Murrey Math Lines 20.10.2017 (AUD/CHF, EUR/CHF)
AUD CHF, “Australian Dollar vs Swiss Franc”
At the H4 chart, the AUD/CHF pair is consolidating between the 3/8 and 5/8 levels at 0.7659 and 0.7720 respectively. The price is expected to break the latter level and continue growing towards the resistance at the 8/8 one at 0.7812.
As we can see at the H1 chart, the pair may break the +2/8 levels and the lines at the chart will be redrawn. After that, the price may continue growing towards its main target at 0.7812.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
EUR CHF, “Euro vs Swiss Franc”
As we can see at the H4 chart, the EUR/CHF pair has rebounded from the resistance at the 8/8 level at 1.1596. Later, the price is expected to fall towards the 5/8 level at 1.1505.
At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the former level at 1.1566, the instrument may continue falling to reach 1.1505.
RoboForex Analytical Department
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.