RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines 25.03.2021 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading within the “overbought area”. In this case, the price is expected to break 1/8 and then continue falling towards the support at 7/8. Still, this scenario may no longer be valid if the price breaks the resistance at 2/8 to the upside. After that, the lines in the chart will be redrawn, thus helping us to define new targets.

Murrey Math Lines 25.03.2021 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 downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.

Murrey Math Lines 25.03.2021 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after failing to break the resistance at 4/8, XAUUSD is expected to break 3/8 and continue falling to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks the resistance at 4/8 to the upside. After that, the instrument may continue growing towards 5/8.

Murrey Math Lines 25.03.2021 USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling.

Murrey Math Lines 25.03.2021 USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree