Murrey Math Lines: USD/CHF, Gold

RoboForex Team RoboForex

USDCHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the 5/8 level (0.9918), rebound from it, and then resume falling towards the 3/8 one (0.9857).

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

XAUUSD, “Gold vs US Dollar”

At the H4 chart, the XAU/USD pair is expected to test the 1/8 level (1257.81), rebound from it, and then resume growing towards the 3/8 one (1273.44).

As we can see at the H1 chart, the pair is trading inside the “oversold zone” below the 0/8 level. The price is expected to test the -2/8 level (1257.81), rebound from it, and then resume growing to reach the 3/8 one (1277.34).

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, move upwards to reach 1273.44.

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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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