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02/08/2018 10:11:47 GMT

Murrey Math Lines: USDCHF, Gold

RoboForex Team RoboForex

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has broken the 5/8 level and left its consolidation range. However, the price is very likely to break the above-mentioned level again and return into the range. As a result, the instrument may start a new decline to reach the 4/8 level.

USDCHF

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

In the H1 chart, the pair may break the 5/8 level and resume falling towards the first target at the 3/8 one. The main downside target is the support at the 0/8 level.

USDCHF

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDCHF

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

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the price is consolidating between the 3/8 and 5/8 levels. Later, XAUUSD is expected to rebound from the support at the 4/8 level and grow towards the resistance at the 5/8 one.

XAUUSD

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

In the H1 chart, the price may break the 0/8 level and then resume growing to reach the resistance at the 2/8 one.

XAUUSD

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

Author

RoboForex Team

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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