Murray Level Analysis: USD/CHF, Gold

USDCHF

On H4, USD/JPY is expected to test 3/8, after which a pullback and a fall to the support at 0/8 may occur.

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

On H1, the price is above the consolidation range, and is likely to hit 7/8.

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

Gold

On H4, the price is declining within a consolidation range between 3/8 and 5/8. The 4/8 is going to get tested, after which the price is likely to bounce and fall to the support at 2/8.

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

On H1, the price has left the overbought territory and now is likely to reach the 5/8 support.

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

On M15, the lower VoltyChannel line has been broken out, which means a descending trend is prevailing.

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

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.