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Murrey Math Lines 17.09.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

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

Murrey Math Lines 17.09.2020  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 is moving pretty far away from the downside line of the VoltyChannel indicator and, as a result, may continue the descending tendency only after rebounding from 3/8 from the H4 chart.

Murrey Math Lines 17.09.2020  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 upwards. In this case, the price is expected to rebound from 2/8 and resume growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

Murrey Math Lines 17.09.2020  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 17.09.2020  XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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