Murrey Math Lines: USD/CHF, Gold
|USD/CHF, “US Dollar vs Swiss Franc”
In the H4 chart, USD/CHF is moving below 3/8. In this case, the price is expected to break 1/8 and continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
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 is moving above 5/8. In this case, the price may break 7/8 and continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the support at 5/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
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