Murrey Math Lines 10.09.2020 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotations keep trading between 6/8 and 5/8. We expect the price to test 5/8, bounce off the level, and grow to the resistance at 6/8. The scenario may be canceled by a breakaway of 5/8 downwards, which may bring the price down to the support at 4/8.
On M15, a breakaway of the upper border of VoltyChannel will again confirm probable growth.
XAUUSD, “Gold vs US Dollar”
On H4, the quotations broke through 7/8 and are trading above this level. This marks high probability of further growth to the resistance at 8/8. The scenario might be canceled by a breakaway of 7/8 downwards, which may provoke further falling to the support at 6/8.
On M15, the upper border of VoltyChannel is broken through, which increases the probability of the growth.
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