Murrey Math Lines 18.04.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may rebound from the 7/8 level and resume falling towards the support at the 5/8 one.
As we can see in the H1 chart, the pair is trading at the 3/8 level. In the future, the price may rebound from this level and resume trading downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading inside the “oversold zone”. In this case, the price is expected to break the -1/8 level and move upwards to reach the resistance at the 1/8 one.
In the H1 chart, the pair is trying to fix below the 3/8 level. In the future, the price may break this level and 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.