Murrey Math Lines: USDCHF, Gold

RoboForex Team RoboForex

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has broken the 3/8 level and is no longer consolidating. In this case, the price may continue falling to reach the support at the 1/8 level.

In the H1 chart, the price may break the 6/8 level and trade upwards to reach the resistance at the 8/8 one.

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 moving downwards.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is trading between the 1/8 and 3/8 levels. In this case, the price may break the 3/8 level and then continue growing towards the 4/8 one.

As we can see in the H1 chart, the pair has broken the 5/8 level and is no longer consolidating. Later, the price continue trading upwards to reach the 8/8 level.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving to the upside.

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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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