Murrey Math Lines 12.07.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to continue growing to reach the resistance at the 8/8 level.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. Later, the price may break the 5/8 level and then continue trading upwards to reach the resistance at the 8/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is trading inside the “oversold zone”. The price may rebound from the -1/8 level and resume growing towards the resistance at the 0/8 one.
In the H1 chart, the price may break the 2/8 level and then continue falling towards the support at the 0/8 one.
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.