Murrey Math Lines: USD/CHF, Gold
|USD/CHF, “US Dollar vs Swiss Franc”
In the H4 chart, USD/CHF is consolidating. In this case, the price is expected to test the resistance at 5/8, rebound from it, and then resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards 3/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
XAU/USD, “Gold vs US Dollar”
As we can see in the H4 chart, XAU/USD has rebounded from 1/8. In this case, the price may resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue its growth to reach 3/8 from the H4 chart.
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