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Murrey Math Lines 10.12.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotations are trading under the 200-days Moving Average, which hints on the prevalence of a downtrend. However, the price is already in the oversold area. Hence, we expect a breakaway of 0/8 and further growth to the resistance at 2/8. This will be interpreted as a correction. The scenario can be canceled by a breakaway of -1/8 top-down, which might drive the quotations deeper down, to the support at -2/8.

Murrey Math Lines 10.12.2020  USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, another breakaway of the upper border of the VoltyChannel indicator can increase the probability of the growth.

Murrey Math Lines 10.12.2020 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

On H4, the quotations are trading at the lower border of a consolidation range. We expect a breakaway of 3/8, which might end in the development of an uptrend and growth to the resistance level of 5/8. The scenario can be canceled by a breakaway of 2/8. In this case, the asset will keep falling, aiming at 1/8.

Murrey Math Lines 10.12.2020  XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of VoltyChannel will support he growth of the price.

Murrey Math Lines 10.12.2020  XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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