Latest News

Murrey Math Lines 04.11.2021 USDCHF, GOLD

04.11.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 58, break it, and then continue falling to reach the support at 48. However, this scenario may be cancelled if the price breaks the resistance at 68 to the upside. After that, the instrument may continue growing towards 78.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 DollarIn the H4 chart, after breaking the 200day Moving Average, XAUUSD is trading below it, thus indicating a descending tendency. In this case, the price is expected to test 18, break it, and then continue moving downwards to reach the support at 08. However, this scenario may no longer be valid if the price breaks 28 to the upside. After that, the instrument may reverse and grow towards the resistance at 38.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may 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.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News