Murrey Level Analysis: USD/CHF, Gold

RoboForex Team RoboForex

USD/CHF

On H4, USD/CHF is trading below the consolidation range and may go down to the support at 1/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the price may bounce off 5/8, which, if this is the case, will push the pair lower to 2/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the VoltyChannel breakout may make the price go lower to reached 0.9582.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Gold

On H4, gold is trading above the consolidation range, and is likely to continue rising to reach the resistance at 8/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the price is inside the consolidation range, where the 5/8 breakout may push the price forward to the resistance at 8/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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