Murrey Math Lines 16.08.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 5/8 level and then continue falling to reach the support at the 3/8 one.
As we can see in the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 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 downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has tested the 3/8 level, but failed to break it. In this case, the price may resume growing towards the resistance at the 5/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue trading upwards to reach the resistance at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, 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.