rfxsignals September 7, 2019 No Comments

19.08.2019

GOLD

On H4, the instrument has formed two divergences upon reaching the long-term level of 61.8%: a long-term divergence and a short-term one. A stable decline to the levels of 23.6% (1472.30), 38.2% (1433.50) and 50.0% (1402.50) may follow, judging by the situation. The resistance is at the maximum of 1535.00.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the quotations return to the long-term level of 61.8% Fibo after a swift impuse of descending. The closest aim of the new impulse may be at 23.6% (1472.30) Fibo.

GOLD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF

On H4, the instrument is developing a correction phase after testing the significant minimum, and a convergence. The correction has reached 38.2% Fibo by now. Further growth may aim at 50.0% (0.9818) and 61.8% (0.9855). A breakaway of the local minimum may be followed by a decline to a post-correctional extension of 138.2-161.8% (0.9586-0.9522).

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1 the pair is demonstrating an uptrend inside the previous declining wave. The growth is aiming at 50.0% (0.9818) Fibo; at the same time, a local divergence is forming, hinting on a potential for a reversal.

USDCHF_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.