Murrey math lines: USD/CHF, gold

RoboForex Team RoboForex

USD/CHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCH is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 3/8 and then continue falling to reach the support at 2/8. Still, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may grow towards the resistance at 5/8.

In the M15 chart, the pair may break the downside line of the Volty Channel indicator and, as a result, continue the descending tendency.

XAU/USD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 5/8 and continue growing to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may reverse and correct towards 3/8.

In the M15 chart, the pair may break the upside line of the Volty Channel indicator and, as a result, continue moving 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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