Murrey Math Lines 15.08.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is still moving inside the “oversold area”. In this case, the pair may break 0/8 and continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks -1/8. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 3/8 from the H4 chart.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading inside the “overbought area”. In this case, the price is expected to break 8/8 and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8. After that, the instrument may continue growing towards the resistance at +2/8.
In the M15 chart, the pair may the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 6/8 from the H4 chart.
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