Murrey Math Lines 21.12.2017 (USD/CHF, GOLD)
USD CHF, “US Dollar vs Swiss Franc”
As we can see at the H4 chart, the USD/CHF pair is consolidating between the 3/8 and 5/8 levels. The price is expected to rebound from the 3/8 level and resume growing towards the 5/8 one.
At the H1 chart, the price may break the 3/8 level and continue moving upwards. However, the pair may yet test the 1/8 level, rebound from it, and then grow to reach the main target at 0.9918.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is expected to test the 3/8 level, rebound from it, and then continue falling towards the 1/8 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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 1272.44.
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.