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Murrey Math Lines 14.05.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, XAUUSD is moving above 5/8. In this case, the price is expected to grow towards 8/8. Later, the price may break this level and then continue trading upwards with the target at 1/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may continue falling to reach the support at 6/8.

Murrey Math Lines 14.05.2020 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 upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.

Murrey Math Lines 14.05.2020 USDCHF_M15
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 also moving above 5/8. In this case, the price is expected to break 7/8 and then continue growing to reach the closest 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.

Murrey Math Lines 14.05.2020 XAUUSD_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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 8/8 from the H4 chart.

Murrey Math Lines 14.05.2020 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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