Murrey Math Lines 02.08.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 5/8 level and then fall to reach the 3/8 level.
As we can see in the H1 chart, the pair has rebounded from the resistance at the 3/8 level. Later, the price may continue trading downwards to reach the first target at the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 2/8 level and continue falling towards the support at the 0/8 one.
As we can see in the H1 chart, the price is trading close to the support at the 0/8 level, in this case, the price may break the 1/8 level and continue growing towards the resistance at the 3/8 one.
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