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Murrey Math Lines 02.12.2021 USDCHF, GOLD

02.12.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after breaking the 200day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 68, break it, and then continue falling to reach the support at 58. However, this scenario may be cancelled if the price breaks the resistance at 78 to the upside. After that, the instrument may grow towards the next resistance at 88.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.XAUUSD, Gold vs US DollarAs we can see in the H4 chart, after breaking the 200day Moving Average, XAUUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 18, break it, and then move downwards to reach the support at 08. However, this scenario may no longer be valid if the price breaks the resistance at 28 to the upside. After that, the instrument may continue growing towards the next resistance at 48.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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