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Murrey Math Lines 04.06.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving at 3/8. In this case, the price expected to rebound from this level and then resume trading upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8.

Murrey Math Lines 04.06.2020 USDCHF_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 break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.

Murrey Math Lines 04.06.2020 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is moving at 5/8. Earlier, there was a false breakout of this level. At the moment, this situation is expected to repeat. If the candlestick is closed above 5/8, the price may 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 continue falling towards the support at 3/8.

Murrey Math Lines 04.06.2020 XAUUSD_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 break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Murrey Math Lines 04.06.2020 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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