Murrey Math Lines 23.08.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may rebound from the 3/8 level and then resume falling to reach the support at the 0/8 one.
As we can see in the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 4/8 level, rebound from it, and then resume growing towards the 5/8 one.
In the H1 chart, the pair may rebound from the 4/8 level and then resume trading upwards to reach the resistance at the 6/8 one.
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