Murrey Math Lines 26.04.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is trading inside the “overbought zone” above the 8/8 level. In this case, the price may rebound from the +1/8 level and then resume falling to reach the 8/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has broken the 3/8 level and is no longer consolidating. Later, the price is expected to continue moving downwards to reach the support at the 0/8 one.
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.
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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.