Murrey Math Lines 07.06.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to fall towards the support at the 0/8 level.
As we can see in the H1 chart, the price has broken the 3/8 level and may continue trading downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD made several attempts to break the 3/8 level, but failed. In this case, the price may resume falling to reach the support at the 0/8 level.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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