Math Lines at Murrey 30.06.2022 (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 below the 200-day moving average, which indicates a bearish trend. In this case, the pair is expected to test the breakout 2/8 And continue to fall towards the support at 0/8. However, this scenario may be canceled if the price breaks the resistance at 3/8 to the top. Then, the tool may move up to reach 4/8.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

On the chart M15, the pair may break the descending line of the VoltyChannel indicator and, as a result, continue its decline.

USDCHF_M15
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

XAUUSD, “Gold vs. US Dollar”

As we can see on the 4 hour chart, XAUUSD is also trading below the 200-day moving average to indicate a possible downtrend. In this case, the price is expected to test 4/8break it, then keep moving down to reach the support level 3/8. However, this scenario may not be valid if the price breaks the resistance at 5/8 to the top. After that, the instrument may reverse and correct even 6/8.


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USDCAD_H4
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

In the chart M15, the pair may break the descending line of the VoltyChannel indicator and, as a result, continue to trade lower.

USDCAD_M15.00 USD

Article by RoboForex.com

attention!
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.



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