Murrey Math Lines 07.02.2019 (USDCHF, GOLD)

07.02.2019

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and continue falling towards the support at the 6/8 one.

USDCHF1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is also moving inside the “overbought zone” and may resume trading downwards to reach the 5/8 level.

USDCHF2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDCHF3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is consolidating. In this case, the price may resume trading downwards to reach the closest support at the 3/8 level.

GOLD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is no longer consolidating and may continue falling towards the support at the 5/8 level.

GOLD2
Risk Warning: the result 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.

GOLD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.

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