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Murrey Math Lines 28.12.2017 (USD/CHF, GOLD)

Article By RoboForex.com

USD CHF, “US Dollar vs Swiss Franc”

As we can see at the H4 chart, the USD/CHF pair has broken the 3/8 level and right now is expected to continue falling towards the 1/8 one.

USDCHF1

At the H1 chart, the price is trading to the downside towards the support at the 0/8 level. If the price rebounds from this level, the instrument may grow to reach the 3/8 one without falling towards 0.9796.

USDCHF2

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCHF3

 

XAU USD, “Gold vs US Dollar”

At the H4 chart, the XAU/USD pair is growing quite fast and right now it is breaking the 5/8 level. Later, the instrument is expected to continue growing towards the first target at the 7/8 one.

GOLD1

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

GOLD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 1304.69.

GOLD3

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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