Murrey Math Lines 05.09.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is moving above 1/8. In this case, the pair may continue growing towards the resistance at 3/8. However, as long as the price is trading below 1/8, the instrument is expected to continue falling towards 0/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, move upwards to reach 3/8 from the H4 chart..
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still moving inside the “overbought area”. In this case, the price is expected to break +1/8 and then continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks +2/8. After that, the levels on the chart will be redrawn.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, start a new decline.
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