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Murrey Math Lines 23.04.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, XAUUSD is moving not far from the strong resistance at 8/8. In this case, the price is expected to test this level, rebound from it, and then resume falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at 1/8.

USDCHF_H4 is moving not far from the strong resistance at 8/8
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is moving close to 7/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at 6/8 to the downside. After that, the instrument may fall to return to 5/8.

XAUUSD_H4 is moving close to 7/8. In this case
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 8/8 from the H4 chart.

XAUUSD_M15 may continue trading upwards to reach 8/8 from the H4 chart.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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