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Murrey Math Lines 08.09.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes are in the overbought area. A downward breakaway of 8/8 is expected, followed by further falling to the support level of 7/8. The scenario can be cancelled by a breakaway of 1/8 upwards. In this case the pair might start growing again and even reach the resistance level of 2/8.

Murrey Math Lines 08.09.2022 USDCHFH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away, which increases the probability of falling to 7/8 on H4.

Murrey Math Lines 08.09.2022 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 quotes are under the 200-day Moving Average, which indicates a downtrend. A test of 6/8 should be expected, followed by a breakaway and falling to the support level of 5/8. The scenario can be cancelled by a breakaway of 7/8 upwards, in which case gold can grow to the resistance level of 8/8.

Murrey Math Lines 08.09.2022 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 lower line of VoltyChannel will become an additional signal confirming the decline.

Murrey Math Lines 08.09.2022 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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