Murrey Math Lines 27.02.2020 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is trading close to 3/8. In this case, the price is expected to break this level and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing to reach the resistance at 7/8.
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 trading downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is moving above 5/8. In this case, the price is expected to break 6/8 and then continue growing to reach the closest resistance at 7/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the downside border of the range at 3/8.
In the M15 chart, the pair may the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
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