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Murrey Math Lines 08.10.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to break 4/8 and then continue falling to reach 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may reverse and resume growing towards the resistance at 6/8.

Murrey Math Lines 08.10.2020  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 downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.

Murrey Math Lines 08.10.2020  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 has rebounded from the support at 0/8. In this case, the price is expected to resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.

Murrey Math Lines 08.10.2020 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 08.10.2020 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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