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Murrey Math Lines 07.10.2021 USDCHF, GOLD

07.10.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after breaking 88, USDCHF is no longer trading inside the overbought area. In this case, the price is expected to continue falling to reach the support at 78. However, this scenario may be cancelled if the price breaks 88 to the upside. After that, the instrument may continue growing towards the resistance at 18.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 leaving the oversold area, XAUUSD is trading at 18. In this case, the price is expected to break this level and then continue moving upwards to reach the resistance at 28. However, this scenario may no longer be valid if the price breaks the support at 08 to the downside. After that, the instrument may get back inside the oversold area and fall towards 18.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth towards 28 from the H4 chart.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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