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Murrey Math Lines 27.02.2020 (USDCHF, GOLD)

27.02.2020

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.

USDCHF_H4
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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

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

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.

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

In the M15 chart, the pair may the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.

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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