Latest News

Murrey Math Lines 16.12.2021 USDCHF, GOLD

16.12.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF has rebounded from the resistance at 88. In this case, the price is expected to continue falling to reach the support at 68. However, this scenario may be cancelled if the price tests and breaks 88 to the upside. After that, the instrument may grow 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 DollarIn the H4 chart, XAUUSD is trading below the 200day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 28 and 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 48.As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading downwards only after rebounding from 28 in 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.

You may also like

Leave a reply

Your email address will not be published.

More in Latest News