math Lines for 12.08.2021 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, "Gold vs US Dollar"

On H4, the quotations remain inside a consolidation range between 3/8 and 5/8. We can now see a breakaway of 4/8 upwards. This makes growth to the resistance level of 5/8 highly probable. The scenario will be cancelled if the price returns under 4/8. In this case, the price might fall to the support level of 3/8.

Murrey Math Lines for 12.08.2021 XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is broken. This makes further price growth more probable.

Murrey Math Lines for 12.08.2021 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree