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Murrey Math Lines 11.11.2021 USDCHF, XAUUSD

11.11.2021USDCHF, US Dollar vs Swiss FrancOn H4, the quotations previously bounced off the upper border of the consolidation range and are now trading above 68. We should expect a test of the resistance level of 78, a breakaway through it, and growth to 88. The scenario can be canceled by a breakaway of the support level of 68. In this case, the pair can return to 58.On M15, the upper line of VoltyChannel is broken. This makes further growth of the price more possible.XAUUSD, Gold vs US DollarOn H4, the quotations are trading above 200days Moving Average, which means the prevailing of an uptrend. In this case, we expect a bounce off 68 and further growth to the resistance level of 88. The scenario can be canceled by a breakaway of 68 downwards. This might provoke further falling to the support level of 58.On M15, the upper border of VoltyChannel is broken, which means an uptrend and a high probability of further price growth.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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