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Murrey Math Lines 14.04.2022 USDCHF, GOLD

14.04.2022USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is trading above the 200day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 58 and then continue growing to reach the resistance at 68. However, this scenario may be cancelled if the price breaks the support at 48 to the downside. After that, the instrument may reverse and fall towards 38.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD is trading above the 200day Moving Average, thus indicating a further ascending tendency. In this case, the price is expected to continue moving upwards to reach the resistance at 48. However, this scenario may no longer be valid if the price breaks the support at 38 to the downside. After that, the instrument may reverse and correct down to 28.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.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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