Murrey Math Lines 11.07.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF has rebounded from 3/8. In this case, the pair is expected to resume falling towards the support at 0/8. However, this scenario may no longer be valid if the instrument breaks 2/8. After that, the pair may start a new growth to reach the resistance at 4/8.
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 above 5/8. In this case, the price may continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the instrument breaks 5/8. After that, the pair may resume falling to reach the support at 3/8.
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 upwards.
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