Murrey Math Lines 04.01.2018 (USD/CHF, GOLD)
USD CHF, “US Dollar vs Swiss Franc”
As we can see at the H4 chart, the USD/CHF pair has broken the 0/8 level and left the “oversold zone”. Right now, the price is expected to continue falling towards the 1/8 one.
At the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 5/8 level, break it, and then continue growing to reach the 6/8 one.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair has broken the 8/8 level and left the “overbought zone”. Later, the instrument is expected to continue falling towards the support at the 5/8 one.
The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 1289.06.
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.