Murrey Level Analysis for USD/CHF and GOLD: 20.09.2018

20.09.2018

USD/CHF

On H4, USD/CHF is trading below the consolidation range and may go down to the support at 1/8.

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

On H1, the price may bounce off 5/8, which, if this is the case, will push the pair lower to 2/8.

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

On M15, the VoltyChannel breakout may make the price go lower to reached 0.9582.

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

Gold

On H4, gold is trading above the consolidation range, and is likely to continue rising to reach the resistance at 8/8.

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

On H1, the price is inside the consolidation range, where the 5/8 breakout may push the price forward to the resistance at 8/8.

GOLD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

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

Trading analysis & analytics

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.