Murrey Math Lines 27.04.2023 (USDCHF, XAUUSD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a further decline to the nearest support at 0/8 (0.8789) is expected. The scenario can be canceled by rising above the resistance at 2/8 (0.9033). In this case, the pair may climb to 3/8 (0.9155).
On M15, a breakout of the lower lie of the VoltyChannel indicator will increase the probability of a decline to the support at 0/8 (0.8789) on H4.
XAUUSD, “Gold vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In these circumstances, the quotes are expected to rise above 8/8 (2000.00) and grow on to +1/8 (2031.25). The scenario can be canceled by a downward breakout of the support at 7/8 (1968.75), which might lead to a trend reversal and a decline to 6/8 (1937.50).
On M15, an additional signal confirming the growth can be a breakout of the upper border of VoltyChannel.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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