Murrey Math Lines 13.09.2017 (NZD/USD, XAU/USD)

September 13, 2017

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NZD USD, “New Zealand Dollar vs US Dollar”

As we can see at the H4 chart, the NZD/USD pair has fixed below the 3/8 level at 0.7263. Later, the price is expected to continue growing to reach the 5/8 level at 0.7385.

At the M15 chart, the price has broken the upside line of the VoltyChannel indicator. In this case, the pair may continue moving upwards to reach 0.7385.

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XAU USD, “Gold vs US Dollar”

At the H4 chart, the XAU/USD pair is trading above the 5/8 level at 1328.13. The price is expected to break it and then continue falling towards the downside border of the consolidation channel at the 3/8 level at 1296.08.

As we can see at the H1 chart, the price has broken the 3/8 level at 1335.94 and left the consolidation range between the above-mentioned level and the 5/8 one. In this case, the pair may continue falling to reach 1296.08.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1296.08.


RoboForex Analytical Department

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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.