Murrey Math Lines 22.08.2017 (USD/CHF, USD/JPY)

USD CHF, “US Dollar vs Swiss Franc”

As we can see at the H4 chart, the USD/CHF pair has broken the resistance at the 8/8 level at 0.9765 and right now is still moving upwards. It means that the price may start a new descending tendency with the target at the 3/8 level at 0.9460. To confirm this scenario, the instrument has to rebound from the 6/8 level at 0.9643.

At the H4 chart, the pair is trading between the 3/8 and 5/8 levels. If the price breaks the 3/8 level at 0.9613, it may continue falling towards 0.9460.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach 0.9460.

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair is trading below the support at the 0/8 level at 109.37. If the price breaks this level, it may start growing towards the 3/8 one at 111.71.

At the H1 chart, the price is also trading below the 0/8 level at 109.37. The future scenario is the same as for the H4 chart.

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator. As a result, the price may continue moving upwards, but the key level to break is 109.37.

RoboForex Analytical Department