Murrey Math Lines: USD/CHF, Gold
|USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading upwards and may continue the uptrend to reach the resistance at the 8/8 level.
In the H1 chart, the pair may break the 7/8 level and continue trading downwards to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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 trading upwards.
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