Murrey Math Lines: USD/CHF, Gold
|USDCHF, “US Dollar vs Swiss Franc”
As we can see at the H4 chart, the USD/CHF pair has rebounded from the support at the 0/8 level. Later, the price is expected to continue growing towards the 2/8 one.
At the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. The price may break the 5/8 level and then continue growing to reach the resistance at the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.9887.
XAUUSD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair is trading above the resistance at the 8/8 level inside the “overbought zone”. If the price breaks this level, the instrument may resume falling towards the support at the 5/8 one.
The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1289.06.
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