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Murrey Math Lines 29.10.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving below the 200-day Moving Average and rebounding from 3/8, thus indicating a descending tendency. In this case, today the price is expected to break 2/8 and then continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may reverse and continue growing towards 5/8.

Murrey Math Lines 29.10.2020  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 29.10.2020 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 is moving below the 200-day Moving Average, thus indicating a descending tendency. However, yesterday the asset rebounded from the support at 0/8. In this case, the price is expected to correct upwards to 2/8. Still, this scenario may no longer be valid if the price breaks the support at 0/8 to the downside. After that, the instrument may continue falling towards the next support at -1/8.

Murrey Math Lines 29.10.2020 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 29.10.2020 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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