Math Lines at Murrey 23.06.2022 (USDCHF, GOLD) :: InvestMacro

Article by RoboForex.com

USDCHF, “US Dollar vs. Swiss Franc”

As we can see on the 4 hour chart, USDCHF is trading within the “oversold zone”. In this case, the pair is expected to test -1/8break it, then continue to grow to reach the resistance level at 0/8. However, this scenario may be canceled if the price breaks the support level -2/8 On the negative side. After that, the lines on the chart will be redrawn, which helps us to identify new landing targets.

In the chart M15, the pair may break the ascending line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs. US Dollar”

As we can see on the 4-hour chart, XAUUSD is trading below the 200-day moving average, which indicates a downtrend. In this case, the price is expected to break the support level at 1/8 And keep moving down to reach 0/8. However, this scenario may not be valid if the price breaks the resistance at 2/8 to the top. After that, the tool may reverse and grow towards the trend 3/8.

In the chart M15, the pair may break the descending line of the VoltyChannel indicator and, as a result, continue trading downwards.

Article by RoboForex.com

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Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.