Murrey Math Lines 15.02.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is consolidating between the 3/8 and 5/8 levels. If the price breaks the 4/8 level, the instrument may continue growing towards the resistance start at the 5/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is trading near the support at the 0/8 level. If later the price rebounds from this level, the instrument may resume growing towards the 3/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 7/8 level and then grow towards the resistance at the 8/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
As we can see in the H1 chart, the price has broken the 5/8 level and may continue growing to reach the resistance at the 8/8 one.
Risk Warning: the results 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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.