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Murrey Math Lines 18.03.2021 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to rebound from 7/8 and then resume growing towards the resistance at 1/8. Still, this scenario may no longer be valid if the price breaks the support at 7/8 to the downside. After that, the instrument may move downwards to reach 6/8.

Murrey Math Lines 18.03.2021 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 18.03.2021 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is still consolidating between 3/8 and 4/8. In this case, the price is expected to break 4/8 and continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price falls and breaks the support at 3/8 to the downside. After that, the instrument may continue falling towards 2/8.

Murrey Math Lines 18.03.2021 XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the price has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing.

Murrey Math Lines 18.03.2021 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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