Murray levels analysis for USDCHF and Gold as of 31.10.2019

31.10.2019USDCHFOn the H4 period the USDCHF currency pair is traded in the consolidation range between the levels 5/8 and 3/8. In this situation it is expected that the price will be tested at the level of 3/8 with the possibility of further detachment from it and growth of quotations up to the resistance of 5/8. Cancellation of such a scenario will be a breakthrough of the 3/8 level, which may lead to a reduction in the price to the level of 1/8. On the M15 period, a break-up of the upper VoltyChannel indicator line will increase the probability of price growth to the level of 5/8 of the H4 period. GoldOn H4 period the price of gold is still traded in the consolidation range. In this situation, it is expected to rebound from the level of 4/8, followed by a decline in gold prices to support by 2/8. Cancellation of such a scenario will be a breakthrough of the level of 4/8, which may lead to an increase in prices up to resistance of 5/8. On the M15 period, the break-down of the lower VoltyChannel indicator line will serve as an additional signal to the price decrease. Back to listAttention, everybody! Forecasts of financial markets are the private opinion of their authors. The current analysis does not represent a guide to trading. RoboForex is not responsible for the results of the work that may arise when using trading recommendations from the reviews provided.