Murrey Math Lines 16.05.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to break the 5/8 level and then continue falling towards the support at the 3/8 one.
As we can see in the H1 chart, the pair is trading below the 3/8 level. In this case, the price is expected to continue moving 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 trading downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading above the 5/8 level and may continue growing to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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