Murrey Math Lines 09.07.2020 (USDCHF, GOLD)

2020-07-09 15:03    RoboForex

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after breaking 3/8, USDCHF is moving below it. In this case, the price is expected to continue trading downwards to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 3/8.

Murrey Math Lines 09.07.2020 (USDCHF, GOLD) Institution Opinions 1
Murrey Math Lines 09.07.2020 (USDCHF, GOLD) Institution Opinions 2

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 the descending tendency.

Murrey Math Lines 09.07.2020 (USDCHF, GOLD) Institution Opinions 3
Murrey Math Lines 09.07.2020 (USDCHF, GOLD) Institution Opinions 4

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is moving above 5/8. In this case, the price is expected to continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may get back inside the consolidation range and continue falling towards the support at 4/8.


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 7/8 from the H4 chart.

XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Gold

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