Murrey Math Lines: USD/CHF, Gold
|USD/CHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is still moving inside the “oversold area”. In this case, the pair may break 0/8 and continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks -1/8. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 3/8 from the H4 chart.
XAU/USD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading inside the “overbought area”. In this case, the price is expected to break 8/8 and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8. After that, the instrument may continue growing towards the resistance at +2/8.
In the M15 chart, the pair may the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 6/8 from the H4 chart.
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