Murrey Math Lines 11.10.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to continue falling to reach the 5/8 level.
In the H1 chart, USDCHF is consolidating between the 3/8 and 5/8 levels. In this case, it is expected to break the downside border and then continue falling towards the support at the 0/8 level.
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.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the pair has rebounded from the support at the 0/8 level and may resume trading upwards to reach the 3/8 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 upside 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.