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Murrey Math Lines 08.12.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. The RSI is testing the resistance line. A downward breakaway of the support level of 1/8 (0.9399) should be expected, followed by falling to 0/8 (0.9277). The scenario can be cancelled by rising over 2/8 (0.9521). In this case, the pair may rise to 3/8 (0.9643).

Murrey Math Lines 08.12.2022 USDCHFH4
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 increase the probability of price falling to 0/8 (0.9277) on H4.

Murrey Math Lines 08.12.2022 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 remain in the overbought area. The RSI has bounced off the resistance line. A breakaway downwards of 1/8 (1781.25) is expected, followed by falling to the support level of 8/8 (1750.00). The scenario can be cancelled by rising over the resistance level of 2/8 (1812.50). This will lead to reshuffling of Murray lines, after which new goals of growth will be set.

Murrey Math Lines 08.12.2022 XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, an additional signal confirming the decline will be a downward breakaway of the lower border of VoltyChannel.

Murrey Math Lines 08.12.2022 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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