Murrey Math Lines 14.03.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading at the 5/8 level. In this case, the price is expected to rebound from it and then resume growing towards the resistance at the 7/8 one.
In the H1 chart, the pair may fall towards the support at the 0/8 level, rebound from it, and then resume trading upwards to reach the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is breaking the 3/8 level downwards. In the future, the price may continue moving downwards to reach the support at the 0/8 level.
However, in the H1 chart the scenario may be a bit different. If the pair fails to break the 5/8 level, the instrument may resume trading upwards to reach the resistance at the 8/8 one.
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.
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