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Murrey Math Lines 10.11.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes of the pair and the RSI are nearing the oversold area. Currently, we should expect a test of 0/8 (0.9765), a bounce off it, and growth to the resistance level of 2/8 (1.0009). The scenario can be cancelled by a downward breakaway of the support level of 0/8 (1.0009). In this case, the pair will continue falling, and the quotes may drop to -1/8 (0.9643).

Murrey Math Lines 10.11.2022 USDCHFH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, growth can be additionally confirmed by a breakaway of the upper line of VoltyChannel.

Murrey Math Lines 10.11.2022 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 above the 200-day Moving Average, which indicates the prevalence of an uptrend. However, the RSI has already reached the overbought area, signaling a possible correction. As a result, we should expect a breakaway of the support level of 5/8 (1703.12) downwards and subsequent falling to 3/8 (1671.88). The scenario can be cancelled by an upwards breakaway of the resistance level of 6/8 (1718.75). This might lead to further growth of the quotes to 7/8 (1734.38).

Murrey Math Lines 10.11.2022 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 lone of VoltyChannel will increase the probability of price falling to 3/8 (1671.88) on H4.

Murrey Math Lines 10.11.2022 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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