Murrey Math Lines 28.12.2017 (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 3/8 level and right now is expected to continue falling towards the 1/8 one.
At the H1 chart, the price is trading to the downside towards the support at the 0/8 level. If the price rebounds from this level, the instrument may grow to reach the 3/8 one without falling towards 0.9796.
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.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is growing quite fast and right now it is breaking the 5/8 level. Later, the instrument is expected to continue growing towards the first target at the 7/8 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 1304.69.
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.