Murrey Math Lines 21.02.2019 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to resume growing towards the resistance at the 5/8 one.
In the H1 chart, the pair may break the 0/8 level and continue trading upwards to reach the resistance at 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 no longer trading inside the “overbought zone” and may continue moving downwards to reach the support at the 5/8 level.
In the H1 chart, the pair is consolidating. In this case, the price may break the 3/8 level and continue falling towards the support at the 0/8 one.
In the M15 chart, the pair may once again break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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