Murrey Math Lines 10.01.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and grow towards the resistance at the 2/8 one.
In the H1 chart, the pair is also trading inside the oversold zone“. In the future, the instrument may break the 0/8 level and continue growing towards the resistance at the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 7/8 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 downside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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.