Murrey Math Lines 08.03.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to test the resistance at the 3/8 level, rebound from it, and then resume falling towards the 0/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair may test the resistance at the 8/8 level, rebound from it, and then resume falling towards the first target at the 5/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may rebound from the 2/8 level and resume falling towards the 0/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
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.