Murrey Math Lines 21.06.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to test the resistance at the 8/8 level, break it, and then continue falling to reach the support at the 5/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is trading below the consolidation range. In this case, the price may continue falling towards the support at the 0/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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.
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.