Murrey Math Lines: USD/CHF, Gold
|USDCHF, "US Dollar vs Swiss Franc"
As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to rebound from the 5/8 level and fall towards the support at the 3/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, "Gold vs US Dollar"
In the H4 chart, XAUUSD may break the 7/8 level and then continue trading upwards to reach the resistance at the 8/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.