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Murrey Math Lines 03.11.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes are above the 200-day Moving Average, which means the prevalence of an uptrend. The RSI has bounced off the support line and is going up gradually. Here we expect growth of the quotes to the nearest resistance level of 3/8 (1.0131). The scenario can be cancelled by a breakaway of the support level of 2/8 (1.0009) downwards. In this case, the pair may drop to 1/8 (0.9887).

Murrey Math Lines 03.11.2022 USDCHFH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of the VoltyChannel is broken away. This increases the probability of price growth to 3/8 (1.0131) on H4.

Murrey Math Lines 03.11.2022 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 means a downtrend. The RSI has bounced off the resistance line. Now we expect a test of 0/8 (1625.00), a breakaway, and falling to the support level of -1/8 (1609.38). The scenario can be cancelled by a breakaway of 2/8 (1656.25) upwards. This can make the quotes grow to 3/8 (1671.88).

Murrey Math Lines 03.11.2022 Gold_H4
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, increasing the probability of further price falling.

Murrey Math Lines 03.11.2022 Gold_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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