Murrey Math Lines: USD/CHF, Gold
USDCHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is expected to test the resistance at the 3/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.
As we can see at the H1 chart, the pair has rebounded from the 5/8 level and right now is trading near the 5/8 one. Later, the price may test the 7/8 level, rebound from it, and then resume falling to reach the 4/8 one. However, another scenario suggests that the instrument may break the 7/8 level and then grow to test the resistance at the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, test the resistance at 0.9704.
XAUUSD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair is trading near the 5/8 level. Later, the price is expected to rebound from this level and grow towards the 6/8 one.
At the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. The price may break the 5/8 level and then continue growing to reach the resistance at the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1343.75.
Author
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.
