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 test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 3/8 one.
In the H1 chart, the pair is trading inside the “overbought zone”. In the future, the price may break the 8/8 level and continue trading downwards to reach the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is consolidating. In this case, the price is expected to resume moving upwards to reach the resistance at the 5/8 level.
In the H1 chart, the pair may rebound from the 8/8 level and resume trading downwards to reach the 3/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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