Murrey math line: USD/CHF, gold

RoboForex Team RoboForex

USD/CHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving downwards. In this case, the price is expected to rebound from 3/8 and then resume falling to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may reverse and resume growing towards the resistance at 5/8.

In the M15 chart, the pair is moving pretty far away from the downside line of the VoltyChannel indicator and, as a result, may continue the descending tendency only after rebounding from 3/8 from the H4 chart.

XAU/USD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is moving upwards. In this case, the price is expected to rebound from 2/8 and resume growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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