Murrey Math Lines 07.06.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to fall towards the support at the 0/8 level.
As we can see in the H1 chart, the price has broken the 3/8 level and may continue trading downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD made several attempts to break the 3/8 level, but failed. In this case, the price may resume falling to reach the support at the 0/8 level.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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.