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Murrey Math Lines 20.02.2020 (USDCHF, GOLD)

20.02.2020

USDCHF, “US Dollar vs Swiss Franc”

On H4, USDCHF is traded above the consolidation area. We are expecting further growth of the price to the resistance at 8/8. The scenario may be canceled by a breakout of 5/8, which may let the quotations decline to the support at 3/8.

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of the VoltyChannel is broken out. This confirms the probability of further growth.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

On H4, the pair is also traded above the consolidation area. Currently, a breakout of 7/8 will make the price grow to the resistance at 8/8. The scenario may be canceled by a breakout of 6/8, which may make the price decline to the upper border of the consolidation area at 5/8.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, there is also an uptrend, because the upper border of the VoltyChannel indicator is broken. Hence, the probability of the growth to 8/8 from H4 is confirmed.

GOLD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


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